Gregg Property Tax Appeals Save $1 Million Per Year
Gregg property tax appeals saved Gregg County property owners over $1million in 2021. Gregg County Appraisal District establishes the initial value. Owners can protest market value and unequal appraisal. Tax protests generate large savings in Gregg. Informal hearings saved owners $905 million in 2021, formal hearings (ARB) saved owners $445 million in 2021 and lawsuits saved owners $83 million. There is no cost to file an appeal. Most property tax appeals at Gregg County Appraisal District are successful (0 are successful).
Total Value Reduction, Informal HearingsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Millions of $ | |||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| $ Total Value Reduction | 85.27 | 113.51 | 141.75 | 108.72 | 145.01 | 92.15 | 60.76 | 96.93 | 133.11 | 232.69 | 223.11 |
| Single Family Residential Reduction | 11.09 | 13.54 | 15.99 | 12.03 | 20.80 | 8.07 | 6.21 | 15.12 | 24.02 | 42.62 | 25.12 |
| Commercial / Other | 74.18 | 99.97 | 125.76 | 96.70 | 124.21 | 84.08 | 54.54 | 81.82 | 109.09 | 190.07 | 197.99 |
Texas property owners should protest annually since The value cannot be raised during the protest, based on 2019 legislation.
Gregg County Property Tax Savings from Administrative Appeals
The Gregg County Appraisal District and the Gregg County Appraisal Review Board (ARB) work with property owners and property tax consultants to correct the errors in the initial property tax values. Informal hearings are between an appraisal district appraiser and a property owner or tax consultant (if you don’t want to do it yourself). A three-member ARB panel hears cases not resolved informally and some of the cases that go to the ARB end with a judicial appeal, binding arbitration or a SOAH (State Office of Administrative Hearing).
You can’t get a reduction unless you file an appeal. If you do not feel comfortable doing it yourself, you can turn to O’Connor and we will be glad to help.
Gregg County property tax protests for home owners accounted for 16% of the tax assessment reductions in informal hearings while commercial / other properties accounted for 84% of the reductions in informal hearings.
GCAD Informal Hearings
The Gregg County Appraisal District property tax assessment reduction is shown in the following graph. Believe it or not, most people do not appeal their property tax assessment. However, most of those that protest, see reductions in their property taxes.
Total Value Reduction, Formal ARB HearingsSource: 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 | |
| $ Total Value Reduction | 0.012 | 0.014 | 0.004 | 0.004 | 0.004 | 0.010 | 0.007 | 0.016 | 0.063 | 0.114 | 0.060 |
| Single Family Residential Reduction | 0 | 0.001 | 0.002 | 0.001 | 0 | 0.001 | 0.001 | 0.002 | 0.002 | 0.004 | 0.003 |
| Commercial / Other | 0.012 | 0.013 | 0.002 | 0.003 | 0.004 | 0.009 | 0.006 | 0.015 | 0.061 | 0.110 | 0.056 |
Texas property owners should protest annually since You can’t evaluate the strength of your appeal until you obtain the hearing evidence file. You have to protest to obtain the hearing evidence file (available free upon request via U.S. mail).
GCAD Formal ARB Hearings
The graph you see shows the Property tax assessment reductions for the Gregg County Appraisal Review Board hearings.
Formal ARB hearings from commercial / other properties reduced their property tax assesments by $11 MM in 2014 and $14 million in 2021.
Tax Savings, Informal HearingsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Millions of $ | |||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| $ Total Value Reduction | 1.79 | 2.38 | 2.98 | 2.28 | 3.05 | 1.94 | 1.28 | 2.04 | 2.80 | 4.89 | 4.69 |
| Single Family Residential Reduction | 0.23 | 0.28 | 0.34 | 0.25 | 0.44 | 0.17 | 0.13 | 0.32 | 0.50 | 0.90 | 0.53 |
| Commercial / Other | 1.56 | 2.10 | 2.64 | 2.03 | 2.61 | 1.77 | 1.15 | 1.72 | 2.29 | 3.99 | 4.16 |
Texas property owners should protest annually since Not appealing is used against property owners in the subsequent years since “you agreed to the value” (by not protesting).
Estimated Total Property Tax Informal Savings
Here you can see the Total Gregg County Appraisal District property tax savings for informal and formal hearings. This does not include property tax savings from judicial appeals, binding arbitration and State Office of Administrative hearings.
It is your right to manage taxation for the benefit of you and your family. Annual property tax appeals are effective. Property taxes are the most significant tax in Texas.
Gregg County single family owners reduced their property taxes by $146,545 from informal hearings in 2021 versus $758,885 in tax savings from informal hearings for commercial / other. Informal tax savings for all Gregg property owners from informal tax protests totaled $905,430 in 2021.
Tax Savings, Formal ARB HearingsSource: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Millions of $ | |||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| $ Total Value Reduction | 0.25 | 0.30 | 0.08 | 0.08 | 0.09 | 0.20 | 0.14 | 0.35 | 1.32 | 2.39 | 1.25 |
| Single Family Residential Reduction | 0.01 | 0.02 | 0.04 | 0.02 | 0 | 0.01 | 0.02 | 0.04 | 0.04 | 0.09 | 0.07 |
| Commercial / Other | 0.25 | 0.28 | 0.03 | 0.06 | 0.08 | 0.19 | 0.12 | 0.31 | 1.27 | 2.30 | 1.18 |
Tax Savings, Formal ARB Hearings
Gregg County property owners reduced their property taxes by $445,123 in ARB hearings in 2021. This includes property tax savings of $47,073 for single family and $398,050 for commercial property (see bottom table).
Total Tax Savings (Informal & Formal)Source: Texas Comptroller, compiled by O’Connor, and not affiliated with any appraisal district.
| Millions of $ | |||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| $ Total Value Reduction | 2.04 | 2.68 | 3.06 | 2.36 | 3.14 | 2.14 | 1.42 | 2.39 | 4.12 | 7.28 | 5.94 |
| Single Family Residential Reduction | 0.24 | 0.30 | 0.38 | 0.27 | 0.44 | 0.18 | 0.15 | 0.36 | 0.54 | 0.99 | 0.60 |
| Commercial / Other | 1.81 | 2.38 | 2.67 | 2.09 | 2.69 | 1.96 | 1.27 | 2.03 | 3.56 | 6.29 | 5.34 |
Total Tax Savings (Informal & Formal)
Gregg County property owners achieved substantial savings through the informal and formal hearings. Gregg County property owners reduced their 2021 property taxes by $1 million by through protests to Gregg County Appraisal District / ARB. This total includes both informal and formal / ARB hearings, but does not include litigation. Tax savings were split $193,618 for single family and $1 million for commercial / other.