Home address: 2509 Trailridge Dr
2021 Taxable Value: $331,759
Recent Sales Price: $187,500 – Over-taxed by 77%
Appraisal district errors in setting assessed values cause Collin County owners to pay extra taxes. One option to reduce you property taxes is to protest the market value. Unequal appraisal is a powerful tool to reduce property taxes, but many homeowners are not aware of it and don’t use it. The Texas Comptroller reports 80% of 2019 property tax appeals by homeowners were successful.
Many owners intended to appeal but the May 15th date slipped by with no appeal. If you want to appeal and it is slipping your mind, consider a consultant. It is difficult for appraisal districts to accurately value homes since they rarely or never see the houses. Appraisal districts aggressively settle appeals since they have only 65 days to settle most of the appeals. Property owners have a duty and responsibility to appraisal property taxes annually. It is not prudent or reasonable to rely on the appraisal district’s estimate.
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