Collin County, Texas Property Taxes

Homeowners in Collin County, TX, have the opportunity to appeal their property tax assessments if they believe they are over-assessed. The process begins with a formal protest to the Collin County Appraisal District. Homeowners must file a written notice of protest, typically by May 15th or within 30 days of receiving their assessment notice, whichever is later. Once the protest is filed, the appraisal district may offer an informal meeting to discuss the assessment. If the issue isn't resolved informally, the next step is a formal hearing before the Appraisal Review Board (ARB).

During the ARB hearing, homeowners present evidence to support their claim that their property is over-assessed. This evidence can include recent sales data of comparable properties, an independent appraisal, or photographs showing the property's condition. The ARB, an independent panel of citizens, listens to both the homeowner and the appraisal district's representative before making a decision. Potential outcomes of the appeal process include a reduction in the property's assessed value, which would lower the property tax bill, or a decision to maintain the current assessment.

Ownwell can simplify this process for homeowners by handling the appeal from start to finish. Our team of experts gathers the necessary evidence, prepares a compelling case, and represents homeowners during the ARB hearing. By leveraging our expertise, homeowners increase their chances of a successful appeal, potentially saving thousands on their property tax bills. With Ownwell's support, homeowners can navigate the complexities of the appeal process with confidence, ensuring they pay only their fair share in property taxes.

In Collin County, Texas, homeowners have access to several property tax exemption programs designed to reduce their tax burden. One of the most significant exemptions available is the Homestead Exemption, which applies to primary residences. This exemption offers a reduction in the assessed value of the home, lowering the overall tax bill. To qualify, the homeowner must occupy the property as their primary residence as of January 1st of the tax year and must not claim a homestead exemption on any other property.

Another important exemption is the Over-65 Exemption, which provides additional tax relief for senior citizens. Homeowners aged 65 or older can benefit from a reduction in their property's assessed value, leading to further savings. Additionally, the Disabled Person Exemption is available for individuals with qualifying disabilities, offering similar benefits to the Over-65 Exemption.

To apply for these exemptions, homeowners must submit the appropriate application forms to the Collin County Appraisal District, along with any required documentation, such as proof of age or disability status. Ownwell can assist homeowners by guiding them through the application process, ensuring all necessary paperwork is completed accurately and on time. By leveraging Ownwell's expertise, homeowners can maximize their savings and take full advantage of the available exemption programs in Collin County.