Home address: 1203 Crossvine Dr

2021 Taxable Value: $345,818

Recent Sales Price: $238,000 – Over-taxed by 45%

Collin County home owners are often unaware of the factors that cause them to pay extra taxes. A market value appeal is based on the assessor’s value exceeding the market value of your home. Unequal appraisal appeals compare the level of assessment of your house to comparable houses, typically on a per square foot basis. Appraisal districts are generally very receptive to settling tax appeals at the informal hearing.

Some homeowners believe “you can’t fight city hall.”  But property owners win 60 to 80% of property tax appeals. Incorrect property data such as grade, effective year built, condition, etc lead to substantial errors in appraisal district values for houses. Most tax protests are settled at the informal level so appraisers can return to measuring and valuing new construction. Property owners who appeal annually rarely pay more than their fair share.