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Property Tax Appraisals 2022

33,373 Views | 273 Replies | Last: 5 mo ago by rodan85
birdman
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JP76 said:

The only leg you really have to stand on is if the other surrounding houses in the neighborhood have lower value on BCAD per sq ft than your property or the other similar size lots have a lower lot value on BCAD versus yours. I've heard stories of people going to protest and they will ask do you think your house will sell for more or less than what the appraisal district has it listed for? If your answer is lower you had better have comps to back it up bc I know of one case where they pulled out recent comps that showed bcad's numbers we're indeed lower than what the current market is. Just be prepared if you choose to fight and make sure you have the numbers with evidence to back it up.

There is a second tactic.

Check the appraisals for local politicians, appraisal board members, etc. Lots of times you'll see them getting favors. Everybody in town goes up 30% to 50%, except for them.

It's not a like pulling the comps, but it's damn effective. You'll see them squirm immediately.
Corn Pop
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birdman said:

JP76 said:

The only leg you really have to stand on is if the other surrounding houses in the neighborhood have lower value on BCAD per sq ft than your property or the other similar size lots have a lower lot value on BCAD versus yours. I've heard stories of people going to protest and they will ask do you think your house will sell for more or less than what the appraisal district has it listed for? If your answer is lower you had better have comps to back it up bc I know of one case where they pulled out recent comps that showed bcad's numbers we're indeed lower than what the current market is. Just be prepared if you choose to fight and make sure you have the numbers with evidence to back it up.

There is a second tactic.

Check the appraisals for local politicians, appraisal board members, etc. Lots of times you'll see them getting favors. Everybody in town goes up 30% to 50%, except for them.

It's not a like pulling the comps, but it's damn effective. You'll see them squirm immediately.


I've never tried this. Could someone try it and please report back?
oklaunion
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birdman said:

JP76 said:

The only leg you really have to stand on is if the other surrounding houses in the neighborhood have lower value on BCAD per sq ft than your property or the other similar size lots have a lower lot value on BCAD versus yours. I've heard stories of people going to protest and they will ask do you think your house will sell for more or less than what the appraisal district has it listed for? If your answer is lower you had better have comps to back it up bc I know of one case where they pulled out recent comps that showed bcad's numbers we're indeed lower than what the current market is. Just be prepared if you choose to fight and make sure you have the numbers with evidence to back it up.

There is a second tactic.

Check the appraisals for local politicians, appraisal board members, etc. Lots of times you'll see them getting favors. Everybody in town goes up 30% to 50%, except for them.

It's not a like pulling the comps, but it's damn effective. You'll see them squirm immediately.
My neighbor did this last year and when he started pulling out the info on those board members, they stopped the proceedings and instructed him to discontinue. When he refused, they escorted him out. In their defense, I think he did begin to make some threats. He is usually very mild mannered but this time of year, he changes.
jwhitlock3
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iisanaggie said:

Ours is still listed as N/A, but everyone else on our street is posted. We think it has something to do with our protest last year before the board.
Also still showing N/A and I protested last year to the board.
EliteElectric
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from Chuck Konderla Saturday-

Quote:

When I started this journey, I promised you that I would work to solve complex issues with viable solutions.
As you are well aware, it has been quite the week regarding property valuations in Brazos County and across the State. Nearly everyone that I have spoken to has seen double-digit increases in their valuations which will significantly affect their property tax bill.
The question is whether there is a way to reduce or offset the impact of the valuation which in turn will reduce your tax bill.
The short answer is yes. There absolutely is a way. And, it can be found in the Texas tax code.
Under Texas law, school districts are required to offer a $25k exemption on residence homesteads reducing the property's assessed value by $25k for the school district portion of the tax bill (which will increase to $40k if Prop 2 passes in the special election being held today)
However, the Texas Tax Code also has a provision that allows "Any taxing unit, including a city, county, school district, or special district, to have the option of deciding locally to offer a separate residence homestead exemption of up to 20 percent of a property's appraised value, but not less than $5,000." Tex. Tax Code 11.13(n)
Although the County has approved an over 65 homestead exemption, there is no general homestead exemption.
By acting on the optional homestead exemption provision, the County has an opportunity to provide immediate tax relief to the taxpayers.
Friday morning I took my findings and presented them to the County Judge. He readily agreed that this should be researched and taken into consideration.
I will formally request consideration by the full commissioner's court at the next meeting
oklaunion
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Or each taxing entity could just lower the rate to cover their projected expenses.
Aggie@state.gov
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AG

Check the appraisals for local politicians, appraisal board members, etc. Lots of times you'll see them getting favors. Everybody in town goes up 30% to 50%, except for them.

