Home address: 6277 Toucan Ct
2021 Taxable Value: $184,490
Recent Sales Price: $135,900 – Overtaxed by 36%
Most homeowners who do not appeal annually pay excess property taxes. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per square foot basis. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan homeowners appeal their property taxes.
Some homeowners do not appeal property taxes because they are not aware of this right. You can and should protest both market value and unequal appraisal annually. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Protesting your property taxes annually is analogous to regularly changing the oil in your car. Preventative maintenance avoids serious problems.