Electrical_Ag said:
c-jags said:
stallion6 said:
Tax appraisal is becoming a racket. The county appraisers are illegally in the MLS and are increasing about 10% every year. It is getting time to address politically.
I kinda get it being the racket that it is. We don't have state income tax and a host of other taxes other states have. Part of that is what I really like about our system. I can be filthy rich and buy a house well below my means.
State, cities, and schools only recourse are property taxes and bonds. I'm not going to pretend like the current trend is honest or above board. I hate it, but I get it.
I'd rather them put the onus of the taxes on people moving in from out of state than current citizens, but that's a F16 thread.
I read an article last year where the appraiser said property here was significantly undervalued and they were just trying to get it where it should be. Whatever man. This is Bell County, not Travis.
Unless I'm mistaken, they started bringing in appraisers from Williamson and Travis County.
An anecdotal story. When we did our remodel in Northside last year, we had to do an appraisal beforehand. We bought our house in 2009 for about 100k right after the market bottomed out. 2500ish sq feet, but very dated. We've made some improvements for sure, but we figured it would appraise for maybe $120-130k.
Guy came in from Round Rock and appraised it at almost $200k as it was. Completely ridiculous. It was great for the purpose of our remodel, but I was floored at that amount.
Our mortgage guy said that was what was happening all over the place as we've been having people from Austin area do these appraisals and say that we're undervaluing our market. As you said, this is Bell County. Not Travis. I stay in Temple because it's not Austin, SA, Dallas, or Houston. I choose less amenities because I don't want the big city. Don't charge us for big city life.
I'm pretty sure that 2022 state elections will have this on the docket for both sides.