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Grayson Property Tax Values and Property Tax Protest Facts

Grayson County property taxes are based on computer guestimates of value generated by Grayson Central Appraisal District (Grayson CAD). Grayson CAD is responsible for valuing all real estate and personal property in the county. Property owners and property tax consultants then review the values and dispute excessive values. These graphs summarize the total value of property in Grayson County ($20 billion), total value of property protested ($2 billion) and the total property tax savings ($4 million) achieved through the property tax appeal process. Data is for 2021.

Total Market Value Grayson CountySource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.

Billions of $
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
$ Total Market Value 11.319 12.054 14.906 13.865 15.311 17.153 18.574 20.299 27.975 38.016 42.042
Single Family 3.701 3.939 4.547 4.983 5.646 7.638 6.944 7.789 10.740 12.971 13.069
Multi-family 0.204 0.205 0.216 0.255 0.293 0.329 0.366 0.483 0.591 0.717 0.869
Commercial 1.650 1.728 1.830 1.904 2.069 2.253 2.414 2.501 3.033 3.396 3.860
All Other 5.764 6.182 8.314 6.723 7.303 6.932 8.850 9.525 13.612 20.931 24.245

Texas property owners should protest annually As part of maintaining their property, like a HVAC checkup.

Grayson County Property
Tax Trends

The Grayson Central Appraisal District is responsible for valuing all real estate and personal property in the county. Property owners and property tax consultants then review the values and dispute excessive values. Here are graphs that represent the total value of property in Grayson County and the total property tax reductions achieved through the appeal process.

Grayson County Total Market
Value of Property

Grayson Central Appraisal District attempts to accurately value real estate and personal property. Following is a summary of the total values by type.

Grayson property tax assessments are alloted 38% to single-family, 2% to multifamily, 9% to commercial and 50% to all other types (BPP, utility, industrial and oil and gas), according to Grayson Central Appraisal District. The total value of all types of property is $20.29 billion in 2021 according to GraysonCAD.

Property Value Reduction By Type of Appeal Source: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.

Billions of $
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total 0.113 0.153 0.164 0.280 0.267 0.322 0.280 0.347 0.516 0.670 0.50
Informal Appeal 0.092 0.131 0.140 0.247 0.234 0.278 0.247 0.217 0.285 0.276 0.255
Formal ARB Determination 0.0140 0.0160 0.0190 0.0250 0.0240 0.0220 0.0150 0.1170 0.2190 0.3800 0.2260
Judicial Appeal 0.0080 0.0060 0.0050 0.0070 0.0100 0.0220 0.0180 0.0140 0.0120 0.0140 0.0170

Texas property owners should protest annually since Texas law requires property owners to protest to get information on their property and comparable sales in the area. This information is free and available upon request via U.S. mail (once you file a protest).

Grayson CAD Value Reduction By
Type of Appeal

Texans should appeal every property every year. This is because it is impossible for the appraisal district to accurately and equitably share the tax burden of Grayson County. There is no cost to appeal and about 65% of appeals are successful.

In 2019, Grayson County property owners who appealed and settled at the judicial hearing reduced the assessed value of their property by $22.1 million, which is $100,000 less than the value reduction achieved by formal ARB determination.

Total Property Tax Savings All Protests and AppealsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.

Millions of $
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
All Property Types 2.38 3.20 3.44 5.87 5.61 6.76 5.88 7.30 10.83 14.07 10.45
Single Family 0.12 0.15 0.53 0.54 0.81 1.03 0.94 1.08 1.40 4.21 1.32
Commercial / All other 2.26 3.05 2.91 5.33 4.80 5.73 4.94 6.22 9.43 9.86 9.13

Texas property owners should protest annually since Because it is the surest way to reduce property taxes.

Total Grayson CAD Property Tax Savings
By Property Type

The next graph shows the estimated total property tax savings (based on a 2.1% tax rate and no exemptions), based on informal hearings, written ARB determinations and Judicial Appeals combined.

Grayson property tax savings, based on hearings at the Grayson Central Appraisal District, were awarded 87% to commercial / other ($4.43 million) and 13% to single-family ($635,932), for a total of $5 million in 2021 property tax savings.

TERMS/ DISCLAIMER

This website makes data obtained from third parties available in various formats, including graphs and charts. You acknowledge and agree that the data presented on this site is not created or endorsed by O’Connor. The information presented is for general informational purposes only and is not intended to provide tax or legal advice. You acknowledge that the information provided to you is obtained from sources believed to be reliable and that no guarantees are made as to its accuracy, completeness or timeliness. You agree not to hold O’Connor liable for any decision made based on your reliance on or use of such information or data, or any liability that may arise due to delays or interruptions in the delivery of the information or data. There is no warranty of any kind, express or implied, regarding the data presented on this site.