Home address: 1445 Delgado St

2021 Taxable Value: $98,730                                                                           

Recent Sales Price: $61,000 – Over-taxed by 62%

Bexar County property investors far too often pay excess property taxes. Either comparable sales or condition issues at your home are useful for a market value appeal of property taxes. Unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.

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. Appraisal districts use the cost approach to value houses.  It is generally considered the least reliable method of appraisal. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Protect your home by appealing property taxes annually.