Hunt County Appraisal District appears to have over-taxed this property by 39%!

The house at 2500 Monroe St, Commerce, Texas, 75428 sold for $89,500 in July 2019. Hunt County Appraisal District valued this property at $124,570 for the 2020 property tax year.

The owner will pay an extra $947 (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 2500 Monroe St, Commerce, Texas, 75428 is the primary residence.  They do not have their homestead exemption.

Hunt County Appraisal District reports this 1,983 square foot house was built in 1960 and is located on a 10,576 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 at 2500 Monroe St, Commerce, Texas, 75428 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 $947.

Hunt County property tax information:  Hunt County Appraisal District

Hunt County property tax info: House property tax protest