Can someone here explain the 'adjusted sales price' that HCAD uses in their calculations for property valuation?
I had my formal tax appeal today. I came in with a list of every 2015 house sale in my neighborhood (about 30 total). I explained how every house on the list had more bathrooms than me and almost all were bigger. I also explained the extend of our 'renovation' (countertops). the HCAD panel proceeded to value my property higher than every single house on the list by 10% which equated to a per-square-foot rate of 140% of the average. WTH?? I asked several times for an explanation of the adjusted sale price in a voice and tone nicer than I afford my grandma and they just kept saying my time was over and to leave....
TIA
I had my formal tax appeal today. I came in with a list of every 2015 house sale in my neighborhood (about 30 total). I explained how every house on the list had more bathrooms than me and almost all were bigger. I also explained the extend of our 'renovation' (countertops). the HCAD panel proceeded to value my property higher than every single house on the list by 10% which equated to a per-square-foot rate of 140% of the average. WTH?? I asked several times for an explanation of the adjusted sale price in a voice and tone nicer than I afford my grandma and they just kept saying my time was over and to leave....
TIA