Home address: 1112 Savage Dr

2021 Taxable Value: $185,905 

Recent Sales Price: $145,000 – Over-taxed by 28%

Most homeowners who do not appeal annually pay excess property taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. Unequal appraisal appeals are valid when the assessment is below market value. Woody Allen said “80% of success is showing up”.  The same is true of property taxes.  If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent. 

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. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Property owners who appeal annually rarely pay more than their fair share.