Also, if they do figure it out and think they can get away with it, they can remove the exemption for that portion by correcting the roll for the previous 5 years at the point they figure it out creating a possible unexpected decent sized bill.
HCAD 2016
63,783 Views |
455 Replies |
Last: 9 yr ago by Bassmaster
Jjxii is correct.
Bought last year. Applied for and received homstead exemption this year. I though the max increase in appraised value could be ten percent? My appraised value is up closer to 15 percent. Is this legit or can I protest?
No cap the year after it changes hands.
Up 7.5% in 77433.
Yep - that's how mine went +14.5%
+14.4% capped at 10
Ugh
Ugh
quote:I cannot understand their methodology. There are houses on our street that the market value went down. Ours increased way higher than what I could ever sale for at this point in time. Its bizarre and criminal IMO.
In 77018 as well, in the same situation you are in. Bought in 2014, appraised at sales price for 2015. Ours did not increase at all for 2016...
quote:quote:I cannot understand their methodology. There are houses on our street that the market value went down. Ours increased way higher than what I could ever sale for at this point in time. Its bizarre and criminal IMO.
In 77018 as well, in the same situation you are in. Bought in 2014, appraised at sales price for 2015. Ours did not increase at all for 2016...
Same in my hood. I have 8 comps that sold since Jan 2015. All but two of them have 2016 appraised values that are significantly more than the sales price (anywhere from 5-15 percent), yet the sales price was less than the 2015 value. IDK how the two who are under-appraised got so lucky.
For an agency that insists they are basing values on actual sales data, they sure do have a lot of it flat out wrong.
No change!
Bought 2013, 2014 protested and dropped to sales price. 2015, protested using Jubally after they tried to raise it 10%, got it lowered almost back to purchase price ($2k short).
No change this year because my market and appraised were the same already.
Bought 2013, 2014 protested and dropped to sales price. 2015, protested using Jubally after they tried to raise it 10%, got it lowered almost back to purchase price ($2k short).
No change this year because my market and appraised were the same already.
Not posted yet for me. My 2015 Market is $50k over appraised so I am not holding my breath. At least I should be able to protest market this year though.
10% market and of course appraisal increase in 77080. Bought in 2014, 2015 market/appraisal at just under purchase price as expected. That's ****ing bull****, no way we could get market price for it. Will definitely be protesting.
would it be less stupid if i told you i went in and helped them correct all the errors they had on file including incorrect rooms, square footage, even the sketch on file was not even close, etc when we bought the house?
its annoying simply because i know what i am going to get each year, and i don't dispute it.
its annoying simply because i know what i am going to get each year, and i don't dispute it.
Market stayed flat for mine in 77019, Appraised value up 10% and still hasn't caught up to the market value so doubt I'll be able to get anything reduced.
Townhome right next door to us is about to go on sale and is asking for 40k over my market value, so don't think comps are going to help either
Townhome right next door to us is about to go on sale and is asking for 40k over my market value, so don't think comps are going to help either
up 19.6% in 77095 and capped at 10%. This corner of the burb isn't booming. **** these guys
77379 - market up 12.7% - appraisal capped at 10% and last year the market was up 19.5% and capped at 10%. all total, since 2013, they say the value of my home has increased 48%. LAWL.
at this point, the appraisal value will never catch up to market, so i'm looking at perpetual 10% increases. double LAWL.
at this point, the appraisal value will never catch up to market, so i'm looking at perpetual 10% increases. double LAWL.
Up 11.5% in market value. Appraised value capped at 10%
I used jubally last year and thought I did decently for my first time. do we know when they'll have their stuff ready to go?
quote:So you went in and did what you are suppose to do if you see anything incorrect on your property.
would it be less stupid if i told you i went in and helped them correct all the errors they had on file including incorrect rooms, square footage, even the sketch on file was not even close, etc when we bought the house?
its annoying simply because i know what i am going to get each year, and i don't dispute it.
Congrats
So if you have a perpetual 10% increase every year by 10 years out your property value will have more than doubled which is laughable. How long can they keep that **** up?
Can anyone advise on new builds, as it relates to % increase? I'm assuming there is stipulation somewhere that states 10% no longer applies if going from lot value to standing value, just not sure where thats listed out.
quote:http://hcad.org/Help/CappedValuesFAQ.asp
Can anyone advise on new builds, as it relates to % increase? I'm assuming there is stipulation somewhere that states 10% no longer applies if going from lot value to standing value, just not sure where thats listed out.
quote:
What are new improvements?
New improvements generally involve improvements made to a property that were not pre-existing. An example of a new improvement would be a new swimming pool or a recent addition to your home. The enhanced value of a property due to the construction of a new improvement is considered in the succeeding and thereafter. This is true even if the year at issue was not one in which your property was formally reappraised. In determining the capped value for a property, improvements made due to routine service and maintenance are not considered new improvements.
