Burnet CAD Has Over-Taxed This Property At 1200 Legends Pkwy, Kingsland By 6%!

 Burnet County Appraisal District appears to have over-taxed this property by 6%!

The house at 1200 Legends Pkwy, Kingsland, 78639 sold for $530,000 in October 2019. Burnet County Appraisal District valued this property at $560,604 for the 2020 property tax year.

The owner will pay an extra $826 (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 appear the house at 1200 Legends Pkwy, Kingsland, 78639 is the primary residence. The do have their homestead residence.

Burnet County Appraisal District reports this 3,145 square foot house was built in 2007   and is located on a 46,174 square foot lot.

If you know the owners of the house at 1200 Legends Pkwy, Kingsland, 78639 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 $826.

Comments

Post a Comment

Popular posts from this blog

El Paso County Residential Values Increase 16.5%

  Property tax assessments for homes were increased by 16.5% for the tax year 2021, based on a review of 11,690 homes valued by the El Paso Appraisal District. Homes valued at $1 million or higher had the largest increases, average 21% higher than 2020. Review of 11,690 homes valued at $300,000 or indicates an increase in assessed value of $4.07 billion, up 10.9% from 4.52 billion in 2021. Total property taxes for 2021 for homes valued over $300,000 would total $129.2 million, based on a 2.7% tax rate before considering homestead exemptions. El Paso has 157 homes valued at $1 million or higher.  They are valued at $0.21 billion in 2021, up from $0.19 billion in 2020.  Values were increased for 140 homes, reduced for 16 homes, and remained flat for 1 home. Homes valued at $300,000 to 500,000 increased from 3.00 billion in 2020 to 3.34 billion in 2021, an 11.1% increase. Of the 9,928 in this price range, values were increased for 8,604, reduced for 1,323, and remained flat ...
Read more

STREAMLINE YOUR APPRAISAL PROCESS WITH COMMERCIAL REAL ESTATE APPRAISAL SOFTWARE

Image
  Commercial real estate assessment report writing software (CARS) allows you to streamline your appraisal process. CARS is connected to National data, which can automatically pre fill your appraisal forms with the property data, advanced AI algorithms which recommend comps and comparable maps so on. It helps appraisers to pull market data, analyze comps, and generate different types of customized reports. What you can do with CARS 4 - minute commercial property evaluations; 40 - minute commercial narrative appraisals; and 1 - appraiser can complete 800+ appraisals in one year.  Commercial Assessment Reporting System (CARS) can reduce report prep time by 80%+, Third party data subscriptions are not needed, data and comps are included within the applications. ACCURACY OF CARS: Increases the profit margin of your appraisal firm from 10% to 30% or higher. Licenced appraisers with 25+ years of experience. Reduces report preparation time by 80%. No third party data subscriptions ar...
Read more

5 Key Things You Need To Know Before Buying A House

Image
  If you are new to home buying, don’t worry we have lots of ideas to help your business. Here are five key things you should know before buying a property. Understand the home value Research and repeat Look into future prospects Find good real estate agents Ask neighbors about a builder's reputation Understand the home value                    Before buying a new house, you should understand the value of the property. The best way to understand the value is, have a look at similar properties in the area. You will get an idea in home buying. Choosing the house is an easy process if you know how much you are willing to spend on it. After choosing the house, you should analyze the property then determine the value with help of real estate agents.  Research and repeat     Do research about the area where you are about to buy your property. Check whether it has all amenities, and y...
Read more