Up over 9% in 77008
Makes sense, esp. in our area. I might be willing to sell for one of these exorbitant prices, ha.agnerd said:It's extremely difficult to protest the valuation of the land, much easier to protest the structure. So they're basically taking away your ability to protest and to lower your taxes, probably because rich people are paying exorbitant prices for tear down houses so they can build their mansions in a desirable area.Echoes97 said:
77006 here.
Mine is weird this year, up just 1.6%. However, my land value went up 5.66%, and my House/Improvement went down 68.36%?? Seems jacked up, nothing was done plus or minus to the house this year, and it's old as crap. I don't think the valuation is super far off, just seemed weird with the proportions this time around.
Yep, and it is a teardown so like I say it makes sense. It's not a complete sheethole but it's old and I don't think anyone would want to sink the $$$ into completely renovating it.Diggity said:
Sounds like they're starting to value your place in the "teardown" territory. What % of total value is the land now?
HCAD is "usually" pretty accurate with their land value estimates in areas where it's more material (but not always).
Thanks.JJxvi said:
If it says any value for 2021 then thats the value. It'll say Pending otherwise
TexAg2001 said:
77096. 2021 appraisal is exactly same as 2020.
Does that mean it is unchanged or they just haven't updated 2021 yet? I don't remember if it says "Pending", "Unavailable", etc if the 2021 value isn't available yet.
Yes, your appraised value would be capped at $440k.bbr4132 said:
My HCAD appraised value went from $400k in 2020 to $490k in 2021. I purchased the property in November 2019 for $450k. I have not yet applied for the homestead exemption, but will do so in the next couple weeks.
As I understand it, once approved, the homestead exemption is retroactive to 2020 and a refund for the difference will be issued for the 2020 taxes. What I don't understand is, since the appraised value was $400k in 2020, will the 10% cap on appraised value change the 2021 appraised value from $490k to $440k?
bbr4132 said:
My HCAD appraised value went from $400k in 2020 to $490k in 2021. I purchased the property in November 2019 for $450k. I have not yet applied for the homestead exemption, but will do so in the next couple weeks.
As I understand it, once approved, the homestead exemption is retroactive to 2020 and a refund for the difference will be issued for the 2020 taxes. What I don't understand is, since the appraised value was $400k in 2020, will the 10% cap on appraised value change the 2021 appraised value from $490k to $440k?