Anyone have advice on protesting property tax increases for a recently purchased home?

Appraised value went from 540K to 700K...

likefunny
Posting as :
works at
You are currently posting as works at

I mean...if you paid $750K seems there is a pretty strong case for arguing that indeed the value of the house moved up substantially. Now, if I recall correctly, on the bright side - your property tax can’t raise more than 10% every year after first post-purchase adjustment.

like

That is only valid if you have a homestead on the house.

I mean you purchased it for 750k, why is this so surprising?

likesmart

Oh come on now - taxes are things that OTHER people need to pay, not OP

funny

Didnt you consider this when you bought your home ? If you can’t afford it , sell it

likefunny

It will continue to go up, Texas is California 2.0

like

If you paid 750, what is there to complain about it coming in at only 700?

like

Did you purchase it for less than $700k recently? If so, it's an easy fix to show them what you actually paid. If not, you'll need convincing recent comp. sales.

PWC1

I believe you are correct on the 10% rule. OP should verify, but this might be an option.

I also believe that appraisal value differs from market value, hence why in today's market, the appraisal value of homes is often lower, sometimes much lower, than the market value it sells at.

like

Agreed on the 10% part ^^

Depends on when you bought and filed for homestead exemption. If it was over a year ago, your appraised value can only go up 10%

I protested mine last year successfully. Follow the instructions on the form. It will help you a lot if you can find comparable homes in your area that sold recently at a lower price and put that on your protest.

Just hire a firm to do it for you. They take a contingency fee on whatever they save you. I have been using https://www.ray-tax.com

Related Posts

Anybody has experience investing with collective2 (C2)?

like

Best ETFs to hold for the long run? Thinking of VGT but may be too narrow focused

like

My company only offers a high deductible with FSA which I opted into, can I open a HSA on my own? If yes which company do you recommend ?

To those of you who have NRE and NRO account in Axis bank - do you pay an annual charge every year for your ‘Debit Card’?

like

Should I bother with a hardware wallet for 5k USD worth of coin? What is a secure wallet good for beginners? I've read that coinbase is not a true wallet. Forgive my newb questions

like

Best places to take real estate classes in NYC? Also what’re some good companies to try to connect with?

like

What are good healthcare stocks to invest in?

like

Anybody out there have any tron (TRX) coins? If so, what are your thoughts? Thanks in advance!

like

600k cash, 250k/ yr TC, would you pay off a one bed condo and be mortgage free? Or mortgage additional 300k to get a 2 bedrooms?

like

Of SOL, DOT, MATIC, LINK, JASMY, AVAX, GRT, UNI, ALGO — which coin do you think has the highest percent gains earning potential in the next year and why?

like

Thinking about investing in real estate in Bangalore. Any thoughts on what would be good areas? I am evaluating a few options in Electronic City (phase-1) What other areas should I consider? Less than 1 Cr budget.

anyone in here strictly.service 401K plans on the independent side? how much can you make on that realistically with a medium size AUM book being currently managed? trying to determine if meetin..

like

#off topic

I am moving to gurgaon and my office is in Sector 33.
So Is it easy to get 1RK in Sector 33 or near by?

And what will be the rent approx?
TIA

like

When your ENTIRE bonus (except for 45 cents and taxes) goes toward your student loans. #millenialproblems

like

I don’t see VTSAX as an option on my employer 401k offering. They have VEMPX and VIIIX, would splitting the investments between these two lead to similar outcome as VTSAX? Or should I choose one over the other? TIA

like

What’s a good app (like Xoom) to send money back home?

Worth it to put more than 100k into my Wealthfront account? This will activate Wealthfront's direct indexing capabilities

like

Cryptocurrency
Crypto
Cry

likefunnyuplifting

Recently bought a house in Austin, TX. I’m thinking about renting out some bedrooms to help cover mortgage. What would be a good place to find roommates/tenants?

like

More Posts

I can’t manage to get my hands on a PS5 😭

like

Those who left consulting to industry - how do you find making friends at work? I find it much harder. I feel like this is something that needs to be considered in the tradeoff as well.

Thoughts?

like

whats the variable payout usually happens in TCS? I have two components monthly and quarterly?

Is it 100% assuming that I am tagged to a project for entire duration?

like

Does anyone here earn interest on Voyager? Any thoughts on the platform? Are they deserving of our trust?

like

Coming from outside Big Law - what's the market salary for a 5th year RE Associate at an AmLaw 200 firm (that is very close to breaking into AmLaw 100)?

like

Anyone ever done a plasma eye lift or fibroblast? What was your experience like?

like

Has anyone travelled to Turkey? Do you recommend a guided tour or rent a car and do everything on your own?

like
like

My brother wants to Resign from GLOBALLOGIC after 1.5 month of joining. He is currently in training period. So would he need to serve notice period or not?

like

How much do M&A Tax MDs and Partners make at non-B4 firms?

Sergio out at Racing Point. Not too surprised but feel bad for the guy. Where does he land? Haas? Alfa?

like

Hey! Does anyone know the email addresses of current recruiters at WK or Droga in NYC?

like

There's a coworker at my office who always has bad breath. He often comes over to talk to me and I try to make sure to keep a little distance because it honestly is the worst smell imaginable. Really nice guy, but it's ongoing and really hard to bear. How do you handle this?

likefunny

How's the projects of Ruby On Rails in Nagarro? Should I join as Senior Ruby On Rails developer for Bangalore Location in Nagarro?

like

What is the max package offered for lead level role and my technology stack is oracle apps dba with 9yoe?

like

Biggest fashion faux pas you've ever made .... or seen?

like
like

#Reposting

How is the Statutory Audit profile in KGS? Is there opportunities for learning?

Someone please reply.

like

Has anyone ever used BriefCatch for drafting motions, memos, etc? My writing isn’t teririble but I definitely could use some help. Curious if it’s worth the money.

like

Additional Posts in The Dallas Bowl

Any good place to take spouse on lunch date in Dallas?

like

Recommendations for GP/family doc between downtown and Addison, near 75 or Tollway? Details inside.

like

Is Dallas a transient city, or do a lot of people lay down roots and stay? I'm ready to settle down a bit and I'm wondering if it's the right move for me

like

Biggest differences between Dallas and Austin?

like

Does anyone know of apts that lease monthly or do 3 month leases?

like

Anyone here Jamaican?

uplifting

Anyone in the Frisco area...is the TexasFest Dallas - FRISCO still happening today?

like

What are the best ER and best Hospitals to go to for regular emergencies in Dallas?

like

Anyone got any quick thoughts on this list of apts? Moving down in Spring, would like a local sense of how these places are, which to avoid, etc..

Modera Hall Street, MAA Meridian, Skye of Turtle Creek, Bell Knox District, Vue Greenville

like

Does Dallas own any snowplows? Just staring out my window at I-35 and watching cars run into medians. Not trying to be condescending, curious if they have any because I’ve never seen one.

funnylike

Hey! I am coming down for work next month. I’m not going to have a ton of time, but what should I see? I am also thinking about buying a house down there, so please let me know the good neighborhoods. I don’t have kids, I work from home, love quiet neighborhoods, no need to be close to downtown.

like

Best office in dfw consulting firm and why?

Hi folks, any hotel recommendation with a nice jacuzzi?