Up almost 10% in CG. :-(
I think 2018 BCAD values are in
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Last: 5 yr ago by Law361
Property values in BCS have gone up. Not just the BCAD versions, the actual market value. It is a desirable place to live.
BCAD sends a letter to everyone that bought or sold a house, asking what was paid. Every response gives them data to calculate the current valuations.
I am of the opinion that property taxes are the worst taxation system in our country. But, at the end of the day the money would be gathered from income, sales, or some other tax. So when it comes to the property appreciation, in most cases it is the system doing its job. As messed up as the system is.
Don't get me wrong. I still protest every year.
What I don't understand is why we don't have a surplus. When valuations go up so significantly it should immediately (and automatically) trigger a reduced tax rate. Yet there was a tax rate increase. And we still have the hidden utility tax. And we still don't have a surplus, and further, everything I hear says we actually need to increase revenue even more to avoid shortfalls.
BCAD sends a letter to everyone that bought or sold a house, asking what was paid. Every response gives them data to calculate the current valuations.
I am of the opinion that property taxes are the worst taxation system in our country. But, at the end of the day the money would be gathered from income, sales, or some other tax. So when it comes to the property appreciation, in most cases it is the system doing its job. As messed up as the system is.
Don't get me wrong. I still protest every year.
What I don't understand is why we don't have a surplus. When valuations go up so significantly it should immediately (and automatically) trigger a reduced tax rate. Yet there was a tax rate increase. And we still have the hidden utility tax. And we still don't have a surplus, and further, everything I hear says we actually need to increase revenue even more to avoid shortfalls.
People like spending other people's money...Stucco said:
What I don't understand is why we don't have a surplus.
I sure wonder what magic computer program they use to determine appraised value!
All additional revenue and the infrastructure continues to lag way behind....Stucco said:
What I don't understand is why we don't have a surplus. When valuations go up so significantly it should immediately (and automatically) trigger a reduced tax rate. Yet there was a tax rate increase. And we still have the hidden utility tax. And we still don't have a surplus, and further, everything I hear says we actually need to increase revenue even more to avoid shortfalls.
This. My structure value actually went down 1.8%, but my land value increased by 44% this year. The land has been steadily increasing while the structure was making astronomical leaps in previous years. I guess when they figure out they can't keep making huge leaps on one they just switch to the other. Great algorithm...MeKnowNot said:
I sure wonder what magic computer program they use to determine appraised value!
Almost feel like I should be insulted.
Went down 1% in CG.
Went down 1% in CG.
My house in Castlegate is down 1%, as are most on my street. However, a couple of houses are up 10%, including the house next door to mine. They must just throw darts at a map when deciding appraisal values.
Looks like several areas in Pebble Creek are down 3%, but a few pockets in Pebble Creek are up 2-10%. Seems very random.
I got jacked 26%!!!
I sure would like to protest, but their online protest system has been down since yesterday. I have called twice and all they say is that they are working on it.
RGRAg1/75 said:This. My structure value actually went down 1.8%, but my land value increased by 44% this year. The land has been steadily increasing while the structure was making astronomical leaps in previous years. I guess when they figure out they can't keep making huge leaps on one they just switch to the other. Great algorithm...MeKnowNot said:
I sure wonder what magic computer program they use to determine appraised value!
The reasoning is on structure you can protest based on condition or structural issues but on land it is much harder to protest and to find comparables that will support a lower valuation.
Just a reminder there is now a cap on state a local taxes you can pay is $10k (SALT limits). Note this is also not indexed for inflation. So you not arguing your tax appraisal will only be more painful later in life. Also, just a reminder in case you were not already heated, the local utility is also taxing you (higher prices than the market price), you just don't get the benefit of claiming it on your federal tax deductions.
Thanks for that tip!rcannaday said:
Just a reminder there is now a cap on state a local taxes you can pay is $10k (SALT limits). Note this is also not indexed for inflation. So you not arguing your tax appraisal will only be more painful later in life. Also, just a reminder in case you were not already heated, the local utility is also taxing you (higher prices than the market price), you just don't get the benefit of claiming it on your federal tax deductions.
