Home address: 2215 High Pointe Dr
2021 Tax Assessment: $456,909
Recent Sales Price: $350,000 – Over-taxed by 31%
Denton County property investors far too often pay excess property taxes. Protesting the appraisal district’s market value will usually reduce your property taxes. An unequal appraisal appeal is easy to prepare. Just find neighborhood homes with a lower level of assessment (per square foot). Summarize the data in a table. The majority who appeal their Texas property taxes are successful.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous. Some have been remodeled and some haven’t. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”. An appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.