Home address: 1818 Lakeshore Ct

2021 Taxable Value: $523,571

Recent Sales Price: $415,000 – Over-taxed by 26%

Appraisal district errors in setting assessed values cause Collin County owners to pay extra taxes. Appraisal districts are flexible on market value appeals given the large number of houses they value and that are protested. Unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. Property tax appeals are often won with a smile and a bit of data. 

It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Protect your home by appealing property taxes annually. 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