Hopkins County Appraisal District appears to have over-taxed this property by 7%!

The house at 1378 E Loop 301, Sulphur Springs, Texas, 75482 sold for $227,500 in January 2020.  Hopkins County Appraisal District valued this property at $242,470 for the 2020 property tax year.

The owner will pay an extra $404 (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 1378 E Loop 301, Sulphur Springs, Texas, 75482 is the primary residence.  They do have their homestead exemption.

Hopkins County Appraisal District reports this 4,329 square foot house was built in 1972 and is located on a 78,408 square foot lot.

If you know the owners of 1378 E Loop 301, Sulphur Springs, Texas, 75482 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 $404.

Hopkins County property tax information: Hopkins County Appraisal District

Hopkins County property tax info: How to protest property tax