Medina County Appraisal District appears to have over-taxed this property by 90%!
The house at 10209 Fm 2200 S, Yancey, Texas, 78886 sold for $79,900 in May 2019. Medina County Appraisal District valued this property at $151,450 for the 2020 property tax year.
The owner will pay an extra $1,932 (2.7% tax rate times amount over-valued) in property taxes, just for this year, unless they protest their property taxes or hire a property tax consultant to protest for them.
The first step for homeowners is to obtain a homestead for their primary residence. It does not appear the home 10209 Fm 2200 S, Yancey, Texas, 78886 is the primary residence. They do not have their homestead exemption.
Medina County Appraisal District reports this 1,800 square foot house was built in 2019 and is located on a 457,816 square foot lot.
Because the property is more than 25% over-taxed, it qualifies for a substantial error protest if a routine protest was not filed.
If you know the owners of the 10209 Fm 2200 S, Yancey, Texas, 78886 please encourage them to file a property tax protest. Even if they missed the May 15 protest deadline, they can still file a substantial error protest. In many cases, if they provide the appraisal district with a copy of the closing statement, they will correct the value.
Just for filing a form with a copy of the closing statement the owner can save $1,932
Medina County property tax information: Medina County Appraisal District
Medina County property tax info: Commercial property tax protest
Comments are closed.