Home address: 284 Nicholas Ln

2021 Taxable Value: $877,470    

Recent Sales Price: $439,317  – Over-taxed by 100%

Appraisal district errors in setting assessed values cause Hays County owners to pay extra taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. The lower value stands when appealing market value and unequal appraisal.  Appeal both every year. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do are successful. 

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. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Property owners who appeal annually rarely pay more than their fair share.