Home address: 300 Jim Knowles Pl
2021 Taxable Value: $158,070
Recent Sales Price: $105,500  – Over-taxed by 50%

Texas property owners can avoid paying excess property taxes by taking several basic steps. Market value property tax appeals save homeowners an average of $500 according to Texas Comptroller Glen Hager for 2019. You can reduce your property taxes with an unequal appraisal appeal. 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 a high chance of success. Appraisal districts use the cost approach to value houses.  It is generally considered the least reliable method of appraisal. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Property owners have a duty and responsibility to appraise property taxes annually.  It is not prudent or reasonable to rely on the appraisal district’s estimate.