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Property taxes ...
#12761544
05/19/18 03:41 PM
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Joined: Sep 2005
Posts: 27,571
Uncle Zeek
OP
aka "Dad"
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OP
aka "Dad"
Joined: Sep 2005
Posts: 27,571 |
Well, got done at the appraisers office yesterday. Got decent results - my home value remained unchanged from the previous year, and was able to limit the increase on one rental house (was $208K last year and they wanted $270K this year. Agreed to $228K). The other rental house ended up with a very small increase (about $35 worth of tax for the whole year).
In a perfect world, all the houses would've been lowered. But, this is still likely a better outcome than going before the ARB. At least on the one rental house, I can increase the rent a bit to cover the additional taxes (~$40/mo). The other one can stay the same, as $35 a year is trivial.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate planning & tax attorney 2250 Morriss Road, Suite 205, Flower Mound, Texas 75028 972-746-0758 mobile zac@artimlegal.com
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Re: Property taxes ...
[Re: Uncle Zeek]
#12761552
05/19/18 03:50 PM
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Joined: Mar 2010
Posts: 25,839
T Bird
TFF Guru
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TFF Guru
Joined: Mar 2010
Posts: 25,839 |
I've also had much better success going 1 V 1 with county appraiser versus the ARB.
Okie by birth, Texan by choice. USAF "Thunderbirds" Alumni 1985-1989
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Re: Property taxes ...
[Re: Uncle Zeek]
#12761574
05/19/18 04:12 PM
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Joined: May 2009
Posts: 9,145
VIP Fishing
TFF Celebrity
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TFF Celebrity
Joined: May 2009
Posts: 9,145 |
Im glad my house is valued at a high value.
I do enjoy a good Squirt now and then.
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Re: Property taxes ...
[Re: Uncle Zeek]
#12761590
05/19/18 04:33 PM
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Joined: Nov 2006
Posts: 2,857
retdbasser
Extreme Angler
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Extreme Angler
Joined: Nov 2006
Posts: 2,857 |
Looks like that education is paying off.
Prepare for the future-it will be here tomorrow. Personal Best Large Mouth Bass 9 lbs. 12 oz 5/13/19. Herb Stein, who famously reminded us that “if something can’t go on forever, it will stop.”
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Re: Property taxes ...
[Re: retdbasser]
#12761601
05/19/18 04:44 PM
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Joined: Sep 2005
Posts: 27,571
Uncle Zeek
OP
aka "Dad"
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OP
aka "Dad"
Joined: Sep 2005
Posts: 27,571 |
Looks like that education is paying off. Nah, I've been doing this for a number of years already before law school. Used to be a real estate broker awhile back.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate planning & tax attorney 2250 Morriss Road, Suite 205, Flower Mound, Texas 75028 972-746-0758 mobile zac@artimlegal.com
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Re: Property taxes ...
[Re: Uncle Zeek]
#12761774
05/19/18 08:29 PM
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Joined: Aug 2002
Posts: 2,044
DLALLDER
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 2,044 |
Most of you have something to look for!!! The year you turn 65, taxes can be frozen if you fill out the form. One reason to do everything possible to keep the value of your HS as low as possible.
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Re: Property taxes ...
[Re: Uncle Zeek]
#12761945
05/20/18 12:25 AM
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Joined: Feb 2007
Posts: 28,578
Gusick
TFF Guru
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TFF Guru
Joined: Feb 2007
Posts: 28,578 |
Do property tax savings come at the expense of school children and teachers?
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Re: Property taxes ...
[Re: Uncle Zeek]
#12761961
05/20/18 12:37 AM
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Joined: Dec 2008
Posts: 16,193
grout-scout
TFF Guru
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TFF Guru
Joined: Dec 2008
Posts: 16,193 |
They are getting brutal where I live, I see a big 5th wheel in my future and no house.
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Re: Property taxes ...
