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Posted: 4/20/2017 2:30:07 PM EDT
[#1]
I feel your pain. We tore down the house we lived in for 13 years (withe the homestead exemption caps for those years) and are rebuilding on our lot. I'm going to add some money to our escrow account to cover the KY when the tax bill comes in after the reappraisal.
 
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Posted: 4/20/2017 4:02:07 PM EDT
[#2]
Quoted:
House got appraised for a 53% increase in value from last year. I love Texas, but these appraisal districts are shit. Pure shit. Carry on. Thats so they can tax you more. I did a simple online protest and I saved some money. |
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Posted: 4/20/2017 9:32:41 PM EDT
[#3]
They really need to do something about property taxes in this state.
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Posted: 4/20/2017 10:33:36 PM EDT
[#4]
No homestead exemption?
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Posted: 4/20/2017 11:06:37 PM EDT
[#5]
Quoted:
House got appraised for a 53% increase in value from last year. Just as a guesstimate, what does Zillow say about the before and now value. Mine has increased about 63% there in the last 6 years. Current value seems on par with the local homes selling very quickly. Tax district has raised everyone in the neighborhoods taxable value up to max. Did it myself before and did good, sourced the protest out this year. |
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Posted: 4/21/2017 12:04:08 AM EDT
[#6]
All you have to do is protest the value. If you have actual comparable sales supporting your claim then you are set.
I'm in the industry. PM me if you want me to get some realtors to produce those comps for you. It'll be free since you're an arfcommer. 
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Posted: 4/21/2017 1:29:20 AM EDT
[#7]
Quote HistoryQuoted:
All you have to do is protest the value. If you have actual comparable sales supporting your claim then you are set. I'm in the industry. PM me if you want me to get some realtors to produce those comps for you. It'll be free since you're an arfcommer. |
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Posted: 4/21/2017 6:33:50 AM EDT
[#8]
Quoted:
House got appraised for a 53% increase in value from last year. I love Texas, but these appraisal districts are shit. Pure shit. Carry on. Your other method of protest is if your house is.....how to put this nicely.....in much worse shape or otherwise has something odd going on to make it less valuable. In which case you run comps, and then photograph the "issues" in your house to show why it's different, then protest. Protest on top of making sure the homestead cap is being applied. |
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Posted: 4/21/2017 6:38:46 AM EDT
[#9]
Quote HistoryQuoted:
They really need to do something about property taxes in this state. I'm not keen on a state income tax, but maybe a sales/consumption tax would be best. What I've read is that between a 11% and 16% sales tax (compared to the 8.25% it is now) would replace property tax. I would support that. |
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Posted: 4/21/2017 9:25:39 AM EDT
[#10]
Quote HistoryQuoted:
Agreed. I'm not keen on a state income tax, but maybe a sales/consumption tax would be best. What I've read is that between a 11% and 16% sales tax (compared to the 8.25% it is now) would replace property tax. I would support that. |
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Posted: 4/21/2017 10:19:35 AM EDT
[#11]
Homestead Assessed Value Maximum Increase:
A Texas county appraisal distict may not increase the appraised value of a homestead by more than 10% in a given tax year. The homeowner's property tax is based on the county appraisal district's appraised value of the home. Technically, a Texas homestead's assessed value is limited to the lesser of either its market value or the sum of the market value of any new improvements and 110% of the appraised value of the preceding year. The 10% increase is cumulative. Therefore, the maximum increase is 10% times the number of years since the property was last appraised. The 10% limitation on a Texas homestead is effective January 1st of the tax year following the first tax year the owner qualifies the property for a homestead exemption. The 10% limitaiton ends on January 1st of the tax year where the owner or the owner's spouse or surviving spouse no longer qualifies for the homestead exemption. I'd kindly tell my appraising district to fuck off. |
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Posted: 4/21/2017 12:59:06 PM EDT
[#12]
Quote HistoryQuoted:
Homestead Assessed Value Maximum Increase: A Texas county appraisal distict may not increase the appraised value of a homestead by more than 10% in a given tax year. The homeowner's property tax is based on the county appraisal district's appraised value of the home. Technically, a Texas homestead's assessed value is limited to the lesser of either its market value or the sum of the market value of any new improvements and 110% of the appraised value of the preceding year. The 10% increase is cumulative. Therefore, the maximum increase is 10% times the number of years since the property was last appraised. The 10% limitation on a Texas homestead is effective January 1st of the tax year following the first tax year the owner qualifies the property for a homestead exemption. The 10% limitaiton ends on January 1st of the tax year where the owner or the owner's spouse or surviving spouse no longer qualifies for the homestead exemption. I'd kindly tell my appraising district to fuck off. |
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Posted: 4/22/2017 6:27:58 PM EDT
[#13]
Call them up and tell them you will sell for the appraised value, and ask where you can pick up the check.
