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.....

I’m just glad you can laugh about it

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.

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 ..

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.

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.

We are gonna protest ours as well.

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.

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

What goes up will come down.

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%.

They been saying in that in San Francisco for 30-40 years...hasn't happened yet.



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.

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.

Agree with this. You won't win on comp comparison.