[Re: grout-scout]
#12761963
05/20/18 12:42 AM
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Joined: Feb 2014
Posts: 8,612
Smurfs
TFF Celebrity
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TFF Celebrity
Joined: Feb 2014
Posts: 8,612 |
They are getting brutal where I live, I see a big 5th wheel in my future and no house.
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Re: Property taxes ...
[Re: Gusick]
#12762032
05/20/18 01:42 AM
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Joined: Sep 2005
Posts: 27,571
Uncle Zeek
OP
aka "Dad"
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OP
aka "Dad"
Joined: Sep 2005
Posts: 27,571 |
Do property tax savings come at the expense of school children and teachers? I see kids in our city regularly run across the street in front of oncoming traffic. There are times when I seriously doubt that a few extra tax dollars would make any meaningful difference to their education. Yes, I know that's pessimistic. The optimistic answer is this isn't property tax savings - it's simply ensuring that I only pay my fair share.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein Artim Law Firm, PLLC Estate planning & tax attorney 2250 Morriss Road, Suite 205, Flower Mound, Texas 75028 972-746-0758 mobile zac@artimlegal.com
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Re: Property taxes ...
[Re: DLALLDER]
#12762087
05/20/18 02:43 AM
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Joined: Aug 2014
Posts: 504
RBDavis3591
Pro Angler
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Pro Angler
Joined: Aug 2014
Posts: 504 |
Most of you have something to look for!!! The year you turn 65, taxes can be frozen if you fill out the form. One reason to do everything possible to keep the value of your HS as low as possible. I am in the process of having a house built that will be finished in November and I turn 65 in December. You can be sure I will be filling out the necessary forms.
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Re: Property taxes ...
[Re: Uncle Zeek]
#12762093
05/20/18 02:51 AM
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Joined: May 2002
Posts: 82,755
Bob Davis
Bunkeroid Bob
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Bunkeroid Bob
Joined: May 2002
Posts: 82,755 |
I hired a guy who specializes in fighting these increases. His cost is 25% of what he saves me in taxes. I'm good with that. The house that my wife and I own that we thought would be a great retirement place has turned sour since it will now cost us nearly $600 a month in taxes. I'm going to consider selling and buying a place in a cheaper tax area. I may be able to freeze my taxes next year when I turn 65 but I heard that it only freezes your homestead portion and if tax rates go up so do your taxes. So I am thinking this "freezing" your taxes at 65 is also a bunch of hooey.
Foxtrot Juliet Bravo
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Re: Property taxes ...
[Re: Uncle Zeek]
#12762099
05/20/18 02:56 AM
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Joined: Jan 2018
Posts: 4,942
Notaguide
TFF Team Angler
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TFF Team Angler
Joined: Jan 2018
Posts: 4,942 |
When you dont collect on big business you gotta collect from small business and employees
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Re: Property taxes ...
[Re: Gusick]
#12762120
05/20/18 03:22 AM
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Joined: Jan 2010
Posts: 11,553
MrRoachie
TFF Guru
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TFF Guru
Joined: Jan 2010
Posts: 11,553 |
Do property tax savings come at the expense of school children and teachers? Needs to come at the expense of the school board and Supervisors 500 million dollar schools won't make your kid any smarter. Whitehouse just built a school in the kuntry that now requires someone to widen county roads and build a completely new road. Hope that comes from the school budget!!!!
Last edited by steve hummert; 05/20/18 01:34 PM.
God loves you just as much as anybody else!!
Jesus offered His life as a gift for you. Please accept it!
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Re: Property taxes ...
[Re: Gusick]
#12762178
05/20/18 09:44 AM
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Joined: Aug 2003
Posts: 30,321
RedRanger
burro desagradable
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burro desagradable
Joined: Aug 2003
Posts: 30,321 |
Do property tax savings come at the expense of school children and teachers? Public school is just a racket They need to go online for schools now of days, no need for a brick and mortar scbool. Frisco schools start teachers with no experience at $50K per year to only work like 187 days per year, and then add the extravagant school that look like college campuses
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