Hidalgo County Appraisal District appears to have over-taxed this property by 84%!
The house at 1303 Ridge Loop, Palmview, Texas, 78574 sold for $ 124,362 in March 2019. Hidalgo County Appraisal District valued this property at $ 229,182 for the 2020 property tax year.
The owner will pay an extra $ 2830 (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 appear the home 1303 Ridge Loop, Palmview, Texas, 78574 is the primary residence. They do have their homestead exemption.
Hidalgo County Appraisal District reports this 2,200 square foot house was built in 1998 and is located on a 21,882 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 1303 Ridge Loop, Palmview, Texas, 78574 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 $ 2830.
Hidalgo County property tax information: Hidalgo County Appraisal District
Hidalgo County property tax info: 20+ reasons to appeal annually