Home address: 1370 Whirlaway Dr
2021 Taxable Value: $309,329
Recent Sales Price: $210,000 – Over-taxed by 47%
Most homeowners who do not appeal annually pay excess property taxes. One option to reduce your property taxes is to protest the market value. Property owners can appeal both market value and unequal appraisal. Winning a property tax protest is easy. Getting property owners to appeal is hard. Only 10% of Texan homeowners appeal their property taxes.
Owners are sometimes reluctant to protest property taxes due to a concern their value might be raised. This can’t and does not happen. Since 2019, neither the appraisal district or the appraisal review board can increase a property tax assessment during a protest. 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.