Palo Pinto County Appraisal District appears to have over-taxed this property by 29%!

The house at 356 Bowie, Mineral Wells, Texas, 76067 sold for $40,000 in January 2019. Palo Pinto County Appraisal District valued this property at $51,500 for the 2020 property tax year.

The owner will pay an extra $311 (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 356 Bowie, Mineral Wells, Texas, 76067 is the primary residence. They do have their homestead exemption.

Palo Pinto County Appraisal District reports this 800 square foot house was built in 2003 and is located on a 17,860 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 the 356 Bowie, Mineral Wells, Texas, 76067 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 $311

Palo Pinto County property tax information:  Palo Pinto County Appraisal District

Palo Pinto County property tax info: Appraisal district evidence