Midland County Appraisal District appears to have over-taxed this property by 13!
The house at 4703 Richmond Ct, Midland, Texas, 79705 sold for $523,500 in February 2019. Midland County Appraisal District valued this property at $592,520 for the 2020 property tax year.
The owner will pay an extra $1,864 (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 4703 Richmond Ct, Midland, Texas, 79705 is the primary residence. They do have their homestead exemption.
Midland County Appraisal District reports this 4,480 square foot house was built in 1989 and is located on a 17,860 square foot lot.
If you know the owners of 4703 Richmond Ct, Midland, Texas, 79705 please encourage them to file a property tax protest. Even if they missed the May 15 protest deadline, they could 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 $1,864
Midland County property tax information: Midland County Appraisal District
Midland County property tax info: Personal property
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