I'm up 3% over last year, but my value / sq foot is $30 higher than my next door neighbor. Looks like I'm protesting.
Up 1.7% in 77345. But I also got an excess escrow refund of nearly $1k and my 20-21 payment is going down for some reason.aTm2004 said:
+3% in 77345. Asshats.
Be careful when you're looking at law firms to represent you. There's two 'gotchas' the law firms use. The first is that if they can't lower your rate they'll give you a $50 gift card. It gets a lot of people in the door, but it means jack crap in the face of a multihundred dollar increase in taxes when your case doesn't pan out.CoachRTM said:
I think it's time to finally start fighting back with someone other than my wife and myself.
Last year we did hours of research and had a rock solid case for our house to stay as is, but they basically completely disregarded it and stayed with the 13% increase.
Any recommendations on who to use to fight this for us?
I looked at the values of all 51 homes on my street and mine is the highest cost/sf and exactly $50 more/sf than the average. I may have figured out why mine contiues to go up year after year despite protesting it. I spoke today with BR Lawson and he discovered that the renovation of my 1964 home that happened in 2014 (3 years before I bought it) is listed as a "Complete" renovation with the County. At least half the homes on my street are renovated, but he said they are all listed as "Extensive" renovation. Complete is defined as renovated down to the studs. Extensive is defined as new finishes, wall changes in a couple rooms, etc. Mine definitely falls into the Extensive category. He's going to fight to get that changed. He indicated that this typically accounts for a 20% - 30% higher appraised value over my neighbors.TexAg2001 said:WTH. Mine are up 8.5% in 77096. We protested (and won) last year, getting a 6% drop, but they've added all that back and then some!miley said:
Down 9.3% in 77096
That's essentially what I'm going to do with it. I fund my mortgage payment through a bank account with that institution, which is different from the institution for my primary checking/savings account. First time I've gotten a refund. Usually they are short and have to charge me extra to play catch up.aTm2004 said:
You probably hit the limit they can keep, so the mortgage company probably did an escrow analysis and saw you're paying too much, so they adjusted your payment down and refunded you some of the excess. I had this issue with my first house back in '08 and I swore I would never escrow again, and haven't. Any "extra" stays in savings and has created a pretty decent egg for any future repairs we'll need.
txags92 said:
Market value +34% in 77084
Appraised value +10%
Land value +140%
Improvements +8.4%
Looks like it is time for a protest...
I may have a bit of a trump card because we live near a mosque that typically buys every house that pops up for sale for whatever the asking price is. It isn't anything nefarious, they just have a lot of members that would like to be able to live within walking distance of the mosque, so they buy and then flip them to the people on the waiting list they have. I am thinking of going to them with the "market value" as an asking price and when they turn it down, use that as proof that it isn't really market value. If they don't turn it down, we will have sold the house for about $70k over what I thought we could get for it and we can go buy in a buyers market over the next few months.Mr. McGibblets said:txags92 said:
Market value +34% in 77084
Appraised value +10%
Land value +140%
Improvements +8.4%
Looks like it is time for a protest...
Good luck with getting your land reduced. One way the CAD holds value is increasing the land. They know their appraisers will not reduce it and they also know the ARB won't reduce it bc it will create a domino effect with properties surrounding it. Unless you have a closing statement for vacant land(which sometimes doesn't even work) your land is not going to change.
Your value will more than likely be this years land value plus last years improvement value.
Jubally can give you that information.txags92 said:
Except that it isnt a "random third party" buyer. I believe the last 4-5 sales made on our street were all purchased by that buyer for the asking price. So when it comes to our street, they ARE the recent market. But I do agree with you that I would need more than just that to try to justify it. My request to them prior to the protest would be for them to provide the recent nearby sales of residential land on which they are basing the 140% increase in appraisal.
Quote:
Element...Details:
Cost and Design...Partial
You are correct. Mine says "Total" for Cost and Design. Also states "Excellent" for both Cond / Desir / Util and Physical Condition. My neighbor's house, which I feel we most compare to, shows "Extensive" Cost and Design and "Very Good" for the other categories.Diggity said:
I argued the same thing on my place. It makes a big difference. Each one of those categories adds a different multiplier to the calculation. If you can drop it from a .7 to a .5 (making up numbers) it's a large (and most importantly permanent) difference.
I believe you are categorized as "total" rather than "complete"
Yes, but have you "caught up" to the market value yet?Aggie09Derek said:
Up 10% in 77019
Will be contesting - market hasn't gone up at all.
Diggity said:
From my old buddy at Jubally:
How hard are is it to get From "Extensive" for Cost and Design to Partial? I went down 4% from last year but My assessed is $16/sqft more than theirs and Both our homes are renovated similarly. Is there a way to protest this?