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Collin County Appraisal District 2022 Industrial Personal Property Tax Protest Summary
One percent of the total property tax base is derived from industrial property taxes in Collin County. Industrial property includes refineries, chemical processing, manufacturing, and fabricating. Owners of Collin County industrial property protested 99% of the total value in 2022. Industrial property protested totaled $1 billion out of $2 billion in 2022. The percentage of accounts that have been protested is more than usual, although only 26% of industrial property has had a court appeal. By comparison, the value of 28% of multifamily and 26% of commercial business property filed judicial appeals. Owners of houses only filed judicial appeals for 0.03% of the value of all houses.
Plant owners in the chemical and industrial industries can afford to hire knowledgeable representation to protest the Collin Central Appraisal District's (CAD) valuation. Every year, O'Connor files tax disputes on behalf of the owners of around 250,000 properties. Both an upfront charge and a flat price are absent. Unless we lower your property taxes that year, there is no charge. Don't overlook another deadline for a property tax protest. To represent you, sign up for the Property Tax Protection Program™ now.
Collin County Appraisal District Industrial Property Tax Summary
Market Value Industrial Real Property | $1,041,354,703 |
Market Value Industrial Personal Property | $653,848,938 |
Number Industrial Real Property Property Tax Protests | 113 |
Number Industrial Personal Property Property Tax Protests | 103 |
$ Value Industrial Real and Personal Protested | $1,693,074,991 |
# Lawsuits Filed for Industrial on ARB Values | 19 |
ARB Value of All Lawsuits Filed for Industrial | $447,714,118 |
$ Reduction Property Tax Lawsuits for Industrial Current Year | $25,468,990 |