Rusk County Appraisal District appears to have over-taxed this property by 5%!
The house at 145 Cr 1131, Kilgore, Texas, 75662 sold for $418,300 in February 2020. Rusk County Appraisal District valued this property at $440,810 for the 2020 property tax year.
The owner will pay an extra $608 (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 at 145 Cr 1131, Kilgore, Texas, 75662 is the primary residence. They do have their homestead exemption.
Rusk County Appraisal District reports this 2,725 square foot house was built in 2012 and is located on a 44,344 square foot lot.
If you know the owners of the 145 Cr 1131, Kilgore, Texas, 75662 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 $608
Rusk County property tax information: Rusk County Appraisal District
Rusk County property tax info: Cost Segregation: Why are 90% of Real Estate Investors Overpaying Federal Income Taxes?
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