1. Lower your property appraisal amount- by lowing
the appraised value of your property, you can reduce how much extra you pay in
taxes regardless of the tax rates. You have until May 15th to file your protest.
· Call Collin CAD and get them to send you the
comps they used to assess your property’s market value. They are at 866.467.1110
· Type in your address in the property search on
Collin CAD’s website. Once there, click on the map and explore the other houses
around you and their values. You will see some discrepancies. If your neighbor’s
value is unavailable, that means they've already filed a protest.
· You can
protest for 2 reasons: an incorrect appraised market value and value is unequal
compared with other properties. Do both. Collect comps around you, write down
anything that would lower your value inside or outside your house. Be prepared with
pictures and info to back you up.
· There is no harm in trying. Even a small
reduction in value of $5k lowers how much extra per
$100 of your property’s appraised value taxing entities can get.
2. Be vocal with your city, your school district, Collin
College, and the county that you do not want waste in the budget that will prevent
meaningful tax rate reductions. Budget season has started. It isn’t too early
to start pounding that message.
· Your apathy means we all will pay more in taxes.
· We have to be vocal and visible lobbyists for lower
tax rates.
· Attend budget workshops, take surveys, attend
meetings, and email your representatives.
Email them all, but concentrating on the ISD and city is your best bet for more tax relief:
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