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2022 home appraisal value
#14352142
04/25/22 05:49 PM
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Joined: Jan 2004
Posts: 72,565
Mark Perry
OP
Super Freak
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OP
Super Freak
Joined: Jan 2004
Posts: 72,565 |
Apparently our house has increased $65,000 and the lot my shop pad on has increased $5500. Rest of our land has come up at least 30-40% in value as well despite not one single improvement made. We had about a $50,000 increase last year. We bought our place in July 2020. So in less than 2 years we have seen well over $120,000 increase on our home.....
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Re: 2022 home appraisal value
[Re: Mark Perry]
#14352144
04/25/22 05:53 PM
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Joined: Jun 2012
Posts: 3,974
Wool E. Booger
TFF Team Angler
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TFF Team Angler
Joined: Jun 2012
Posts: 3,974 |
Iām just glad you can laugh about it
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Re: 2022 home appraisal value
[Re: Mark Perry]
#14352147
04/25/22 05:55 PM
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Joined: Feb 2003
Posts: 55,365
SkeeterRonnie
Super Freak
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Super Freak
Joined: Feb 2003
Posts: 55,365 |
They appraised ours $100k higher. Just sent in the protest paperwork. Hunt county are crooks! 33% increase in one year with nothing done to warrant a huge increase. No homestead due to it being a second house.
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Re: 2022 home appraisal value
[Re: Mark Perry]
#14352150
04/25/22 05:59 PM
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Joined: Oct 2005
Posts: 20,755
kingdad101
TFF Guru
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TFF Guru
Joined: Oct 2005
Posts: 20,755 |
happening all over the state ..The Housing Bubble is about to bust and they are getting their HIGH figures in so we can still pay HIGH Taxes when it happens ..
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Re: 2022 home appraisal value
[Re: Mark Perry]
#14352151
04/25/22 06:00 PM
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Joined: Apr 2010
Posts: 26,212
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 26,212 |
I think there will be a push to get away from property taxes to income taxes. Lots of families will be taxed out of their own home.
Life can only be understood backwards; but it must be lived forwards. - Soren Kierkegaard
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Re: 2022 home appraisal value
[Re: Wool E. Booger]
#14352153
04/25/22 06:00 PM
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Joined: Jan 2004
Posts: 72,565
Mark Perry
OP
Super Freak
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OP
Super Freak
Joined: Jan 2004
Posts: 72,565 |
Iām just glad you can laugh about it Its about all I can do. I can get as mad as I want to get but it ain't gonna make it all go away. Being mad is only cause me high blood pressure and heart issues.
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Re: 2022 home appraisal value
[Re: SkeeterRonnie]
#14352154
04/25/22 06:01 PM
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Joined: Jan 2004
Posts: 72,565
Mark Perry
OP
Super Freak
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OP
Super Freak
Joined: Jan 2004
Posts: 72,565 |
They appraised ours $100k higher. Just sent in the protest paperwork. Hunt county are crooks! 33% increase in one year with nothing done to warrant a huge increase. No homestead due to it being a second house. We are gonna protest ours as well.
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Re: 2022 home appraisal value
[Re: kingdad101]
#14352156
04/25/22 06:03 PM
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Joined: Apr 2010
Posts: 26,212
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 26,212 |
happening all over the state ..The Housing Bubble is about to bust and they are getting their HIGH figures in so we can still pay HIGH Taxes when it happens .. They've been saying that for 5 years. Housing bubble really only bursts under 2 scenarios - if there is an outside factor (like mortgage securities fraud in 2007/2008), or if housing gets way, way more expensive than renting. As it is, rent has come up along with housing. We bought a rent house in 2019 hoping to rent it for about $950. We are about to rent it for $1300 - over 30% increase in that time. Not quite as much as housing, but not far behind. ETA - if we had listed it publicly, we could have been closer to $1500. We are at $1300 for a family friend. Mortgage rates will put a halt to prices skyrocketing, and will probably bring them back down a bit (maybe 5-10 percent for sub-$1M homes). But there is no bubble to burst like 2008 right now.
Last edited by patriot07; 04/25/22 06:04 PM.