Also the whole hidden taxation on electricity in College Station is one of the main reasons I put in solar panels this year. Stickin it to the man!
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Did anyone's value change on BCAD? One of our rent houses was at 225 when this post came out and now it's at 180.5.
Indian Lakes appraisals went down.
Under state law they are not taxed.KidDoc said:
Yup last name search worked thanks!
Mine went up about 4%, not too bad I guess.
Anyone have experience with solar panels as an improvement? I had mine installed 2/2018 and didn't even think about it effecting my taxes.
Total appraisal went up $40k+. The land stayed the same just the structure itself went up. Total market value is $189,880 for about 1600 as feet. Houses with similar square footage are selling for $210k+.
So how does one protest when all the similar houses with around the same square foot are the same? Is there really a leg to stand on? I live in an older established neighborhood but haven't done $40k+ of improvements.
ETA: Went in a few years ago and was told I could only look at the same houses that were built in my same phase. Can I take the sq. Feet and home value and divide that to get the price per square feet and argue that? A house that is 200 as feet less than mine is coming out $10 cheaper per square foot than me.
So how does one protest when all the similar houses with around the same square foot are the same? Is there really a leg to stand on? I live in an older established neighborhood but haven't done $40k+ of improvements.
ETA: Went in a few years ago and was told I could only look at the same houses that were built in my same phase. Can I take the sq. Feet and home value and divide that to get the price per square feet and argue that? A house that is 200 as feet less than mine is coming out $10 cheaper per square foot than me.
Yes.Quote:
Can I take the sq. Feet and home value and divide that to get the price per square feet and argue that?
You are not allowed to protest one or the other individually, just the combined value.JP76 said:RGRAg1/75 said:This. My structure value actually went down 1.8%, but my land value increased by 44% this year. The land has been steadily increasing while the structure was making astronomical leaps in previous years. I guess when they figure out they can't keep making huge leaps on one they just switch to the other. Great algorithm...MeKnowNot said:
I sure wonder what magic computer program they use to determine appraised value!
The reasoning is on structure you can protest based on condition or structural issues but on land it is much harder to protest and to find comparables that will support a lower valuation.
Rental property in College Hills. It is brutal. 53% increase in past 4 years. I can't keep up with rent increase so probably going to cash in and sell. It will be interesting if I can sell for what they have appraised.
They may need to re-evaluate after the school board shenanigans. I guarantee every neighborhood zoned for consol just lost value and the others went up. I want my discount.
I guarantee you're wrong.
Explain again what's wrong with Consol?
Explain again what's wrong with Consol?
FJB
Nothing except people think there's something wrong with it. And, it's dumb to zone the farthest neighborhoods to it.
It's also completely stupid to take the neighborhoods that are right by Consol and zone those kids to CSHS. Both schools are fine, but if you live right by one, you should not be zoned for the other one.
I think one of the main problems is how much they keep rezoning. Realtors can't accurately tell someone what schools a house will be zoned for if it's going to change every year.
When I was growing up, none of my schools was ever rezoned. The only time there was a potential change was when we moved to a slightly different neighborhood, it was in the zone of a different elementary, but my sister was going to be starting her last year at elementary (and I was in junior high by our old elementary), so they let her finish elementary at the same school.
I think one of the main problems is how much they keep rezoning. Realtors can't accurately tell someone what schools a house will be zoned for if it's going to change every year.
When I was growing up, none of my schools was ever rezoned. The only time there was a potential change was when we moved to a slightly different neighborhood, it was in the zone of a different elementary, but my sister was going to be starting her last year at elementary (and I was in junior high by our old elementary), so they let her finish elementary at the same school.
That is insane. They really need to either cap the appraisal values or reduce property tax rates.
Is there a special tax assessment break that builders get? And I am not referring to homes that aren't finished, rather these are move-in ready inventory homes for sale. Why is it that homes which were completed in 2017 that are still owned by the builder, are CAD assessed $30-40k (about 15%) less than the same floorplan down the street, also completed in 2017, but was purchased from the builder in January 2018?
