Home address: 602 N Washington St
2021 Taxable Value: $185,272
Recent Sales Price: $101,000 – Over-taxed by 83%
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. 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.
Property owners are sometimes reluctant to protest their property taxes because the believe the appeal process is difficult. It is not difficult and 60 to 80% of owners who appeal are successful. Appraisal districts use the cost approach to value houses. It is generally considered the least reliable method of appraisal. One reason appraisal districts are motivated to settle protests is to maintain goodwill with the community. Protect your home by appealing property taxes annually.
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