Home address: 5931 La Cumbre Dr

2021 Taxable Value: $350,841

Recent Sales Price: $280,000 – Over-taxed by 25%

Appraisal district errors in setting assessed values cause Collin County owners to pay extra taxes. Comparable sales or condition issues at your home are useful for a market value appeal of property taxes. Property owners can appeal both market value and unequal appraisal. 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 homeowners do not appeal property taxes because they are not aware of this right.  You can and should protest both market value and unequal appraisal annually. Appraisal districts use the cost approach to value houses.  It is generally considered the least reliable method of appraisal. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Property taxes are the largest tax most Texans face.  But it is a stealth tax hidden in the mortgage payment, disguising the size of property taxes paid.