When we moved here, we used a buyer's agent. Even so, we never assumed that school attendance zones were part of their purview. But, we came from a different experience than yours so perhaps that drove our research.
That was part of the whole rezoning- - if they fill up the undercapacity school, they can delay bonding (which can raise your tax rate.) School Districts make up a large share of your property tax.
Our house is assessed just shy of double from its value when we moved here. Can't decide whether to be happy or angry...
That was part of the whole rezoning- - if they fill up the undercapacity school, they can delay bonding (which can raise your tax rate.) School Districts make up a large share of your property tax.
Our house is assessed just shy of double from its value when we moved here. Can't decide whether to be happy or angry...
Oogway said:
When we moved here, we used a buyer's agent. Even so, we never assumed that school attendance zones were part of their purview. But, we came from a different experience than yours so perhaps that drove our research.
That was part of the whole rezoning- - if they fill up the undercapacity school, they can delay bonding (which can raise your tax rate.) School Districts make up a large share of your property tax.
Our house is assessed just shy of double from its value when we moved here. Can't decide whether to be happy or angry...
It's good if you plan to sell and buy something cheaper. It's bad if you plan to live there a long time as you get no real benefit for having your house valued that high. Higher taxes is all you get. I guess you could also get a big home equity loan if you are into being in debt but want to pretend you have lots of money.
It is about who you know....Also, some builders will use local lawyers and assesment companies and fight for each and every single property (thus they win and you don't). But if that is true just use those as comps (get enough of them) and go in and fight.
Lol, no. Do not want or need an equity loan. We will downsize even further when we are empty nesters.
Last year I went in for an informal meeting and was denied any changes because I only needed to look at the phase of the neighborhood my house was built in.
I created a spreadsheet of the phase 4 houses (didn't research them all yet) built in my neighborhood and took the "Assessed Value" and divided it by the Square Footage. Out of about 60ish houses about 90% are under what my house is per sq foot. Some of the houses are smaller, the same or larger than mine. There's been no improvement added to the outside of the house this year.
So is this something that is protestable? Protesting the price per sq foot?
Thanks!
I created a spreadsheet of the phase 4 houses (didn't research them all yet) built in my neighborhood and took the "Assessed Value" and divided it by the Square Footage. Out of about 60ish houses about 90% are under what my house is per sq foot. Some of the houses are smaller, the same or larger than mine. There's been no improvement added to the outside of the house this year.
So is this something that is protestable? Protesting the price per sq foot?
Thanks!
It's your hard earned money going to taxes. So, that is a personal decision.snaglepuss said:
Should a 10% increase be disputed? Will it do any good?
If you are happy paying the taxes and with the services provided, then do not protest.
But if you are under the impression that there is frivolous spending or poor management of your tax dollars, then yes, protest. And participate in every vote. Contact your elected officials that take responsibility for the government budgets.
"The buck stops here" - Harry S. Truman
If this is the case for your house then it is easy to get the same rate. Simply get those property numbers and have the appraisal office run it again with those as comps. It will be very easy.Megj416 said:
Is there a special tax assessment break that builders get? And I am not referring to homes that aren't finished, rather these are move-in ready inventory homes for sale. Why is it that homes which were completed in 2017 that are still owned by the builder, are CAD assessed $30-40k (about 15%) less than the same floorplan down the street, also completed in 2017, but was purchased from the builder in January 2018?
Just a reminder that if the taxing entities abopt anything higher than the effective rate(which will be publish after the tax rolls are certified) they are raising you taxes. They may tell you other wise that they keep it the same as last year but with the rising valuas their wrong. The effitive rate is calculated by the appraisal district to give each taxing entity the same revenue as the previous year. Also if they tell you to blame the appraisal district their also wrong. The taxing entities elect the board of the CAD meaning they are responsible for the city, isd, county are responsible for the rising valuations.