Erath County Appraisal District appears to have over-taxed this property by 17%!

The house at Erath county property tax trends. House at 514 Spring Meadow St, Stephenville, Texas, 76401, is more than 26% over-taxed & qualifies for a Tax protest.76401 sold for $125,000 in May 2019.  Erath County Appraisal District valued this property at $146,650 for the 2020 property tax year.

The owner will pay an extra $585(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 not appear the home at 514 Spring Meadow St, Stephenville, Texas, 76401 is the primary residence.  They do not have their homestead exemption.

Erath County Appraisal District reports this 2,284 square foot house was built in 1980 and is located on a 9,322 square foot lot.

If you know the owners 514 Spring Meadow St, Stephenville, Texas, 76401 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 $585.

Erath County property tax information: Erath County Appraisal District

Erath County property tax info: Commercial Property Tax Reduction