Home address: 5022 Oak Knoll Ln

 2021 Taxable Value: $1,030,415

 Recent Sales Price: $752,000 – Over-taxed by 37%

Appraisal district errors in setting assessed values cause Collin County owners to pay extra taxes. Protesting the appraisal district’s market value with usually reduce your property taxes. An unequal appraisal appeal is easy to prepare.  Just find neighborhood homes with a lower level of assessment (per square foot).  Summarize the data in a table. 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. Mass appraisal models make it impossible for appraisal districts to accurately value most houses. Appraisal districts usually settle appeals at the informal hearing since it costs less and takes fewer resources. Not appealing your property taxes annually is the equivalent of volunteering to pay extra property taxes.