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Old 05-02-2023, 11:03 PM
 
1,376 posts, read 1,081,251 times
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They have appraised my house higher per square foot than every other house in my subdivision, and I'm on one of the smallest lots. What on earth is wrong with the CCAD?

Is Kenneth Maun all of a sudden out to get me? Why me?
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Old 05-03-2023, 12:28 AM
 
76 posts, read 58,802 times
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For those of you who do it yourselves, what's the process and best practices?

Is it just a matter of filing the paperwork and getting a few houses similar to yours showing a lower valuation? Can it be done online with some text explaining your methodology? And then there's a hearing you have to go to?
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Old 05-05-2023, 09:53 AM
 
8,122 posts, read 3,663,787 times
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Quote:
Originally Posted by Leonard123 View Post
They have appraised my house higher per square foot than every other house in my subdivision, and I'm on one of the smallest lots. What on earth is wrong with the CCAD?

Is Kenneth Maun all of a sudden out to get me? Why me?
Appeal based on "unequal valuation". The problem is that some of the adjustments CCAD, e.g. "effective year built" you can't really argue, but still appeal, it might work. They'll send you a file with recent sales and also valuations of similar houses in your neighborhood. They make adjustments for size, pool, garage, lot size etc. to make the comparison house "identical" sort to speak to yours.
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Old 05-10-2023, 04:15 PM
 
139 posts, read 113,192 times
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Had my informal review on Monday with the Collin County Appraisal District. Got the assessed value lowered by $45,000.
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Old 05-10-2023, 11:57 PM
 
76 posts, read 58,802 times
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Is it theoretically possible that if their assessment is lower than my purchase price and I have to "make my case" that they actually raise my assessment to the purchase price?

My realtor said given comps and given that my assessment is lower than the purchase price, that it's best to stand pat.

Does that make sense?
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Old 05-11-2023, 07:06 AM
 
95 posts, read 69,486 times
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Quote:
Originally Posted by Leonard123 View Post
They have appraised my house higher per square foot than every other house in my subdivision, and I'm on one of the smallest lots. What on earth is wrong with the CCAD?

Is Kenneth Maun all of a sudden out to get me? Why me?
land value is broken out on the statements. if you are on a smaller lot it should be less than your neighbors unless you have a more appealing lot (corner, cul de sac, dead end etc). so compare those values first.

is your house smaller than your neighbors? smaller houses inherently have a higher cost/ft. if you are so out of line with your neighbors then just show them your neighbors valuations. its house selling season. what are houses listing for in your area? its not fully representative of January 1 valuation but should be fairly close. This is the first year my valuation is actually creeping close to market value

I'm in prosper and in a newer subdivision and there are about 15 houses on 3 streets with all the same floor plan but they all have difference values and all the variances are justified - some have pools, some have corner lots, some are 65 foot vs 70ft, some have porches, some have 3rd car garages, some have pie shape lots. I am still on the lower end of the bunch because I protested last year while almost none of my neighbors did.
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Old 05-11-2023, 07:09 AM
 
95 posts, read 69,486 times
Reputation: 179
Quote:
Originally Posted by Dashakhs View Post
Is it theoretically possible that if their assessment is lower than my purchase price and I have to "make my case" that they actually raise my assessment to the purchase price?

My realtor said given comps and given that my assessment is lower than the purchase price, that it's best to stand pat.

Does that make sense?

If your appraisal is lower than your purchase price you are just going to have to live with it. You could protest and hope they give you a reduction but don't ever show them your purchase price if its over appraisal. just make the case based on comps or unfavorable characteristics about your property.
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Old 05-11-2023, 08:35 AM
 
92 posts, read 143,259 times
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Quote:
Originally Posted by Lorne View Post
Had my informal review on Monday with the Collin County Appraisal District. Got the assessed value lowered by $45,000.
Am I being too nosy if I ask what arguments you used to get the market value down by so much?
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Old 05-11-2023, 11:59 AM
 
Location: Dallas
674 posts, read 333,485 times
Reputation: 859
Quote:
Originally Posted by Lorne View Post
Had my informal review on Monday with the Collin County Appraisal District. Got the assessed value lowered by $45,000.

Did that get you under the cap loss tho? If it didn't, they didn't really do anything for you.
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Old 05-11-2023, 03:19 PM
 
95 posts, read 69,486 times
Reputation: 179
Quote:
Originally Posted by ilovepizza1975 View Post
Did that get you under the cap loss tho? If it didn't, they didn't really do anything for you.
It may not this year, but what's the downside? any reduction in today's value could impact future limitations and valuations and thus create permanent savings in future years.

Unless a homeowner is okay with their value and taxes, homeowners should protest every year. and if you don't want to do it yourself, many tax services offer to do it for no cost if they don't reduce your tax bill.
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