Collin County — texaspropertytaxappeal.com

Protest Deadline: May 15, 2026 (40 days left)

501 FORMBY DR

This property may be over-assessed.

Estimated annual tax savings
$1,896
Based on assessment gap vs. neighborhood median
Your $/sqft
$281
Neighborhood median
$224
Appraised value
$508,396
% above median
25.0%
Heated area
1,812 sqft
Year built
2008

Comparable properties in your neighborhood

These homes are similar to yours and assessed lower per square foot.

Address Sqft Year Market Value $/Sqft Diff
509 FORMBY DR 1,812 2008 $477,346 $263 -$17
517 FORMBY DR 1,867 2008 $488,557 $262 -$19
100 LANSDALE DR 1,820 2006 $484,592 $266
901 GOLDEN BEAR LN 1,781 2009 $471,965 $265
9313 FENWAY DR 1,811 2008 $425,837 $235
9409 HARRELL DR 1,817 2008 $427,209 $235

🔒 4 more comparable properties available in your evidence packet

How we calculated this

We compared your property's assessed value per square foot ($281/sqft) against the median for your neighborhood ($224/sqft). Your property is assessed 25.0% higher than typical homes nearby.

If the appraisal district adjusted your value to the neighborhood median, you could save approximately $1,896 per year in property taxes based on the Collin County effective tax rate.

We identified the 6 most comparable homes — matched on square footage, age, quality, and location — all assessed at lower $/sqft values.

What you'll receive

📋

Filing Guide

Your exact deadline, required forms, and step-by-step Collin County filing process

📊

Evidence Packet

Full comparable sales analysis with 6 properties, assessment discrepancy calculation, and maps

✉️

Cover Letter

Pre-written appeal letter with hearing talking points, ready to sign and submit

This decision compounds

Year 1
$1,896
Year 2
$3,792
Year 3
$5,688

That’s a 116× return on $49

Get your protest packet

One-time fee · No recurring charges · You keep 100% of your savings

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Protest deadline: May 15, 2026 (40 days left)