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Closing statement
Yes, you should be able to get the value you paid with your closing statement.
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Closing statement
quote:as the other said, you can protest yourself and just bring your closing statement to the informal. it'll probably take you 10 minutes
First time home buyer, would appreciate any thoughts on my situation.
contracted on a house (new build) in shady acres in July 2013 @439.9k
moved in/closed June 2014
hcad value increased to $556k
i know now there has been significant appreciation in the area but I don't think I could sell for this much. I refinanced my house in March and it was valued at ~$520k
should i bother hiring a company to protest? Should I go in and show my closing statement? Show the recent appraisal? Happy to use a 3rd party but don't want to if I already have what I need to lower and avoid paying 50%.
any advice would he appreciated.
quote:That's exactly what I did to 'em Ags!quote:
Closing statement
Yes, you should be able to get the value you paid with your closing statement.
quote:Yes. You have to think long term.
Mine went up 18% but is capped at 10% because of homestead exemption. Is it worth it to protest, even if I can't get the value below the capped amount?
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Why would 6 of the house on my street be pending (including mine) while the other 11 have values posted?
quote:It does, and that's the problem. You might as well just tell them you you don't want an informal at all if you use iSettle.
I thought iSettle counts as the informal?
quote:I have been told that if you call and ask, they'll let you do an informal even if you do iSettle and don't like your results.
I thought iSettle counts as the informal?
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iSettle would be a pretty good dating website name.
quote:You're not the best...quote:
iSettle would be a pretty good dating website name.
Charlie Robison could sing the TV commerical jingle.
quote:iSettle can be done from your PC. It takes about 30 seconds and is very unlikely to yield any decent results. That doesn't mean you shouldn't start there. You will then, likely, be notified that your protest could not be settled electronically and that you have the option of the informal (FACE TO FACE) hearing with a representative of the district. This is where you should bring all your evidence (the FIRST time), including your HUD statement if recent purchase price is your argument. Once you've unsuccessfully protested through the informal hearing, you will have the option of scheduling a formal hearing with the review board (three "public representatives" and a representative of the district)....hth.quote:I have been told that if you call and ask, they'll let you do an informal even if you do iSettle and don't like your results.
I thought iSettle counts as the informal?
Haven't tried it myself so don't hold me to that.
quote:lets say your market is 400k and your tax assessed is 300k... if you try and fight and get the mkt down to 330k then your set up well for next year going forward. but if you dont fight it, then next year your tax goes up to 330k, then 366k then 400k...you need to think long term.
All the property tax dispute companies say that you only pay if they reduce your taxes, which is based on estimated taxes by applying last year's tax rate to the "assessed value." However, my notice from HCAD has only a market value and appraised value. What is my assessed value? I don't want to pay someone to reduce the market value if it is still above the capped 10% increase from last year because I wouldn't actually save anything.