FB appraisal went down (The Woodlands, Cinco Ranch: 2013, houses, neighborhood)

[azinwood]

Has anyone seen this before? Our house appraised value went down to a value less than the original value when the house was built. I'm not complaining, it helps lower our taxes but....

Just as an example:

2010: Just land: $9000
2011: House and land: $100,000
2012: House and land: $130,000
2013: House and land: $90,000

This is in Cinco Ranch SW, comparable houses all around in our neighborhood are going for higher than any appraised value we've seen on our house, 20-30% higher.

Is this a mistake?

[Nick_tx]

New built homes lose value faster than resale home. As far as I can tell it's normal. Are you referring to a tax assesment or did you have an actual appraiser come out. They are two different things and one doesn't necessarily have anything to do with the other.

[azinwood]

Sorry, I mean tax assessment. As in the one done on http://fbcad.org/Appraisal/PublicAccess/

[d2mini]

We built ours new over a year ago. Looks like it's assessed at more than we payed for it this year.

[cheryjohns]

Yes, on their making a bad calculation on your value. Accept it and pay less. It will start going up again soon enough.

[Cassino]

I received my FBCAD tax assessment and noticed it also went down. I was pleasantly surprised considering it went up quite a bit last year (even after I protested).

I wonder if I should protest anyways and see if I can get it dropped further?

[HoustonBornNRaised]

Be grateful.

I built my house two years ago this month. The first year, it went up realistically once the house was valued with the land. This year, they increased it a whopping $60k, which is about $60k over true market value.

My entire neighborhood is up in arms over it. HCAD is going to be seeing a LOT of protests from our development.

[predatorprey]

Appraisal value <> Market Value. Accept it be thankful you don't have to waste your time in the appraisal district to protest your taxes.

[TexasCatherine]

Wow, I'd love to open my tax appraisal and see a drop in price, but it hasn't happened yet. On average, our FBCAD appraisal has gone up by about $30k each year for the past four years. I just opened the 2013 "suggested appraisal" and see it has gone up by $62k this year!

[vwgto]

In The Woodlands in Montgomery County, it seems they always jack-up the appraisal value over the cap, limit the increase to the allowable cap, and then leave it up to you to try and dispute. I have never lived in a county/state that has been so aggressive in raising property taxes. Growth needs or building a bloated bureaucracy destined to crash when things build-out?