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Old 04-22-2013, 04:30 PM
 
Location: Mid South Central TX
3,183 posts, read 7,411,669 times
Reputation: 2188

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Down 2500 in Stone Oak...whee!!!!!!!!!!!
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Old 04-22-2013, 08:36 PM
 
852 posts, read 924,465 times
Reputation: 1004
Guess Stone Oak has become the stepchild and they are picking on Alamo Ranch now.......bastards!!
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Old 04-23-2013, 11:26 AM
 
147 posts, read 267,347 times
Reputation: 108
I paid off my house last year and it is registered downtown. Do I need to do anything else here as far as BCAD? Also, I'll be 65 this year.
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Old 04-23-2013, 11:47 AM
 
4,268 posts, read 8,353,758 times
Reputation: 1785
Quote:
Originally Posted by quovadimis View Post
So we bought our house just about a year ago, taxes are going up 18k this year but still $40,000 less than we paid........do I even want to enter the appeal process?

Looks like surrounding home taxes are going up $5k to $20k around us....I wonder if the new homes going up one street over are affecting us? Our home was built 2006.
YES. Appeal. If you've purchased it less than a year ago, you can argue the TRUE market value of your home.

I have many friends in my neighborhood who had this issue the first year they bought, and succeeded.
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Old 04-23-2013, 07:48 PM
 
146 posts, read 209,745 times
Reputation: 117
My valuation went up about 18% in the bubble. : (
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Old 04-23-2013, 08:06 PM
 
Location: Mid South Central TX
3,183 posts, read 7,411,669 times
Reputation: 2188
Quote:
Originally Posted by brenty13 View Post
I paid off my house last year and it is registered downtown. Do I need to do anything else here as far as BCAD? Also, I'll be 65 this year.
Then you'll need to file for your over 65 exemption, it's not automatic. Also ensure you have the homestead exemption filed as well.
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Old 04-25-2013, 04:42 PM
 
324 posts, read 1,166,537 times
Reputation: 162
Okay hoping someone here can help me. Bought a HUD home for $33,500 in December, got the tax appraisal today and they have it at $50,490! I have done NO repairs to the exterior of the home, and only very minor repairs inside.

How do I appeal, and how hard is it? Can I just show where I bought it in December at $33,500 or am I going to have to argue it with them? I do have the HUD appraisal if I need it
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Old 04-25-2013, 04:56 PM
 
1 posts, read 967 times
Reputation: 10
Wow! I have a older 1980's warehouse that has been at a market value of 42,000 for years and the 2013 appraised value is almost tripple . 117,000 , Can they do that ?????
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Old 04-26-2013, 05:53 AM
 
Location: Helotes, TX
136 posts, read 397,051 times
Reputation: 43
Mine went up $10,000! Hard to believe with so many foreclosures in my neighborhood.
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Old 04-26-2013, 09:27 AM
 
146 posts, read 209,745 times
Reputation: 117
Quote:
Bought a HUD home for $33,500 in December, got the tax appraisal today and they have it at $50,490! I have done NO repairs to the exterior of the home, and only very minor repairs inside.

How do I appeal, and how hard is it? Can I just show where I bought it in December at $33,500 or am I going to have to argue it with them? I do have the HUD appraisal if I need it
Sometimes you can just show them the closing statement and they will lower it, but they can also argue that it was a distressed sale and not necessarily reflective of the actual value. They may offer a compromise in between at the informal hearing, and at some point you have to decide how much time you want to spend to save a couple hundred bucks. (e.g. researching comparable sales in the neighborhood, taking time off work to argue your case, etc.)
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