Home address: 2452 Elm Valley Dr

2021 Taxable Value: $363,331 

Recent Sales Price: $291,342 – Overtaxed by 25%

Denton County property investors far too often pay excess property taxes. Protest market value, get a few comparable sales as evidence and you are very likely to 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. 

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. Appraisal districts use mass appraisal to value property, basically a math model.  Overall results are OK.  However, many homes are too high or low. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.