It's not a like pulling the comps, but it's damn effective. You'll see them squirm immediately.


If you have actual evidence of this, i'm sure we on texags would like to hear it.........
SARATOGA
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Lets review some basic economics...

In a market environment, there has to be a seller and a buyer, and IF the seller and buyer can agree to a price for goods or services, then a transaction takes place.

If they ask you "what do you think your house would sell for?"

DO NOT ANSWER THIS QUESTION.

If your house is not for sale, then it doesn't matter. There is no market, because there is not a seller. The price can only be speculated, not based upon anything except the actual item.

Then if the comps are in your favor, use those. If they are not, benchmark with features (they have _____, I don't have _____, they have _______, I don't have ______)

FIGHT !

(my value still not posted)

Thisguy1
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I'm only seeing one exemption and it's a 25k for Bryan ISD. We filled out all the paperwork for the homestead exemption when we bought the house 3 or 4 years ago. Shouldn't it be on there or does that just mean there's a cap?
histag10
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AG
Just because I got curious about the whole "powerful people don't increase at the same rate" thing, someone want to explain how Don Adam's 22,000 sqft house decreased in appraised and assessed value since 2011?
happyinBCS
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and only an 9% increase in his bank property over the last 10 years
histag10
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AG
happyinBCS said:

and only an 9% increase in his bank property over the last 10 years


He essentially has his own gated subdivision in Miramont that is literally just his property on an otherwise empty street. There is no way that property decreases in value. A $3.5 mm 22k sqft home on 9 acres IN the city limits in a desirable neighborhood on a private gated street in 2011 should be valued WAAAAY more than that now, not less.
EBrazosAg
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AG
So how does that all compare to similar residential and commercial property during the same time ? That would be the informative comparison, not to a 6 figure residential property. Or a 7 figure one.
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
histag10
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AG
A house across the road from him in Miramont over doubled in the last 4 years from around 750k (appears to be built in 2018 so this is first value other than land) to 1.68m for 2022.

I'd say Adam is not be assessed the same as his neighbors...
EBrazosAg
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AG
That's not a equal comparison. What's the delta on the 2 properties ? 10x ? More ? That isn't a comp. I'm not saying it is or isn't fair. But it's a difficult comp. Any appraiser would tell you that.
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
histag10
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AG
EBrazosAg said:

That's not a equal comparison. What's the delta on the 2 properties ? 10x ? More ? That isn't a comp. I'm not saying it is or isn't fair. But it's a difficult comp. Any appraiser would tell you that.


I truly don't believe you will find any comp for his property anywhere near here.
EBrazosAg
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AG
Therefore the weakness in your implication. Not saying it is fair. But you can't complain about comps when there are none. You can complain about the system or the process. But not honestly about the comps.
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
histag10
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AG
EBrazosAg said:

Therefore the weakness in your implication. Not saying it is fair. But you can't complain about comps when there are none. You can complain about the system or the process. But not honestly about the comps.



Okay... land comps. His land value on 9 acres has only gone up 5k in 10 years. In town. In a desirable area. Land value is pretty easy, as most of it is about the same in the same areas, right? Nope. The property across the road from him increased over 250k in that time span (land value alone), and is considerably smaller. Hell, even the value of my land, north of Bryan, has increased WAY more than his has (percentage and amount).

While you may not be able to find a comp for his home/improvements, land value is easy.


But also- can you find any other home or property of an average citizen that decreased in value since 2011 in Brazos county?
EBrazosAg
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AG
That wasn't your original complaint nor my answer. Stay honest in your argument….your are just throwing out distractions now. You can't honestly complain about comps if there aren't any …. Either admit that or come up with a complaint that follows a different logic …
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.
histag10
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AG
EBrazosAg said:

That wasn't your original complaint nor my answer. Stay honest in your argument….your are just throwing out distractions now. You can't honestly complain about comps if there aren't any …. Either admit that or come up with a complaint that follows a different logic …


What the hell are you even talking about? Someone else made the claim that politicians and people in power often don't see their properties assessed values increase at the same rate as everyone else. So I looked up a powerful person in the community and verified that theory. You are the one randomly going on and on about comps. So I pointed out that while there is no comp foe his improvements on his land, there are certainly comps for his land value- and his land value isn't going up at the same rate as everyone else's either.
happyinBCS
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maybe you should contact the Texas Tribune since you seem to speak about them
woodiewood1
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EBrazosAg said:

That's not a equal comparison. What's the delta on the 2 properties ? 10x ? More ? That isn't a comp. I'm not saying it is or isn't fair. But it's a difficult comp. Any appraiser would tell you that.
For Mr. Adam's home you would use a cost approach to appraise the property. You could also use do a sales comp approach and use a somewhat smaller home but on larger acreage and adjust accordingly.
Law361
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AG
I called this morning, and they said my appraisal would be mailed on May 31 since I protested last year.
woodiewood1
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One thing that a lot of people don't consider if the are paying PMI insurance. Get it dropped if you can.

