Forums59
Topics1,039,306
Posts13,962,624
Members144,199
|
Most Online39,925 Dec 30th, 2023
|
|
Re: What's the best method to get market value of your house?
[Re: Fishin' Nut]
#12165477
03/30/17 02:46 PM
|
Joined: Jan 2005
Posts: 7,490
redchevy
TFF Celebrity
|
TFF Celebrity
Joined: Jan 2005
Posts: 7,490 |
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
|
Joined: Sep 2005
Posts: 27,571
Uncle Zeek
aka "Dad"
|
aka "Dad"
Joined: Sep 2005
Posts: 27,571 |
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%.
"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: AdanV]
#12165509
03/30/17 03:06 PM
|
Joined: Aug 2003
Posts: 30,321
RedRanger
burro desagradable
|
burro desagradable
Joined: Aug 2003
Posts: 30,321 |
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
|
Joined: Aug 2002
Posts: 15,975
Trebor Neil
TFF Guru
|
TFF Guru
Joined: Aug 2002
Posts: 15,975 |
^^^^^^^^^^ (Zeeks)
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.
You bettcha! oofta!
|
|
Re: What's the best method to get market value of your house?
[Re: redchevy]
#12166057
03/30/17 08:41 PM
|
Joined: May 2008
Posts: 3,825
donothin
TFF Team Angler
|
TFF Team Angler
Joined: May 2008
Posts: 3,825 |
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
|
Joined: Apr 2004
Posts: 14,088
Stump jumper
TFF Guru
|
TFF Guru
Joined: Apr 2004
Posts: 14,088 |
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
2200 Bay Champ/200 Mercury Optimax 2017 Tundra TSS 4x4 Crewmax 5.7L
|
|
Re: What's the best method to get market value of your house?
[Re: Stump jumper]
#12166889
03/31/17 12:21 PM
|
Joined: Sep 2005
Posts: 27,571
Uncle Zeek
aka "Dad"
|
aka "Dad"
Joined: Sep 2005
Posts: 27,571 |
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
|
Joined: Aug 2003
Posts: 30,321
RedRanger
burro desagradable
|
burro desagradable
Joined: Aug 2003
Posts: 30,321 |
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
|
Joined: Aug 2003
Posts: 30,321
RedRanger
burro desagradable
|
burro desagradable
Joined: Aug 2003
Posts: 30,321 |
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
|
|
Moderated by banker-always fishing, chickenman, Derek 🐝, Duck_Hunter, Fish Killer, J-2, Jacob, Jons3825, JustWingem, Nocona Brian, Toon-Troller, Uncle Zeek, Weekender1
|