If it says "Residential Homestead," then we're good to go?
Are you in Harris County?stroodles said:
Anyone able to answer a few questions for me? My house has the residential homestead exemption, no work was done last year, and yet my appraised value increased nearly 29%. The increase in taxes is going to be painful if I can't get the 10% cap.
struzick at gee mail - if anyone can help or is willing to answer a few questions.
Yes - Harris CountySooper Jeenyus said:Are you in Harris County?stroodles said:
Anyone able to answer a few questions for me? My house has the residential homestead exemption, no work was done last year, and yet my appraised value increased nearly 29%. The increase in taxes is going to be painful if I can't get the 10% cap.
- if anyone can help or is willing to answer a few questions.
Are you sure it was the appraised value and not the market value that increased 29%?
Were there any improvements made in 2015 that HCAD is aware of?
Prices of new and used homes in Harris County have increased substantially in recent years. In order to prevent sharp increases in home property taxes from year to year, Texas voters in 1997 approved a constitutional amendment, which became effective January 1, 1998, to limit increases in the taxable value of a qualified residence homestead. To qualify, property must be your residence homestead, and you must have received a homestead exemption in your name in both the current and previous years.stroodles said:
Are they allowed to do that? At what point are they not allowed to go back?
I take this section to mean they can only consider something a new improvement if your improvement was made after the last time they increased market value AND they must have not included it. IE both of those things must be true. If they have increased the number they are calling "market value" in the last couple years, they have reappraised your house since you made improvements.Quote:
(e) In this section, "new improvement" means an improvement to a residence homestead made after the most recent appraisal of the property that increases the market value of the property and the value of which is not included in the appraised value of the property for the preceding tax year. The term does not include repairs to or ordinary maintenance of an existing structure or the grounds or another feature of the property.
htxag09 said:
Anyone hear back from jubally?
I have an "Excellent" caseCru said:htxag09 said:
Anyone hear back from jubally?
We should be live for Harris as of this afternoon. We haven't sent out notifications just yet, however.
Bondag said:I have an "Excellent" caseCru said:htxag09 said:
Anyone hear back from jubally?
We should be live for Harris as of this afternoon. We haven't sent out notifications just yet, however.
Seems to be the case for me! No increase in market value (since the 20% increase last year). According to Jubally, I can knock 24k back off! Doing God's work!Cru said:Bondag said:I have an "Excellent" caseCru said:htxag09 said:
Anyone hear back from jubally?
We should be live for Harris as of this afternoon. We haven't sent out notifications just yet, however.
We love years when hcad doesn't raise values everywhere. If they could, they would. When they don't, that generally means comp values are defined against them.
Got mine this morning too. Land values did not rise in Brooke Smith, they just did yours incorrectly. They should valuate the second lot at 50% like they've done in the past. Should be an easy protest.MAS444 said:
Ours finally came out in Brooke Smith. Way up again. Our land went up by 1/3 and improvements up a little too.
Whittled down to improvement valuation up 18%agnatgas said:
77079
Land valuation flat
Improvement valuation up 70%
There were no changes to the structure last year. We partially redid a bathroom the year before.
Wife is an Aggie said:
Just got mine from Ft Bend CAD.
I bought my house late 2015. 2016 assessed value only rose 6.4%, but that number was still 3.4% less than my purchase price and 6.1% less than the appraisal that was done when I bought.
2017 rose only 0.4% over 2016. Pleasantly happy so far, especially considering my property tax % also reduced a little bit this year.
AgLA06 said:
Jubally says I have an excellent case based on 10 comparable properties and 4 recently sold for the market value. Does it matter that I bought in 2015 for slightly more than my market value or am I F'ed?