Rusk County Appraisal District appears to have over-taxed this property by 82%!

The house at 195 Cr 1130, Kilgore, Texas, 75662 sold for $132,500 in March 2019. Rusk County Appraisal District valued this property at $241,540 for the 2020 property tax year.

The owner will pay an extra $2,944 (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 195 Cr 1130, Kilgore, Texas, 75662 is the primary residence. They do have their homestead exemption.

Rusk County Appraisal District reports this 1,982 square foot house was built in 2009 and is located on a 40,554 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 the 195 Cr 1130, 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 $2,944

Rusk County property tax information: Rusk County Appraisal District

Rusk County property tax info: Commercial property tax