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

I’m on day 4 without a drink. Finally decided I need to get my shit together. “Working on it” won’t cut it, just do it.

likeuplifting

anybody looking for a data person at the manager level in NYC ?

like

I got an offer from CBA India , I want to know the kind of work, work culture and hikes. Can I expect onsite after sometime? YOE- 6 years, Technology - Salesforce vlocity developer .

like

Guys I am 3rd year graduating Student, but having 2 years of experience in Angular Development, worked on 6,7,8,9 and currently working on version no. 10 of Angular.
I have completed 7 months in my current organization.
Here, there are a lot of politics going on.
I don't see my growth here.
What should I do ?
Should I wait for my graduation to complete i.e.(1 year) or I should look out for some other organization without wasting any time ?
What will be good for my career, to wait or leave ?

like

Welcome to the Salaries in STEM bowl! Please use this space to ask any questions you have - anonymously or not - about salary and compensation in the STEM industries.

like
like

Lately I’ve been feeling pay by bracket policy is very counter productive. When I came from my prev company, I had salary at the higher bracket due to market correction and novartis offer coinciding. Now after a couple of years, I see that people who were hired before or after me on a lower package have somewhat similar package as me cause of the pay brackets despite me performing better. Should I talk to my manager explaining my predicament? Or should I simply search for another job?

like

Hi fishes! Any insight on Amazon Inside Recruiting model, culture and work-life balance? Num of reqs load?

like

Can a buy side research analyst get fired for underperformance? Are there p&l metrics that make it volatile career choice, similar to PMs?

like

I’ve been sober for over 2 months! Feeling great about it. However, heading to an all inclusive resort tomorrow. I’ll be tempted however know that how I’m feeling now is much better than the temporary enjoyment and subsequent pain and suffering alcohol brings.

like

For those who are in the job market, what’s making you want to leave your current firm?

like

I have offer from KPMG and PWC. Which one should I join. Both are giving almost same offer. Please share your thoughts.

like

Hi all I'm looking for a referral to work for Thermo Fisher as a Project Manager. I have 13 years experience. Is there anyone who could help me out?

Volkswagen bowl ki sab machli marr gayi hain kya? Koi reply nahi karta yaha … ya sabko Soumi Alphons ne muh band rakhne bola hai

like

Blue Prism stock ($BPRMF) on the rise again, with seemingly nothing but good press. Does anyone have insight or a feel on the company’s prospects/plans for 2019?

like

Is anyone working on implementation projects in the circular economy space? Would really appreciate to learn more about you work!

like

What is Accenture’s stance on wfh whilst being abroad for a couple months in a year? Has anyone done it?

like

What jobs can I get with a bachelors in economics and 4 years of Accounts Payable experience?

like

Been in FDD for a year, want to move into IB (eventually, at least want to wait a few more months), but I’m not someone who has modeling skills. Best tips to improve? (Besides YouTube vids and what not).

like

Anyone here work for consumer companies in Toronto and open to sharing their experience?

like

Additional Posts in The Dallas Bowl

Hi any suggestions for good areas to buy a home? Looking for areas with good school districts and commutable to downtown

like

Not sure if this is the right place to ask this, but anyone down to grab coffee sometime? I currently work in Financial Services and am hoping to move into strategy in the near future

like

Buyer beware. Still looks good but not for the $120 paid..left out details, coloring was off, left off balls & stars. When I asked the manager why purple & blue were left out, they said it’s a filter

Post Photo

Moving to Dallas. Any neighborhood/apartment recommendations?

like

Considering a move to Dallas. Trying to pick a place to live. Weighing tradeoff between traffic and amenities. Job is in Plano West right off tollway...

Anyone know corporate banking associate/ senior associate salaries in Dallas? Would greatly appreciate any insight.

like

Hi Dallas Consulting Bowl - if anyone is interested in Accenture openings, please DM me. I’ve gone three for three in referrals in the last four months. I’m happy to help someone and keep this lucky streak going!

like

Need to get paint scratch fixed on car body. Any cheap options?

Gonna be working in arts districts starting next summer. would preferably live within walking distance of work but am also open to a 10-15min drive.

would a $1500 budget for within arts district and $1100 budget a few miles away for rent suffice (not including utilities, wifi, etc)? what are some apartment complexes or areas i should look into?

like

Thoughts on Credera as a firm?

like

Best CrossFit gym in Dallas for beginner?- relatively active male that played sports growing up. Battling through some injuries.

Will be in Dallas later this week, and I will have some free time to explore. What are some good things to do, preferably close to downtown.

like

How are the areas around white rock lake to buy an investment property? Any suggestions appreciated!

like

This stock market is killing me. Heavily considering leaving finance to go into consulting. I know things will bounce back eventually but the stress is actually taking a toll on my health

like
like

Anyone here have recommendations for a roofer who is competent and can pull together a quote with my insurance company?

Any thoughts on buying a house in Denton?

likefunny

How is Goldman Sachs Dallas?

like

Any single male 🐟🐠 want to meet up for coffee?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal