Home address: 1008 Bass Dr

2021 Taxable Value: $305,570

Recent Sales Price: $150,000 – Over-taxed by 104%

Appraisal district errors in setting assessed values cause Collin County owners to pay extra taxes. One option to reduce you property taxes is to protest the market value. Check the unequal appraisal box on the protest form, or your unequal appraisal appeal will be ignored. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.

Some homeowners do not appeal property taxes because they are not aware of this right.  You can and should protest both market value and unequal appraisal annually. One reason it is difficult for appraisal districts to correctly value homes is they are not homogenous.  Some have been remodeled and some haven’t. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Property owners have a duty and responsibility to appraisal property taxes annually.  It is not prudent or reasonable to rely on the appraisal district’s estimate.