Grayson County — texaspropertytaxappeal.com

Protest Deadline: May 15, 2026 (41 days left)

501 WATER ST

This property may be over-assessed.

Estimated annual tax savings
$1,436
Based on assessment gap vs. neighborhood median
Your $/sqft
$182
Neighborhood median
$119
Appraised value
$159,294
% above median
53.0%
Heated area
876 sqft
Year built
1946

Comparable properties in your neighborhood

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

Address Sqft Year Market Value $/Sqft Diff
506 COLLEGE ST 782 1940 $82,220 $105 -$77
116 BOSTON ST 724 1950 $128,494 $177 -$4
104 OTIS ST 936 1940 $96,584 $103
206 BUCHANAN ST 948 1955 $114,923 $121
415 W SOUTH ST 1,036 1940 $130,249 $126
726 N UNION ST 1,008 1930 $152,832 $152

🔒 4 more comparable properties available in your evidence packet

How we calculated this

We compared your property's assessed value per square foot ($182/sqft) against the median for your neighborhood ($119/sqft). Your property is assessed 53.0% higher than typical homes nearby.

If the appraisal district adjusted your value to the neighborhood median, you could save approximately $1,436 per year in property taxes based on the Grayson 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 Grayson 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
$1,436
Year 2
$2,872
Year 3
$4,308

That’s a 88× 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 (41 days left)