Home address: 110 S Rustic Trl

2021 Taxable Value: $383,616

Recent Sales Price: $245,000 – Over-taxed by 57%

Collin County home owners are often unaware of the factors that cause them to pay extra taxes. One option to reduce you property taxes is to protest the market value. 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. 

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. Appraisal districts use mass appraisal to value property, basically a math model.  Overall results are OK.  However, many homes are too high or low. Tax protests are resolved at the informal hearing since the result is within a “reasonable range of value”.  Appraisal is not an exact science and valuations are only an educated opinion of value, not a fact. Protect your home by appealing property taxes annually.