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Collin Central Appraisal District (CAD) commercial and residential property owners have claimed property tax savings from formal and informal hearings. The results of these are displayed below:  In 2022, Collin County owners achieved total tax savings in 2022 of $226 million, which exceeds the 2021 total property tax savings of $137 million.  The appraisal value of 99,550 Collin County accounts were contested by the property owners in 2022.  56% of informal and 51% of Appraisal Review Board (ARB) property tax protests in Collin County were successful. The informal step in the appeal process resulted in $9 million in property tax savings for accounts valued by Collin CAD. An additional $11 million savings for property owners was accomplished in ARB protests  In 2014, less than 11% of Collin County property parcels were protested. By 2022, greater numbers of accounts began to leverage the benefit of the appeal process, with 23% of property owners filing for reduction.  In 2021, Collin County accounts found tax savings from informal hearings worth $50 million. This amount stayed consistent in 2022 with $48 million in savings from informal appeals. Property owners select O’Connor to represent them in property tax protests more often than any other firm because:  O’Connor’s aggressive approach is well aligned with the property owners’ interest. We pay the fees and costs regardless of the level of appeal. Many competitors require the property owner to pay the binding arbitration deposit or costs related to judicial appeal such as legal fees, expert witness fees and court costs. We will not ask you to pay any of the costs or fees related to your property tax protest.  O’Connor has built relationships with appraisal district staff during the last 30 years while conducting literally millions of property tax appeals.  O’Connor develops an extensive file for each property tax protest, often 50 to 100 pages of evidence regarding both market value and unequal appraisal. Our proprietary software tailors the evidence to a format the appraisal district prefers.  Our experience has allowed us to compile sales and unequal appraisal data consistent with the format expected by the Collin CAD and the Collin County ARB.

Graphs

Property Taxes vs CPI

CAD Operations Stats

About CAD

Disclaimer: O’Connor is a property tax consultant and is not affiliated with any appraisal district. Data for graphs provided by Texas comptroller.

PERCENT OF INFORMAL HEARINGS RESULTING IN A REDUCTION

PERCENT OF FORMAL PROTESTS RESULTING IN A REDUCTION

PERCENT OF PARCELS PROTESTED IN COLLIN COUNTY

TAX SAVINGS FROM INFORMAL HEARINGS

TAX SAVINGS FROM FORMAL PROTESTS

TOTAL PROTESTS IN COLLIN COUNTY

Average Property Tax Savings from Protesting (Informal + Formal) Residential Property

Commercial Property

$333

$8,532

August 2023 In 2021, Collin Central Appraisal District granted an estimated $47 million in property tax savings at informal hearings and $80.4 million in property tax savings at ARB or formal hearings. These protests totaled close to $127 million total tax savings for Collin County property owners.

July 2023 The Collin Central Appraisal District protests at ARB hearings resulted in value reductions worth $3.2 billion, translating to property tax savings of near $80.4 million.

June 2023 In 2021, Collin Central Appraisal District informal hearings lowered the 2021 assessed values by $1.8 billion. Collin County property owners realize an estimated $46.9 million savings in property taxes as a result.

May 2023


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