Home address: 2109 Parkhaven Dr
2021 Taxable Value: $328,247
Recent Sales Price: $225,100 – Over-taxed by 46%
Appraisal district errors in setting assessed values cause Collin County owners to pay extra taxes. Most market value protests are successful, typically saving the owner hundreds or thousands of dollars. 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. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.
Many owners do not protest because they do not understand the process. Most would appeal if they know how easy it is the high chance of success. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. Appraisal districts are receptive to settling property tax protests for houses at the informal level because it has only a nominal impact on the total tax base. Protest your property taxes on market value and unequal appraisal by May 15th annually. Protest even if you do not receive a value notice.