Life can only be understood backwards; but it must be lived forwards. - Soren Kierkegaard
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Re: 2022 home appraisal value
[Re: Mark Perry]
#14352157
04/25/22 06:04 PM
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Joined: Jun 2016
Posts: 10,372
Nickbyrd
TFF Guru
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TFF Guru
Joined: Jun 2016
Posts: 10,372 |
Just had this conversation yesterday going to try an contest it . Not doubling or tripling my taxes . What is the proper proceeure to go about contesting it ? I heard something about a form ? A little help would be greatly appreciated
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Re: 2022 home appraisal value
[Re: Mark Perry]
#14352160
04/25/22 06:06 PM
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Joined: Mar 2006
Posts: 8,266
reeltexan
TFF Celebrity
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TFF Celebrity
Joined: Mar 2006
Posts: 8,266 |
What goes up will come down.
"..The pleasantist angling is to see the fish Cut with her golden oars the silver stream, And greedily devour the treacherous bait. Bill Shakespeare
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Re: 2022 home appraisal value
[Re: Nickbyrd]
#14352164
04/25/22 06:07 PM
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Joined: Apr 2010
Posts: 26,212
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 26,212 |
Just had this conversation yesterday going to try an contest it . Not doubling or tripling my taxes . What is the proper proceeure to go about contesting it ? I heard something about a form ? A little help would be greatly appreciated Contact your local appraisal office. Honestly, if there was ever a year to protest, this isn't it. Appraisers have more than enough sky-high comps available for nearly any valuation. If you're going to protest, need to go in with property-specific condition issues (major foundation problems, plumbing problems, cosmetic issues, etc.). That will get you further than just saying "it can't go up 20%" the the market is going up 30%.
Life can only be understood backwards; but it must be lived forwards. - Soren Kierkegaard
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Re: 2022 home appraisal value
[Re: Mark Perry]
#14352167
04/25/22 06:08 PM
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Joined: Apr 2010
Posts: 26,212
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 26,212 |
What goes up will come down.
They been saying in that in San Francisco for 30-40 years...hasn't happened yet. They appraised ours $100k higher. Just sent in the protest paperwork. Hunt county are crooks! 33% increase in one year with nothing done to warrant a huge increase. No homestead due to it being a second house. We are gonna protest ours as well. Curious what you're going to use as your justification?
Life can only be understood backwards; but it must be lived forwards. - Soren Kierkegaard
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Re: 2022 home appraisal value
[Re: patriot07]
#14352169
04/25/22 06:09 PM
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Joined: Jan 2004
Posts: 72,565
Mark Perry
OP
Super Freak
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OP
Super Freak
Joined: Jan 2004
Posts: 72,565 |
What goes up will come down.
They been saying in that in San Francisco for 30-40 years...hasn't happened yet. They appraised ours $100k higher. Just sent in the protest paperwork. Hunt county are crooks! 33% increase in one year with nothing done to warrant a huge increase. No homestead due to it being a second house. We are gonna protest ours as well. Curious what you're going to use as your justification? Gonna think on it a bit. We have a couple of things we can bring up.
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Re: 2022 home appraisal value
[Re: Mark Perry]
#14352173
04/25/22 06:13 PM
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Joined: Feb 2003
Posts: 55,365
SkeeterRonnie
Super Freak
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Super Freak
Joined: Feb 2003
Posts: 55,365 |
justification is the value of all the surrounding houses did not go up and ours is $100K more than any around us. talking about appraisal values posted publicly on the CAD.
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Re: 2022 home appraisal value
[Re: patriot07]
#14352174
04/25/22 06:13 PM
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Joined: Mar 2010
Posts: 25,890
T Bird
TFF Guru
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TFF Guru
Joined: Mar 2010
Posts: 25,890 |
Just had this conversation yesterday going to try an contest it . Not doubling or tripling my taxes . What is the proper proceeure to go about contesting it ? I heard something about a form ? A little help would be greatly appreciated Contact your local appraisal office. Honestly, if there was ever a year to protest, this isn't it. Appraisers have more than enough sky-high comps available for nearly any valuation. If you're going to protest, need to go in with property-specific condition issues (major foundation problems, plumbing problems, cosmetic issues, etc.). That will get you further than just saying "it can't go up 20%" the the market is going up 30%. Agree with this. You won't win on comp comparison.
Okie by birth, Texan by choice. USAF "Thunderbirds" Alumni 1985-1989
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