I was in DFW and they pulled that crap too. Told them i wanted a court date and was going to contest it. The next week they called back and lowered it over the phone,lol. Greedy bastards! |
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Posted: 4/22/2017 10:04:57 PM EDT
[#14]
Quote HistoryQuoted:
If you are homesteaded there should be a cap on the increase in the appraised value on which they can actually tax you. And absolutely protest it if the comps of recent sales in your 'hood support you. Got a realtor friend that can run comps for you? Your other method of protest is if your house is.....how to put this nicely.....in much worse shape or otherwise has something odd going on to make it less valuable. In which case you run comps, and then photograph the "issues" in your house to show why it's different, then protest. Protest on top of making sure the homestead cap is being applied. |
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Posted: 4/22/2017 10:13:49 PM EDT
[#15]
This is bullshit. |
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Posted: 4/22/2017 10:19:09 PM EDT
[#16]
Mine |
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Posted: 4/23/2017 5:17:28 AM EDT
[#17]
Quote HistoryQuoted:
Call them up and tell them you will sell for the appraised value, and ask where you can pick up the check. Quote HistoryQuoted:
Call them up and tell them you will sell for the appraised value, and ask where you can pick up the check. Quoted:
They really need to do something about property taxes in this state. |
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Posted: 4/23/2017 8:41:02 AM EDT
[#18]
Quote HistoryQuoted:
http://i1234.photobucket.com/albums/ff402/dilbertlooking/Property%20Taxes_zpsf5lbncrd.png This is bullshit. |
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Posted: 4/23/2017 10:17:42 PM EDT
[#19]
Quote HistoryQuoted:
Unless OP never filed the exemption... Quote HistoryQuoted:
Quoted:
Homestead Assessed Value Maximum Increase: A Texas county appraisal distict may not increase the appraised value of a homestead by more than 10% in a given tax year. The homeowner's property tax is based on the county appraisal district's appraised value of the home. Technically, a Texas homestead's assessed value is limited to the lesser of either its market value or the sum of the market value of any new improvements and 110% of the appraised value of the preceding year. The 10% increase is cumulative. Therefore, the maximum increase is 10% times the number of years since the property was last appraised. The 10% limitation on a Texas homestead is effective January 1st of the tax year following the first tax year the owner qualifies the property for a homestead exemption. The 10% limitaiton ends on January 1st of the tax year where the owner or the owner's spouse or surviving spouse no longer qualifies for the homestead exemption. I'd kindly tell my appraising district to fuck off. |
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Posted: 4/24/2017 7:32:32 AM EDT
[#20]
It is my understanding they can appraise it for what ever they want but they can only raise the amount you pay taxes on by 10 % a year.
Lets say you own a 100k house , the appraisal can go up to 150k or more but for this tax year you will pay tax on 110k next year 121k next year 133.1 K and so on till they fuck you for the full 50k. THEY DO THE DIRTY WORK for the taxing entities. They can double the taxes every 7 years or more. I have fought them for years and it seems like if you win they just take it back the next year. Recently we must have hit a stretch where they don't raise my properties too much and I don't complain. Last time I tried it was a total waste of time. when you live in one of the fastest growing counties in the US it is kind of hard to argue. |
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Posted: 4/27/2017 9:13:47 PM EDT
[#21]
Quote HistoryQuoted:
I have an idea for a property appraisal/tax system. You get to set your own appraisal value for your property, but you are required by law to sell it to anyone that offers you 20% more than the value you set. If you appraise your property for $200,000 and someone offers you $220,000 then you would be required to sell it. |
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Posted: 5/3/2017 8:46:13 PM EDT
[#22]
Can anyone suggest a good protest laywer (Houston Area)? I protested myself 2 years and clearly see the ARB is rigged. I have presented great comps, and found a math error in the comps the country provided...doesn't matter.
I want someone to mess with this for me, but don't want to deal with a shit company. Any suggestions? |
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Posted: 5/3/2017 10:50:27 PM EDT
[#23]
Quote HistoryQuoted:
Can anyone suggest a good protest laywer (Houston Area)? I protested myself 2 years and clearly see the ARB is rigged. I have presented great comps, and found a math error in the comps the country provided...doesn't matter. I want someone to mess with this for me, but don't want to deal with a shit company. Any suggestions? You are charged 50% of saved taxes. If your tax bill would have been $4000 but is now $3200, you have to pay O'Connor $400. If they do not reduce your taxes, you owe nothing. No fees or anything except 50% of actual savings. You can google reviews of them. Some people complain, but I have had no problem. Hope they reduce me this year, because this increase is horseshit. |
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Posted: 5/4/2017 9:10:34 AM EDT
[#24]
I've also used O'Connor and Associates for years with pretty good results..
http://www.poconnor.com/ |
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