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Re: What's the best method to get market value of your house? [Re: Fishin' Nut] #12165477 03/30/17 02:46 PM
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Originally Posted By: Fishin' Nut

You really need to do some research before you post. If your single wide sits on property appraised at 1/2 million, you pay taxes on that 1/2 million appraisal.


Do your own research, not if its filed as homestead. I know more about property taxes than your average bear. Yes they suck but so does every other tax we pay. You want to reduce property taxes? Stop development in your area and tell the school district to pound sand.

Re: What's the best method to get market value of your house? [Re: AdanV] #12165498 03/30/17 02:58 PM
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Adan, for the past couple of years, I've had to be content with just keeping the increases on my appraisal at only $5K per year.

Here's something to chew on (I'm assuming that you have a homestead exemption on your house).

Looks like your county is keeping the increase just under the maximum homestead cap; a home with a homestead exemption can 'only' have the appraisal raised by 10% a year maximum. 10% is alot to me, but not to Texas. Your property taxes should go up by about $380-$400 for the year by the appraised valued you're showing us. You don't want to spend more than your tax savings would be on a new appraisal or other means. But it's almost always worthwhile to ask a realtor to give you a professionally prepared set of comparable sold homes in your neighborhood that breaks down the gross sales prices AND the price per square foot. (give the realtor a Starbucks gift card for his time).

Between those comps, and any documentation you have of problems, like "my house needs major foundation repairs", and file the protest with the county. Go to the informal meeting with the county appraiser and take your photos, foundation report, etc. and be persuasive. The county expectsto see an increase in value, but they might be willing to accept a $3k to $5k increase in value each year, which is still less costly for you than the full 10%.


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Re: What's the best method to get market value of your house? [Re: AdanV] #12165509 03/30/17 03:06 PM
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The Homestead exemption is only a few thousand dollars, they really need to make it a percentage of the property tax value.

Re: What's the best method to get market value of your house? [Re: AdanV] #12165513 03/30/17 03:08 PM
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Read!!!!!!! Good

Notice:" Needs MAJOR foundation repairs" These types of repairs are not normal home maintainance

Last edited by Trebor Neil; 03/30/17 07:17 PM.

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Re: What's the best method to get market value of your house? [Re: redchevy] #12166057 03/30/17 08:41 PM
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Originally Posted By: redchevy
Originally Posted By: Fishin' Nut

You really need to do some research before you post. If your single wide sits on property appraised at 1/2 million, you pay taxes on that 1/2 million appraisal.


Do your own research, not if its filed as homestead. I know more about property taxes than your average bear. Yes they suck but so does every other tax we pay. You want to reduce property taxes? Stop development in your area and tell the school district to pound sand.


Probably no more than the average bear for sure.

Re: What's the best method to get market value of your house? [Re: RedRanger] #12166529 03/31/17 02:24 AM
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Originally Posted By: RedRanger
The Homestead exemption is only a few thousand dollars, they really need to make it a percentage of the property tax value.
no this realtor backing state government needs to make sales prices available to all like most states do


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Re: What's the best method to get market value of your house? [Re: Stump jumper] #12166889 03/31/17 12:21 PM
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Originally Posted By: Stump jumper
Originally Posted By: RedRanger
The Homestead exemption is only a few thousand dollars, they really need to make it a percentage of the property tax value.
no this realtor backing state government needs to make sales prices available to all like most states do


Why is it anyone else's business how much I paid for a given property (whether it's a high price or a low price)? If you were to sell a family property for millions of dollars would you really want the general public to have access to the fact that you're now swimming in cash?

If the property is bought or sold by a public entity, then maybe the price information should be public. Maybe.


"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
Re: What's the best method to get market value of your house? [Re: Uncle Zeek] #12166923 03/31/17 12:40 PM
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Originally Posted By: Uncle Zeek
Originally Posted By: Stump jumper
Originally Posted By: RedRanger
The Homestead exemption is only a few thousand dollars, they really need to make it a percentage of the property tax value.
no this realtor backing state government needs to make sales prices available to all like most states do


Why is it anyone else's business how much I paid for a given property (whether it's a high price or a low price)? If you were to sell a family property for millions of dollars would you really want the general public to have access to the fact that you're now swimming in cash?

If the property is bought or sold by a public entity, then maybe the price information should be public. Maybe.


When I brought my house in Frisco, I got a letter from the Collin County Appraisal District asking me what price I paid for my house, I threw it in the trash.

Re: What's the best method to get market value of your house? [Re: Stump jumper] #12166924 03/31/17 12:41 PM
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Originally Posted By: Stump jumper
Originally Posted By: RedRanger
The Homestead exemption is only a few thousand dollars, they really need to make it a percentage of the property tax value.
no this realtor backing state government needs to make sales prices available to all like most states do


I am not talking about listing price, I am talking about Homestead Exemption, I think it like $20 or $25k, which isn't a nothing when a average house cost $400K

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