Home address: 11236 Berkeley Hall Ln
2021 Taxable Value: $543,737
Recent Sales Price: $435,000 – Overtaxed by 25%
Half or more of Texas homeowners are paying more than their fair share of property taxes. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. 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. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan homeowners appeal their property taxes.
Property owners are sometimes reluctant to protest their property taxes because they believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. It is difficult for appraisal districts to accurately value houses due to limited staff. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.