I have a friend whose appraisal on his property went up 50%.in appraised value. He has owned the property for 15 years. The tax office said that they are reevaluating neighborhoods over the next years. His tax appraisal for the past eight years has gone up right at 10%.
I thought that your tax appraised value can't go up more than 10 percent plus the value of any improvements and that they can "catch up" from the past.
Anyone have any knowledge of why they can go up that much.in one year?
I thought that your tax appraised value can't go up more than 10 percent plus the value of any improvements and that they can "catch up" from the past.
Anyone have any knowledge of why they can go up that much.in one year?