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Property Taxes Question
#14336187
04/06/22 03:36 PM
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Joined: Mar 2003
Posts: 10,728
Fishin' Nut
OP
TFF Guru
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OP
TFF Guru
Joined: Mar 2003
Posts: 10,728 |
Not me, but for my brother who lives in Lubbock. Over 65, retired and filed the paperwork with Lubbock County last year. Latest property tax statement went from $2100 to $2800. I thought in Texas it was frozen after age 65. So he calls me. I don't know the answer. I haven't paid the Texas Wealth Tax in seven years.
He is truly a sick individual.
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Re: Property Taxes Question
[Re: Fishin' Nut]
#14336213
04/06/22 03:52 PM
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Joined: May 2007
Posts: 41,291
Patriot Guard Rider
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 41,291 |
I don't think it's a state thing, but county by county, and it's not consistent. Probably doesn't include school tax which is usually the biggest portion of your tax bill. He needs to call his local tax office.
Family is everything! Life is precious. We donโt have forever. We have now. This moment. We can choose to love our lives now.
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Re: Property Taxes Question
[Re: Fishin' Nut]
#14336225
04/06/22 04:00 PM
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Joined: Mar 2008
Posts: 61,046
LoneStarSon
Private Dancer
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Private Dancer
Joined: Mar 2008
Posts: 61,046 |
Not me, but for my brother who lives in Lubbock. Over 65, retired and filed the paperwork with Lubbock County last year. Latest property tax statement went from $2100 to $2800. I thought in Texas it was frozen after age 65. So he calls me. I don't know the answer. I haven't paid the Texas Wealth Tax in seven years. This explains it pretty well. Property tax Ceiling Freeze
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Re: Property Taxes Question
[Re: Fishin' Nut]
#14336231
04/06/22 04:02 PM
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Joined: Jun 2012
Posts: 3,863
Wool E. Booger
TFF Team Angler
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TFF Team Angler
Joined: Jun 2012
Posts: 3,863 |
I think that only freezes the tax rate. The appraisal never gets frozen and here lately that keeps going up, up, and away.
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Re: Property Taxes Question
[Re: Patriot Guard Rider]
#14336233
04/06/22 04:02 PM
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Joined: Aug 2014
Posts: 504
RBDavis3591
Pro Angler
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Pro Angler
Joined: Aug 2014
Posts: 504 |
I don't think it's a state thing, but county by county, and it's not consistent. Probably doesn't include school tax which is usually the biggest portion of your tax bill. He needs to call his local tax office. Lubbock Central Appraisal District FAQMy property information is wrong. How do I get it changed? Contact Lubbock Central Appraisal District at (806)762-5000 or email us at info@lubbockcad.org. Our office is located at 2109 Ave Q.
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Re: Property Taxes Question
[Re: Fishin' Nut]
#14336282
04/06/22 05:07 PM
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Joined: May 2002
Posts: 82,634
Bob Davis
Bunkeroid Bob
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Bunkeroid Bob
Joined: May 2002
Posts: 82,634 |
Not me, but for my brother who lives in Lubbock. Over 65, retired and filed the paperwork with Lubbock County last year. Latest property tax statement went from $2100 to $2800. I thought in Texas it was frozen after age 65. So he calls me. I don't know the answer. I haven't paid the Texas Wealth Tax in seven years. He should have 2 exemptions. HS (Homestead) and Over 65. Usually, you only have to file for the exemptions at the CAD (Central Appraisal District) office and it will propagate down to the County Tax office. At least that is how it is done for people who live in Rockwall County. To my knowledge there is no "freezing" of your tax liability, it is a reduced percentage for over 65. If your property appraisal goes up, your tax liability will also go up, just not as much as someone without the over 65 Exemption.
Foxtrot Juliet Bravo
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Re: Property Taxes Question
[Re: Fishin' Nut]
#14336429
04/06/22 07:31 PM
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Joined: Apr 2010
Posts: 26,161
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 26,161 |
You multiply the tax rate by the property value to calculate your taxes. The over 65 exemption applies to your rate, not your valuation.
However, there is a 10% annual cap on increases. So if his tax liability really was $2100 last year, it shouldn't go past around $2300 this year.
Life can only be understood backwards; but it must be lived forwards. - Soren Kierkegaard
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