Fannin County Appraisal District appears to have over-taxed this property by 20%!

The house at 4111 N FM 273, Ivanhoe, Texas, 75447 sold for $80,000 in September 2019.  Fannin County Appraisal District valued this property at $96,180 for the 2020 property tax year.

The owner will pay an extra $437 (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 not appear the home at 4111 N FM 273, Ivanhoe, Texas, 75447 is the primary residence.  They do not have their homestead exemption.

Fannin County Appraisal District reports this 925 square foot house was built in 1978 and is located on a 12,937 square foot lot.

If you know the owners of the house at 4111 N FM 273, Ivanhoe, Texas, 75447 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 $437.

Fannin County property tax information: Fannin County Appraisal District

Fannin County property tax info: Property tax protest hearings