I own a condo, and I got the new property tax bill today.

The value of the structure value went went up from $65,860 to $83,240. The total value with the land (rated at $20k - that remained the same) went from $85,860 to $103,240.

That's like a 26% increase.

Isn't there a limit that your value can go up in 1 year? I thought I remembered reading that on a previous thread here on the forum

Anything else nearby sell? That can make a difference

Yes, other units in the complex have sold recently.

But for them to raise me 26% in 1 year? Wow!

Protest. Go on record. And you can protest forever, IF you do it the first year it happens

Yes, but I did that protest before, years ago. And had no luck. They probably raised each and every unit the same amount.

I may protest - I was just wondering if there was a limit on the increase. That was gonna be 1 of my reasons to protest.

It's not just you.

https://texags.com/forums/35/topics/2945377

Ok, thanks. They hit every unit in the complex for the same amount. I guess I don't have a prayer

MisterShipWreck said:

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I own a condo, and I got the new property tax bill today.

The value of the structure value went went up from $65,860 to $83,240. The total value with the land (rated at $20k - that remained the same) went from $85,860 to $103,240.

That's like a 26% increase.

Isn't there a limit that your value can go up in 1 year? I thought I remembered reading that on a previous thread here on the forum

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If it has a homestead exemption it is supposed to be capped at 10% increase.

I did not live there as of Jan 1, 2017 (it was a few weeks later). I checked, and I cannot claim the exemption until this year. So, I am stuck, apparently