Gregg Property Taxes Cut in 25% of Informal Hearings
Gregg County Appraisal District (PCAD) generates property taxes assessments using a process called "mass appraisal". It is the least reliable method to value property. Hence, their estimates of value are subject to protests on both market value and unequal appraisal. Gregg County property owners won 25% of the informal appeals, saving $905 million in just 2021. Gregg owners who protest are likely to save, but you must protest to save. There are no voluntary reductions after initial guesstimates are sent. In a typical year, 0 of protests are successful in Gregg. If you don't want to protest annually yourself, we can do it for you. There is no flat fee. No upfront cost. No fee ever unless we reduce your property taxes that year. Enroll now in the Property Tax Protection Program(TM) to claim your savings. Three simple steps: 1) enroll, 2) relax and 3) save.
Resolved Informally Gregg CountySource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Thousands | ||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | ||
| Total Number | 3.072 | 3.113 | 3.154 | 5.208 | 4.573 | 2.764 | 2.299 | 2.114 | 2.248 | 4.805 | 7.361 | |
| Single Family | 1.483 | 1.529 | 1.575 | 1.858 | 1.226 | 1.396 | 1.143 | 1.003 | 1.096 | 1.771 | 2.446 | |
| Commercial / Other | 1.589 | 1.584 | 1.579 | 3.350 | 3.347 | 1.368 | 1.156 | 1.111 | 1.152 | 3.034 | 4.915 | |
Texas property owners should protest annually since Most appeals are resolved with a reduction at the informal level.
Gregg County Property Tax Protests Resolved Informally
Gregg County property owners who file a property tax protest have three primary options to resolve their protest. These include the: 1) informal hearing, 2) the formal hearing (or appraisal review board), and 3) judicial appeal or binding arbitration. Most property tax protests are resolved at the informal hearing.
Home owners accounted for 19% of property tax protests filed with Gregg County Appraisal District in 2021.
GCAD Informal Settlements
The Gregg County Appraisal District cannot require an informal hearing. Most property owners attempt to settle during the informal hearing. In some cases, they agree to the initial value after seeing the appraisal district’s evidence.
This means that they stop their journey to protest right there. However, there is more that property owners can do. By settling at the informal hearing, a property owner is waiving their right to continue the property tax appeal. Property owners not satisfied with the offer at the informal hearing can continue to the appraisal review board hearing, and even to a district court lawsuit.
Resulted in Reduction Through Informal Process Gregg CountySource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Thousands | ||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | ||
| Total Number | 1.552 | 1.776 | 1.999 | 1.471 | 1.314 | 1.174 | 0.793 | 0.529 | 0.908 | 1.473 | 2.038 | |
| Single Family | 0.748 | 0.830 | 0.912 | 0.757 | 0.590 | 0.526 | 0.432 | 0.324 | 0.464 | 0.744 | 1.023 | |
| Commercial / Other | 0.804 | 0.946 | 1.087 | 0.714 | 0.724 | 0.648 | 0.361 | 0.205 | 0.444 | 0.730 | 1.015 | |
Texas property owners should protest annually since It is the world’s safest wager. No cost and a 60% chance of savings annually.
Gregg County Informal Hearing Reductions
The Gregg County Appraisal District accounts that received a reduction at the informal hearing are illustrated below. Informal resolution rates vary sharply from county to county.
Gregg County home owners settled 1,003 of the total 726 protests for houses with the Gregg County Appraisal District at the informal hearings level. 324 (32%) of the informal settlements with Gregg CAD had a reduction.
Percent That Resulted in A ReductionSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Percent | ||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | ||
| Total Number | 50.520% | 57.050% | 63.380% | 28.250% | 28.730% | 42.470% | 34.490% | 25.020% | 40.390% | 30.660% | 27.690% | |
| Single Family | 50.440% | 54.280% | 57.900% | 40.740% | 48.120% | 37.680% | 37.800% | 32.300% | 42.340% | 42.010% | 41.820% | |
| Commercial / Other | 50.600% | 59.720% | 68.840% | 21.310% | 21.630% | 47.370% | 31.230% | 18.450% | 38.540% | 24.060% | 20.650% | |
Texas property owners should protest annually since Errors in the appraisal districts records for your property often artificially inflate YOUR property taxes.
Gregg County % of Informal Hearings with Reduction
Gregg County Appraisal District makes massive adjustments to the total values during the informal hearing process for both residential and commercial. Given the large reductions in tax assessments and property tax values, it is surprising more homeowners do not appeal.
A large portion of Gregg County property tax appeals for houses were settled at the informal hearing. Gregg homeowners accounted for 47% of the 2021 informal protest settlements while commercial / other accounted for 53%. Gregg County Appraisal District settled 2,114 property tax protests informally in 2021. Success rates were 32% (had a reduction) for single family and 18% for commercial / other types of property.
$ Value Reduction From Informal ProcessSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Billions of $ | ||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | ||
| $ Reduction Total | 0.0853 | 0.1135 | 0.1418 | 0.1087 | 0.1450 | 0.0921 | 0.0608 | 0.0969 | 0.1331 | 0.2327 | 0.2231 | |
| $ Reduction Single Family | 0.0111 | 0.0135 | 0.0160 | 0.0120 | 0.0208 | 0.0081 | 0.0062 | 0.0151 | 0.0240 | 0.0426 | 0.0251 | |
| $ Value Commercial / Other | 0.0742 | 0.1000 | 0.1258 | 0.0967 | 0.1242 | 0.0841 | 0.0545 | 0.0818 | 0.1091 | 0.1901 | 0.1980 | |
Texas property owners should protest annually since Property taxes are the only type that can be negotiated based on subjective factors and judgment.
Gregg County Appraisal District $ Value Reduction From Informal Process
Property owners scored assessment reductions of $5 million for single-family and $28 billion for commercial / other in informal settlements with Gregg CAD in 2021. These informal settlements generated estimated property tax savings of $146,545 for home owners and $758,885 for owners of commercial / other property in Gregg in 2021.