Home address: 402 Stanfield Ave
2021 Taxable Value: $182,720
Recent Sales Price: $112,500 – Over-taxed by 62%
Texas property owners can avoid paying excess property taxes by taking several basic steps. Protest market value, get a few comparable sales as evidence and you are very likely to reduce your property taxes. You can reduce your property taxes with an unequal appraisal appeal. It is difficult to persuade property owners to protest their property taxes. But 60 to 80% of those who do are successful.
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. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. 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.