77008
Mkt actually dropped .5% but appraised up 3.6% to catch up to mkt.
Mkt actually dropped .5% but appraised up 3.6% to catch up to mkt.
yeah it looked pretty clear when they finally let me view the sketch on file (after 20 minutes of neither of us being able to understand why things were so off) that the previously provided information wasn't even close to right. all fixed now and slowly (or rapidly depending on perspective) catching up.
anyway, your **** response based on my 4 word post was certainly warranted so maybe focus your friendly fire on someone who could actually use your help.
anyway, your **** response based on my 4 word post was certainly warranted so maybe focus your friendly fire on someone who could actually use your help.
**** HCAD. Contract put down in August and they valued higher than what I paid at closing in October. My neighbors are getting jacked up from 23% to 38% YOY. My house is 75 years old but recently remodeled and is coming appraised $28/sq ft higher than a 2 year old house and $94/ sq ft more than a house built in the same year but remodeled 9 years prior.
quote:If the transaction occurred in October, take them a copy of the sales contract and they should match the sales price. That's what they did when I bought my house.
**** HCAD. Contract put down in August and they valued higher than what I paid at closing in October. My neighbors are getting jacked up from 23% to 38% YOY. My house is 75 years old but recently remodeled and is coming appraised $28/sq ft higher than a 2 year old house and $94/ sq ft more than a house built in the same year but remodeled 9 years prior.
Holy ****! 77077 - Ashford Village: 30% increase on market and 10% on appraisal
We just bought the place in 2014, and got the increase limited to purchase price last year. Haven't made any improvements and the house is somehow now worth another $100k more!? How is that even possible!?
Will be reading through this thread for sure on tips for fighting this nonsense.
We just bought the place in 2014, and got the increase limited to purchase price last year. Haven't made any improvements and the house is somehow now worth another $100k more!? How is that even possible!?
Will be reading through this thread for sure on tips for fighting this nonsense.
quote:jubally.com
Holy ****! 77077 - Ashford Village: 30% increase on market and 10% on appraisal
We just bought the place in 2014, and got the increase limited to purchase price last year. Haven't made any improvements and the house is somehow now worth another $100k more!? How is that even possible!?
Will be reading through this thread for sure on tips for fighting this nonsense.
Only a 2% increase in market but a little more than 7% appraised to catch us all the way up.
77077
77077
quote:That's the easy part. Even if I get down to my August dated contract's sales price I'll still be assessed $80 / sq ft more than my neighbor whose original build is the same year and remodel year 9 years prior. My house is considered in good condition and their's average.quote:
If the transaction occurred in October, take them a copy of the sales contract and they should match the sales price. That's what they did when I bought my house.
quote:Condition is irrelevant when they consider what the market value is using a sales contract. Your purchase price is absolutely an indicator of the true market value. You would have to show that your market value went down in the three months between closing and January 1st.quote:That's the easy part. Even if I get down to my August dated contract's sales price I'll still be assessed $80 / sq ft more than my neighbor whose original build is the same year and remodel year 9 years prior. My house is considered in good condition and their's average.quote:
If the transaction occurred in October, take them a copy of the sales contract and they should match the sales price. That's what they did when I bought my house.
Anyone know when Ft Bend CAD will release 2016 values?
In 77018 I'm seeing my neighbors increase from 25-38%. The land is holding static but the residential living space is going up
quote:quote:jubally.com
Holy ****! 77077 - Ashford Village: 30% increase on market and 10% on appraisal
We just bought the place in 2014, and got the increase limited to purchase price last year. Haven't made any improvements and the house is somehow now worth another $100k more!? How is that even possible!?
Will be reading through this thread for sure on tips for fighting this nonsense.
quote:Uhhh, what? What the hell is so unusual about a single family 1/4 acre house near Westheimer and Kirkwood. Something must be wrong.
It looks like your property is a little unusual, but we're working toward being able to help you next year. For this year, we recommend you locating someone who can represent you and your distinct property. If you need a recommendation, please contact us and we will be glad to provide you one.
Not enough acceptable comparisons could be found for this property from either County or Sales records. Please understand that our comparable property constraints are tight, and a comparable property must match exactly or be within a Jubally defined range. Additionally, after adjustment are made, the comparable property must help you lower your value in order for us to use it to determine your vale.
Featured Stories
See All
LIVE from Blue Bell Park: No. 10 Texas A&M vs. Houston
by Richard Zane
7:33
2h ago
719
Take Five: Jordan Lockhart's go-to spots, favorite movies & more
by Richard Zane
60:48
19m ago
334
B-Team: Lone Star Showdown look back, answering baseball questions & more
by Ryan Brauninger