Scott Cameron 11334 Casa Grande Trail Frisco, TX 75033 Phone: (214) 364-5567 Mobile: 2143645567 Email Scott

Tax Appraisal Protest Process


 

Property tax appraisals are sent to homeowners on May 1. Even though taxes are paid at the end of the year, the homeowner only has until May 31 to object to the appraised value.  If you think your home is appraised too high, and you will be paying too much in property taxes, act now! (Lowering your appraised value does not affect the value of your home when you are ready to sell. The market values at the time you sell will determine the amount for which you will be able to price and sell the home.)
 
You may do an informal review anytime without appointment before May 31.   You do this by going to the Collin Central Appraisal District (www.collincad.org ) which is on Eldorado east of 75 just before Highway 5.  If you choose to go early in the month, you will not have much of a wait, but if you don’t go until the end of the month, the wait could be very long. Past experience has shown that the earlier you go in, the more likely you will succeed in reducing your appraised value and in turn reducing the amount you will pay in taxes.
 
The appraisal district does not take an average of all the homes in the neighborhood to determine your price per square feet. Instead they will choose four to five similar houses sold in your neighborhood from January 1 thru March 31 and take an average of those.  Arm yourself with a complimentary comparative market analysis (CMA) on homes sold in the last six months in your neighborhood.   Email us  and include your full address and we will prepare this report for you.
 
*If this is your primary residence, make sure it has a homestead designation. You can find this on the CCAD website (www.collincad.org) under exemption information. There is also an exemption if you are over 65 years of age or are disabled.  If this is rental property, you can ask for a functional adjustment (95% instead of 100%.) 
 
Please contact us if you have questions about this process and we can walk you through it. 
 
Also, if you are looking to buy or sell a home, or if you know someone who is, we would love to help.