Home address: 1715 Cherokee Trl

2021 Taxable Value: $321,132

Recent Sales Price: $200,000 – Over-taxed by 61%

Collin County homeowners are often unaware of the factors that cause them to pay extra taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. You can reduce your property taxes with an unequal appraisal appeal. Woody Allen said “80% of success is showing up”.  The same is true of property taxes.  If you file an appeal and attend the hearing, your chance of reducing your property taxes is excellent.

Some property owners do not appeal due to a concern the appraisal district will want to inspect their house.  However, the appraisal district is MUCH too busy during the appeal season to even think about asking to inspect a property.  Assessors do not visit houses because of appeals. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Property owners who appeal annually rarely pay more than their fair share.