Cooke County Appraisal District appears to have over-taxed this property by 23%!
The house at 106 E Hogan Dr, Lake Kiowa, Texas, 76240 sold for $550,000 in May 2020. Cooke County Appraisal District valued this property at $679,049 for the 2020 property tax year.
The owner will pay an extra $3,484 (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 106 E Hogan Dr, Lake Kiowa, Texas, 76240 is the primary residence. They do not have their homestead exemption.
Cooke County Appraisal District reports this 2,953 square foot house was built in 1984 and is located on a 23,518 square foot lot.
If you know the owners of 106 E Hogan Dr, Lake Kiowa, Texas, 76240 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 $3,484.
Cooke County property tax information: Cooke County Appraisal District
Cooke County property tax info: Informal hearing