January 25, 2022 4:54 PM
The assessment of property taxes can be a complicated process, especially in Texas. Homeowners in Collin County have to deal with the Collin Central Appraisal District (CCAD), which assesses the taxable values of their property.
Knowing more about CCAD and the factors it considers when valuing your home can actually help you save money on your property taxes. This blog post will provide an overview of how CCAD assesses real estate taxes and potential strategies to reduce your tax burden.
Under Texas law, an appraisal district in each county is responsible for determining the value of all real estate within a county for taxation purposes. Each year, it assesses the fair market value of each piece of property as of January 1.
In Collin County, CCAD is responsible for appraising property values. Around April 15 of each year, CCAD sends a Notice of Appraised Value to all property owners. This notice will indicate the appraisal district’s assessment of the home’s fair market value, as well as its taxable value after exemptions are applied.
The specific details of the Collin CAD appraisal process are complex, and more information is available on the Appraisal District’s website.
However, in general, the Texas Tax Code requires CCAD to base its fair market value determinations on generally accepted appraisal methods and techniques and mass appraisal standards that comply with the Uniform Standards of Professional Appraisal. CCAD must also use similar appraisal methods for similar types of properties while also taking into consideration each property’s individual characteristics.
According to CCAD’s website, when assessing a home’s value, the property appraiser will rely on data such as:
CCAD’s office is located at 250 Eldorado Pkwy, McKinney, Texas 75069, with office hours on Monday through Friday from 8:00 AM until 5:00 PM. This is also the Appraisal District’s mailing address.
You can reach CCAD by telephone at (469) 742-9200 or toll-free at (866) 467-1110.
Property tax exemptions allow homeowners to excuse a portion of the value of their houses from taxation each year. CCAD offers a general homestead exemption, as well as additional exemptions for people over the age of 65, disabled people, 100% disabled veterans, and some surviving spouses.
You can download an application for a homestead exemption from the CCAD website or pick one up at the office during business hours. Alternatively, you can request that an application be mailed to you by calling CCAD’s Customer Service Department at (469) 742-9200.
If you disagree with CCAD’s assessment of your home’s fair market value, you can file a property tax protest to appeal its taxable value. This will grant you a hearing in front of the local Appraisal Review Board, which is an independent group of citizens that resolve conflicts between homeowners and the Appraisal District
In Collin County, you can file a property tax protest on the CCAD website using the Online Appeals portal, by mailing a Notice of Protest form to CCAD’s office, or by submitting one in person during regular business hours.
If your protest is successful, your home’s assessed value will be reduced and, in turn, so will your property taxes. Fortunately, there’s no need to take on the Collin Central Appraisal District by yourself. Watchtower Protest will handle every step of the process on your behalf. We will file your protest, negotiate with CCAD, and gather and present specialized real estate evidence that proves your home should have a lower assessed value.
Why not give Watchtower Protest a try? You can sign up for our services today at no initial cost. In fact, we won’t charge you anything unless we lower your property taxes. There’s zero risk involved, so don’t wait another minute to get started.
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