Reappraise your home if it has gained value
In a hot real estate market, your home equity could reach 20 percent ahead of the loan payment schedule. In this case, it might be worth paying for a new appraisal. If you've owned the home for at least five years, and your loan balance is no more than 80 percent of the new valuation, you can ask for PMI to be cancelled. If you've owned the home for at least two years, your remaining mortgage balance must be no greater than 75 percent.
Appraisals for a single-family home typically cost between $250 and $500, depending on your area. Some lenders might be willing to accept a broker price opinion instead, which can be a substantially cheaper option than a professional appraisal. On the flip side, professional appraisals are highly regulated and provide an unbiased assessment.
Who this affects: Borrowers who live in areas that are particularly red-hot might have seen their home values shoot up in the last couple years. In fact, the value might have increased enough to bump you out of the PMI range. If this is the case, it's time to talk with your lender about getting a new appraisal and potentially cancelling your PMI requirement.
If you've added amenities or renovated your home, that might have increased the value, as well, which could also mean more equity. Whether it's a renovated kitchen, replacement windows or an extra room, common upgrades like these can increase your home's value. If you cross the 20 percent equity finish line in the process, then you can kick PMI to the curb.
histag10
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AG
How, exactly, does PMI affect your tax appraisal?
cavscout96
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AG
It doesn't, but it would impact your monthly out of pocket.

If your taxes are escrowed, your payment goes up because your taxes went up. If you are paying PMI, and can drop it, it can potentially offset the increase, to some extent.
woodiewood1
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histag10 said:

How, exactly, does PMI affect your tax appraisal?
Sorry I confused you. Everyone is posting how their home costs are going up due to annual property tax increases. I assumed that if I posted a possible way that they could lower their home costs via eliminating the PMI that they are paying monthly people would understand.

I guess I was wrong.

Anyway, if you are paying PMI, check with your lender to see if you can get an appraisal that costs around $500 to $600 and get your PMI dropped. You would make up the appraisal cost quickly.
histag10
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AG
Yes, it will lower your payment, but people still have a right to be upset by the government taxing us out of our homes, which is the issue here. I would assume 95% of people know you can have PMI removed once your LTV is at or below 78%.

Maybe I missed where people were complaining about house payments going up and looking for ways to lower them. I was 98% sure most on here were upset that our local appraisal board thought these increased would be appropriate, and I think we can all agree that we hope they will lower the tax rate based on the absurd increase in assessed values (mostly) across the board.

Your comment about PMI just seemed slightly out of place to me in a thread where people are upset at the local government.

But I appreciate the patronizing comment. I'm sure it was as helpful as you thought it would be.

Edit to add- I'm not so concerned with my house payment going up because of taxes, as I am taxes going up because of appraisal. Removing PMI will help offset that for 1 year, but your taxes will continue to increase every year, at what is a seemingly alarming rate. So next year, when bills go up again, the answer can't be to remove PMI again (and for what it's worth, I don't pay PMI)
JP76
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You never truly own your home. You will always be paying rent to the govt to live there.
jwhitlock3
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Law361 said:

I called this morning, and they said my appraisal would be mailed on May 31 since I protested last year.
Great info, thanks!
AggiePlaya
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AG
Law361 said:

I called this morning, and they said my appraisal would be mailed on May 31 since I protested last year.
I wonder why they are delaying those that protested?
aggiepaintrain
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AG
I protested and won last year and got mine with everyone else

spike427
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AG
Apparently if you bought a house 8 months ago, in 2021, they will not lower your value to what is stated on the closing documents. I haven't heard of them fighting you on sales price before!
histag10
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AG
spike427 said:

Apparently if you bought a house 8 months ago, in 2021, they will not lower your value to what is stated on the closing documents. I haven't heard of them fighting you on sales price before!


So I guess they didn't ask what someone would pay for your home?
RGRAg1/75
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AG
aggiepaintrain said:

I protested and won last year and got mine with everyone else



Same
 
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