Travis County Appraisal District appears to have over-taxed this property by 41%!
The house at 303 Craigmont Dr, Austin, Texas, 78745 sold for $400,000 in February 2019. Travis County Appraisal District valued this property at $563,857 for the 2020 property tax year.
The owner will pay an extra $4,424 (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 appear the home 303 Craigmont Dr, Austin, Texas, 78745 is the primary residence. They do have their homestead exemption.
Travis County Appraisal District reports this 3,339 square foot house was built in 1988 and is located on a 9,248 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 303 Craigmont Dr, Austin, Texas, 78745 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 $4,424.
Travis County property tax information: Travis County Appraisal District
Travis County property tax info: Commercial property tax
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