Home address: 5901 Parkplace Dr

2021 Taxable Value: $318,149

Recent Sales Price: $252,000 – Over-taxed by 26%

Most homeowners who do not appeal annually pay excess property taxes. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. Property owners can appeal both market value and unequal appraisal. The Texas Comptroller reports 80% of 2019 property tax appeals by homeowners were successful. 

Many owners do not protest because they do not understand the process.  Most would appeal if they know how easy it is to have a high chance of success. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”.  Appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. Property owners who appeal annually rarely pay more than their fair share.