Grayson County Appraisal District appears to have over-taxed this property by 96%!

The house at 1602 E Mildred St, Sherman, 75090 sold for $37,500 in May 2019.  Grayson County Appraisal District valued this property at $73,594 for the 2020 property tax year.

The owner will pay an extra $975 (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 home owners is to obtain a homestead for their primary residence.  It does not appear the home at 1602 E Mildred St, Sherman, 75090 is the primary residence.  They do have their homestead exemption.

Grayson County Appraisal District reports this 1,180 square foot house was built in 1955 and is located on a 18,478 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 house at 1602 E Mildred St, Sherman, 75090 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 $975.

Grayson County property tax information: Grayson County Appraisal District

Grayson County property tax info: Commercial property tax consultant