Holy crap. My house value went up 50k. Someone needs to share that good **** they are smoking.
Kick-R said:
If I purchased this property last year and immediately got the homestead exemption, am I still limited to 10% over the previous owner's value?
goatchze said:
Weird, everyone's values in my neighborhood are posted except me and one other neighbor.
What neighborhoods in CS?Quote:
Both houses in CS:
1. $233k (2021) to $307k (2022), 32% increase.
2. $193k (2021) to $264k (2022), 37% increase.
They revalue every year but the value is capped at a 10% increase for tax purposes. If you have a $200,000 house that the value goes up to $260,000, they will only consider it valued at $220,000. The next year it could go up from $220,000 to $242,000. The gap usually closes over a few years.Koko Chingo said:
Can someone explain HS Cap Loss in as far as what it means in future years?
For two years in a row I have an amount in HS Cap Loss and my mom has a pretty big amount in hers this year. She is the one I am most worried about.
For example, if there is $30k in HS Cap Loss, that amount will get keep getting factored into future assessments? - - As long as the new appraisal does not exceed 10% and/or until the all of the $30k has been applied?