Home address: 608 Jouette St

2021 Taxable Value: $265,432

Recent Sales Price: $209,900 – Over-taxed by 26%

Collin County homeowners are often unaware of the factors that cause them to pay extra taxes. Market value property tax appeals save homeowners an average of $500, according to Texas Comptroller Glen Hager, for 2019. 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 that 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. 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. Protest your property taxes on market value and unequal appraisal by May 15th annually.  Protest even if you do not receive a value notice.