Up 18k here...
happyinBCS said:
As bad as it is for all of us it is going to be tough to win. Case in point the house down the street from me was up 11% and it just sold / closed in Feb. actual sold price was 28,000 more than the new CAD appraisal. They have access to MLS data and with Texas being a non disclosure state to me that is not fair. So of course never fill out the silly form on their website and that they mail to you asking for the price, they don't need it anyway because they have all the data they need in the MLS.
BrazosWifi said:
The Appraisal District does NOT have access to the MLS.
They can search real estate websites to check comps but they don't get access to the sale data. This leads to educated guesses of market values.
They err on the low side to be safe but they are required to be close (I forget the exact percentage) to market or face the state coming in and taking them over.
Source: a good friend who has worked there for ages.
JimInBCS said:
A case could be made that we'd possibly be better off if they did have access to MLS, if they would actually utilize the data properly and get the values more accurate. Perhaps that would minimize the wild fluctuations that seem to occur every year, and would help ensure some degree of fairness.
aggiepaintrain said:
unless the rules changed from last year the appraisal district absolutely had access to MLS, they love telling me all the sold comps in the ARB hearings I've attended
The head of the tax office told me they are not allowed access to MLS data as of a couple years ago. He was not happy about that.happyinBCS said:
As bad as it is for all of us it is going to be tough to win. Case in point the house down the street from me was up 11% and it just sold / closed in Feb. actual sold price was 28,000 more than the new CAD appraisal. They have access to MLS data and with Texas being a non disclosure state to me that is not fair. So of course never fill out the silly form on their website and that they mail to you asking for the price, they don't need it anyway because they have all the data they need in the MLS.
The MLS is owned and operated by a private association under the umbrella of NAR (National Association of Realtors) and is a private entity. There isn't and should not be access to any sold data without going through a member of the private association.BrazosWifi said:JimInBCS said:
A case could be made that we'd possibly be better off if they did have access to MLS, if they would actually utilize the data properly and get the values more accurate. Perhaps that would minimize the wild fluctuations that seem to occur every year, and would help ensure some degree of fairness.
One could dream. I'm not sure who grants access to the MLS but I am inclined to agree.
woodiewood1 said:The MLS is owned and operated by a private association under the umbrella of NAR (National Association of Realtors) and is a private entity. There isn't and should not be access to any sold data without going through a member of the private association.BrazosWifi said:JimInBCS said:
A case could be made that we'd possibly be better off if they did have access to MLS, if they would actually utilize the data properly and get the values more accurate. Perhaps that would minimize the wild fluctuations that seem to occur every year, and would help ensure some degree of fairness.
One could dream. I'm not sure who grants access to the MLS but I am inclined to agree.
The lawsuit has little if anything to do with disclosure of sales prices, but is targeted towards the requirement of seller's having to pay buyer's commissions.aggiepaintrain said:woodiewood1 said:The MLS is owned and operated by a private association under the umbrella of NAR (National Association of Realtors) and is a private entity. There isn't and should not be access to any sold data without going through a member of the private association.BrazosWifi said:JimInBCS said:
A case could be made that we'd possibly be better off if they did have access to MLS, if they would actually utilize the data properly and get the values more accurate. Perhaps that would minimize the wild fluctuations that seem to occur every year, and would help ensure some degree of fairness.
One could dream. I'm not sure who grants access to the MLS but I am inclined to agree.
which is why they are getting sued for being a cartel
I didn't fill my card out - they sent it 3 times. Yet, when I went there last year for something - they STILL knew exactly what I paid.... It doesn't matter - they still know.happyinBCS said:
As bad as it is for all of us it is going to be tough to win. Case in point the house down the street from me was up 11% and it just sold / closed in Feb. actual sold price was 28,000 more than the new CAD appraisal. They have access to MLS data and with Texas being a non disclosure state to me that is not fair. So of course never fill out the silly form on their website and that they mail to you asking for the price, they don't need it anyway because they have all the data they need in the MLS.
Mortgages are public records.MisterShipWreck said:I didn't fill my card out - they sent it 3 times. Yet, when I went there last year for something - they STILL knew exactly what I paid.... It doesn't matter - they still know.happyinBCS said:
As bad as it is for all of us it is going to be tough to win. Case in point the house down the street from me was up 11% and it just sold / closed in Feb. actual sold price was 28,000 more than the new CAD appraisal. They have access to MLS data and with Texas being a non disclosure state to me that is not fair. So of course never fill out the silly form on their website and that they mail to you asking for the price, they don't need it anyway because they have all the data they need in the MLS.
I closed in Dec 2016
The amount of the lien is on the DOT which is recorded at the courthouse, but there is no way to determine whether the borrower had 100% financing or put an amount down such as 3.5%, 5%, 10%, 50%, etc.techno-ag said:Mortgages are public records.MisterShipWreck said:I didn't fill my card out - they sent it 3 times. Yet, when I went there last year for something - they STILL knew exactly what I paid.... It doesn't matter - they still know.happyinBCS said:
As bad as it is for all of us it is going to be tough to win. Case in point the house down the street from me was up 11% and it just sold / closed in Feb. actual sold price was 28,000 more than the new CAD appraisal. They have access to MLS data and with Texas being a non disclosure state to me that is not fair. So of course never fill out the silly form on their website and that they mail to you asking for the price, they don't need it anyway because they have all the data they need in the MLS.
I closed in Dec 2016
happyinBCS said:
So how do you explain this .. my friend bought a house and paid cash with Texas being a non disclosure state the deed says 10 dollars and other valuable consideration and Zillow and all the other sites has the exact amount he paid to the penny
You can submit an open records request asking for a list of all the codes and descriptions.AggieAces06 said:
We are looking into the protest this year...
Does anyone know what the "Class CD" abbreviations mean? Example: Our's is RV6P and our neighbor's is RV5.
Is there anywhere this can be found? We can't find it on the appraisal website.
That doesn't seem right.woodometer said:
The appraisals are the smallest part of the problem. Unsustainable property tax increases will continue until the tax payers wise up and realize that every year when the taxing entities say the rate is staying the same that your taxes you pay are going up. Its like the taxing entities think they are doing us a favor. We have to start electing fiscally responsible local representatives. The electorate is very uneducated.