Market Value up $134,000 and Appraised Value up 10%. w t fudge.
This is in the Heights.
This is in the Heights.
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w t fudge.
This is in the Heights.
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My appraised value went up $36,000, and an almost identical house two doors down just sold for about $65,000 less than that number after sitting on the market for around 7 months. I have heard horror stories about the protest process. Do y'all think they will actually take some real numbers into consideration?
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Sounds like most of us are in the same boat.
My market price is up $115K. Appraised maxed at 10%. The difference between my market and appraised is over $150K. I dont think its worth the fight for me.
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I am a new homeowner in Oak Forrest and dealing with this crap for the first time...quick question/wisdom seeking:
I bought the house in 2014 for $325k. I filed for homestead in January 2015 since the house already had homestead in 2014 (never heard anything back, but I guess I didn't expect to). The appraised value went up $145k to $370k and the market went up $68k to $370k.
I assume my best course of action is to just protest it back down to purchase price? Any other tips or ideas? How do I know I have the homestead exemption in place?
quote:What about next year? I'm a large gap as well but will protest the market in hopes of not hitting the cap in the years following.
Sounds like most of us are in the same boat.
My market price is up $115K. Appraised maxed at 10%. The difference between my market and appraised is over $150K. I dont think its worth the fight for me.
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Thanks Ranger and drumboy...that's what I figured.
My exemption type does say residential homestead, however it has said that since I purchased the house. I guess I just want confirmation my application was received and approved and that the homestead is now under my name.
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I'm afraid this is going to hurt the housing market. People are going to begin getting gun shy over what their tax bill will possibly look like a couple years down the road(not to mention what it looks like now), and be willing to spend accordingly. Additionally, i think you'll see more inventory start showing up in the areas hit the hardest where older folks live that arent willing/able to pay ~$30k ptax bills yoy. Those houses will sit until they're priced at levels the earlier mentioned folks decide to start buying.
They should've tapered down the increases this year.
quote:It's already started and this will accelerate it IMO.quote:
I can almost guarantee you that unless there is a major downturn that we will see the same in 2016.
quote:quote:What about next year? I'm a large gap as well but will protest the market in hopes of not hitting the cap in the years following.
Sounds like most of us are in the same boat.
My market price is up $115K. Appraised maxed at 10%. The difference between my market and appraised is over $150K. I dont think its worth the fight for me.