Home address: 3824 Tierra Campa Dr
2021 Taxable Value: $225,068
Recent Sales Price: $160,000 – Overtaxed by 41%
Half or more of Texas homeowners are paying more than their fair share of property taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. Property owners can appeal both market value and unequal appraisal. The majority who appeal their Texas property taxes are successful.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is the high chance of success. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”. Appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. 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.