Lake Conroe Appraisals Blog

If you're a homeowner in Montgomery County or anywhere in Texas, you've probably noticed your property tax bill creeping up year after year. But did you know you have the right to protest your property taxes? Many homeowners don’t take advantage of this opportunity, leaving money on the table. Here are the top 5 reasons you should protest your property taxes this year . 1. Save Money—Potentially Thousands of Dollars The most obvious reason to protest your property taxes is the opportunity to save money. Property tax assessments aren’t always accurate. If your home’s value has been overestimated, you could be paying more than your fair share. Successfully protesting your taxes could save you hundreds or even thousands of dollars annually . It’s your money—don’t let it go to waste! 2. Ensure Fair Market Value Your property’s tax value should reflect its fair market value , not an inflated estimate. Appraisal districts don’t always account for changes in the market, property condi...

Property taxes can take a big chunk out of your annual budget, but did you know there are steps you can take to potentially lower your tax bill? Thousands of homeowners unknowingly overpay each year because they aren’t familiar with the protest process. If you’re ready to fight back and keep more of your hard-earned money, here are a few key facts to get you started: 1. Check Your Property Assessment Carefully Each year, your county assesses the value of your property, and this valuation directly impacts your taxes. Overestimations can lead to higher taxes, so it’s crucial to review your property assessment carefully. Look for any discrepancies, such as outdated information on home size, renovations, or amenities that could be inflating the assessed value. 2. Gather Evidence to Support Your Case When protesting your property taxes, evidence is key. Find comparable properties in your area that are similar to yours in size, age, and condition but have lower valuations. This will help you...

Hey there, Montgomery County homeowners! Today, we’re tackling an often overlooked but incredibly important aspect of homeownership: property taxes. Many people are unaware of how their homes are assessed, how they’re taxed, and that you can actually protest the value the county has recorded. Let's dive into the tax protest process and help you potentially save some money. Understanding Property Assessments and Taxes In Montgomery County, property taxes are based on the assessed value of your home. This value is determined by the Montgomery Central Appraisal District (MCAD) and is used to calculate how much you owe in property taxes. However, sometimes the assessed value may not accurately reflect your home’s market value or improvements. Key Points: Assessment Date: Property values are assessed annually as of January 1st. Market Value vs. Assessed Value: Your home’s market value is what it would sell for under normal conditions, while the assessed value is used for tax purposes...