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Anyone in Texas get property taxes significantly lowered?

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July 13, 2017, 05:13 AM
mrvmax
Anyone in Texas get property taxes significantly lowered?
I'm looking at a buying property that was foreclosed in 2016. It looks like the appraisal district increased the value from about 40000 to 110000 in one year in 2016. It's a sealed bid type sale but minimum is 14000 and I'm sure it will sell for 25000 or less. Other properties right next to it are valued around 30-40000 and it's obvious the tax valuation is too high compared to everything else around it.I'm just wondering if I win it the chances of getting the appraisal district to lower the appraised value for tax purposes. I figured with the vast knowledge on the forum someone in Texas may have done this or have knowledge of it.
July 13, 2017, 05:52 AM
dewhorse
We did the first year after we bought our house, dropped it $40k by showing them the appraisal we had and the price we bought it for......

I am in Collin Co.

This year we are hoping to knock it down again....we will see
July 13, 2017, 08:53 AM
610
A few years ago I set on the appraisal review board for my county. We had a hospital that had been built a few years prior for $2.5 million but had closed. The building went to auction and sold for $800,000. The woman that bought came to us and said that the fair market value was now $800,000 and asked that we lower the value to that. At that time "fair market value" meant a willing seller and a willing buyer we had no choice but to agree and lower the value so we did.

Sounds to me like you could have a case.


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