I never understood this. people want their properties to go up in value. But don't want to pay for it.

Your homestead appraisal can be raised by up to 10% in a single year.

Yeah, I don't want my property to go up in value. I'd be fine if it was worth $1.

The 10% is the max the taxes can be raised and not face a rollback election. Anything higher than 10% and the taxing entity can be petitioned and a vote of the people must be held.

How about land, other homes? So what the heck was everyone excited about the 3.5% deal for?

Everybody in LLano County Texas appraisals went though the roof with appraised value this year.. Can't give everybody in your county pay raises unless you pay for it.

Brother in law just inherited a place on lake from Dad that passed. Taxes froze years ago with over 65 and Shocked to find he has a $22,000 a year tax to keep property. An old brick home falling down. It's the property valued. Has had it on market for 1 million way under apprasised value and no lookers. Everybody in LLano County Texas appraisals went though the roof with appraised value this year.. Can't give everybody in your county pay raises unless you pay for it.

I clicked thinking this was about mudsharks odds of finding his pocketknife.


carry on.

I think that is why so many yards and houses look like [censored] in Texas.

If you don't plan on selling cause your going to live there for the remainder of life anyway.

Why maintain the exterior appearance, it's not in your best interest.

Your homestead appraisal can be raised by up to 10% in a single year.

That's my understanding. For 6 years in a row, 2012 thru 2018 my assessed value went up by the max 10% every year. Lots a folks were complaining about taxes "being raised". however they were ignorant to the fact that the tax rate had not changed only the value of their property.

3.5% sounds more like an effective tax rate not assessment value?

Unless the economy goes completely into the toilet, which it seems to be doing now, but you won't see that until next year on your apprisal, expect your mortgage payment to go up annually.

Even with no increase in tax rates, the appraised value should theoretically go up, as such so will your insurance rates as the collateral holding the note (your house) has also appreciated. Raises the replacement cost of the secured. property.

When I bought my home in 2010 my payment was roughly $1100. With no changes it's now 22ish percent higher. AND that's after I got the PMI removed. So it's closer to a 28% increase in 10 years.