Home address: 2032 Hidalgo Ln
2021 Taxable Value: $742,500
Recent Sales Price: $650,000 – Over-taxed by 26%
Denton County homeowners are often unaware of the factors that cause them to pay extra taxes. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. You can reduce your property taxes with an unequal appraisal appeal. 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. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. Appraisal districts settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings. Property taxes are the largest tax most Texans face. But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid.