Fannin County Appraisal District appears to have over-taxed this property by 5%!

The house at 1120 W 12TH ST, Bonham, Texas, 75418 sold for $41,500 in December 2019.  Fannin County Appraisal District valued this property at $43,470 for the 2020 property tax year.

The owner will pay an extra $53 (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 appear the home at 1120 W 12TH ST, Bonham, Texas, 75418 is the primary residence.  They do not have their homestead exemption.

Fannin County Appraisal District reports this 1,488 square foot house was built in 1965 and is located on a 11,252 square foot lot.

If you know the owners of the house at 1120 W 12TH ST, Bonham, Texas, 75418 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 $53.

Fannin County property tax information: Fannin County Appraisal District

Fannin County property tax info: Single family tax consultant