Home address: 2400 Huntington Dr
2021 Taxable Value: $352,825
Recent Sales Price: $267,500 – Over-taxed by 32%
Appraisal district errors in setting assessed values cause Collin County owners to pay extra taxes. One option to reduce your property taxes is to protest the market value. Unequal appraisal appeals are valid when the assessment is below market value. The Texas Comptroller reports 80% of 2019 property tax appeals by homeowners were successful.
Some homeowners believe “you can’t fight city hall.” But property owners win 60 to 80% of property tax appeals. It is impossible for 2,272 Texas appraisal district appraisers to track physical condition and value for over 20 million properties. Appraisal districts settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings. Appraisal districts settle appeals at the informal level to avoid the time-consuming and expensive appraisal review board hearings.