Home address: 919 Grand Cypress Ln

2021 Taxable Value: $323,948

Recent Sales Price: $252,500 – Over-taxed by 28%

Appraisal district errors in setting assessed values cause Collin County owners to pay extra taxes. Protesting the appraisal district’s market value with usually reduce your 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. It is difficult to persuade property owners to protest their property taxes.  But 60 to 80% of those who do are successful.

Property owners are sometimes reluctant to protest their property taxes because the believe the appeal process is difficult.  It is not difficult and 60 to 80% of owners who appeal are successful. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Appraisal districts are willing to settle property tax appeals because they realize their values are not precise. Property owners who appeal annually rarely pay more than their fair share.