U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Houston
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-21-2009, 02:34 PM
 
809 posts, read 3,116,882 times
Reputation: 568

Advertisements

I have a coworker who just closed on a house that has a HCAD appraisal value that is quite a bit higher than what she paid for the house. How soon can she fight the appraisal value? Will she be stuck paying the higher tax amount for her 2009 taxes?

Is there a certain cut off point like, if you close by March 1 you can still fight the 2009 appraisal value for your 2009 taxes? Or will she be stuck paying more this year and can fight them for 2010?

I think they made her already pay some of the 2009 tax at closing.

Thanks!
Reply With Quote Quick reply to this message

 
Old 01-21-2009, 03:00 PM
 
201 posts, read 796,155 times
Reputation: 108
Toward the end of the year, each homeowner will receive a notice with a proposed assessed value for the following year. The notice also provides a deadline by which you can file a protest. I believe this is the only mechanism to dispute your property value. Unfortunately for your coworker, the time to dispute 2009 values is already over, so they will have to wait until the end of the year and try to reduce their 2010 value.
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 03:13 PM
 
809 posts, read 3,116,882 times
Reputation: 568
Thanks, so to make sure I understand:
When I get all the letters in the mail around March/April (I think that's when I get them) from companies wanting to fight my property's value and lower my taxes, that is really for 2010 and the amount I will pay at the end of 2009 is already decided. Is that right?

So why doesn't HCAD show a 2009 value on their website yet?

When is the deadline for her to fight the value for 2010? Is it too early to do now?

Sorry for all the questions, something isn't clicking with me.
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 03:49 PM
 
Location: A little suburb of Houston
3,702 posts, read 15,920,880 times
Reputation: 2047
Quote:
Originally Posted by davidtk View Post
Toward the end of the year, each homeowner will receive a notice with a proposed assessed value for the following year. The notice also provides a deadline by which you can file a protest. I believe this is the only mechanism to dispute your property value. Unfortunately for your coworker, the time to dispute 2009 values is already over, so they will have to wait until the end of the year and try to reduce their 2010 value.
That is incorrect. We just finished paying our 2008 taxes. The appraisals for 2009 will come out in April and your friend will have until May 31st (or 30 days from receipt) to file a protest. There will be an informal hearing then a formal hearing if needed. If they use the E-protest system, the "infomal hearing" may come in the form of an offer through the mail. If your friend payed less than the appraised value (closing in 2009) and the property was not a distressed sale (foreclosure, short sale etc.) they will probably have a good chance and getting the value lowered.
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 03:52 PM
 
201 posts, read 796,155 times
Reputation: 108
I may be a little off on my timing, so maybe the upcoming notices are for 2009, not 2008 as I was thinking. If that's the case, then your friend still has a chance to dispute for 2009. In any event, I think the best thing to do is call the appraisal district.
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 03:55 PM
 
201 posts, read 796,155 times
Reputation: 108
What Poltracker said. I was one year ahead. DOH!
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 03:56 PM
 
809 posts, read 3,116,882 times
Reputation: 568
She did buy a foreclosure but the person that got foreclosured on was an investor that bought in the peak of the market and overpaid (in my opinion anyway).
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 04:01 PM
 
Location: A little suburb of Houston
3,702 posts, read 15,920,880 times
Reputation: 2047
Tell your friend to give it a try. The process is really pretty painless, I managed to get a good reduction this year at my formal hearing.
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 04:31 PM
 
2,582 posts, read 7,673,261 times
Reputation: 1910
If they go in with their settlement statement from closing they should be able to get it reduced to that amount very easily. They will need to go to Harris County Appraisal District and download the form to protest the taxes and submit it before May 31, (as someone already said).

One thing, if they purchased a foreclosure, that won't work. HCAD claims that if it is a foreclosure it is not an "arm's length transaction" and is more of a distressed sale and doesn't consider the sales price reflective of the true value.

This has caused real problems for people who bought foreclosures that were part of the mortgage fraud problems, (ones that sold previously for inflated prices that they were never truly worth, with HCAD jumping the value to the last sales price). Go figure.
Reply With Quote Quick reply to this message
 
Old 01-21-2009, 04:43 PM
 
Location: Houston, Texas
469 posts, read 1,321,648 times
Reputation: 295
Just so you know you will need to have 3 different comparables as just the house your friend purchased is not enough to dispute the HCAD appraisal value. You also need to approach the governing bodies in a positive manner. My broker helps people fight their tax appraisals every year. I think I will help clients out this year as well. I have checked tax rolls and some people are paying way to much.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Houston
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top