Another word about property taxes

Last week we received our property tax notice from Collin County. Usually, I might look at it for a while before I open it because the past few years values have gone up quite a bit.  Luckily, our value had only gone up $1200. from last year, taxes would be about the same.

However, some past clients just a few streets over had their home value go up over $25,000 from last year!  It is definitely a case by case basis.  You have until May 31, 2007 to contest. It is a good idea to get some comps of the neighborhood, proof of lesser sale or repairs that need to be done to property that lessens its value of appraisal.  Yes, they all could help lower your property tax bill.

Remember, the appraised value you received last week in Plano, IS NOT A STATEMENT.  It does not include your $.33 rate reduction for 2007 school rate taxes.  When you receive your statement at the end of October you should be pleasantly surprised.  Also, remember that the schools can propose bond packages now that can increase your property tax rates again, be informed of these issues, see post written last week on this this issue.  let us know if you would likes comps for your neighborhood to fight your cause.