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Unread 04-16-2008, 12:10 PM
 
Location: Western Bexar County
3,823 posts, read 9,232,438 times
Reputation: 1753
Default Bexar County Appraisals for 2008 Are Out

It looks like the 2008 appraisals are out. Mine went up another $8,000 again. One more year and the 2006/7 property tax break will be wiped out.
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Unread 04-16-2008, 12:22 PM
 
529 posts, read 1,704,881 times
Reputation: 145
Default Thanks! Should I dispute?

Thanks for the info.
I can't believe that my old house went down 40 dollars! It's on the market right now. The land value stayed the same, the house value dropped.

The house I just bought went up 12K. It was worth 135, 460. I paid 135,650 for it in Feb 2008. There is a house down the street that is the same layout, same SF also all brick like mine but has a much bigger yard and backs up to a undeveloped land (mine doesn't). It is on the market for 134,900. Do you think I should dipute my 147K appraisal??

Update: I just checked BCAD for that house that is for sale for 134,900. It appraised for 151K. I guesss somebody is getting a good deal?

Last edited by shenane; 04-16-2008 at 12:25 PM.. Reason: Updated
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Unread 04-16-2008, 12:28 PM
 
3,468 posts, read 5,309,655 times
Reputation: 1586
Angry Yikes!!!!

Ours went up $18,000!!!!! And it's definitely not worth what THEY think it is!!! There's no WAY it would sell for that, not in today's market! Looks like it's time to dispute it. ugh.
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Unread 04-16-2008, 12:30 PM
 
3,468 posts, read 5,309,655 times
Reputation: 1586
Quote:
Originally Posted by shenane View Post
Update: I just checked BCAD for that house that is for sale for 134,900. It appraised for 151K. I guesss somebody is getting a good deal?
No, bcad is wrong! And appraising too high!! Looks like they think this is still 2006 when prices were increasing like crazy. Bet they're gonna have lots of people "help" them understand the current market.
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Unread 04-16-2008, 12:38 PM
 
3,468 posts, read 5,309,655 times
Reputation: 1586
Default Yeesh!

They're ALL outta wack! Our neighbor's house is currently listed for sale (albeit WAY too high) at $329K. BCAD has their's at $255K! Also, their property (land) is about 1/4 acre larger than ours and MUCH nicer, and they've got it valued at $2K less than ours. The whole system is a feakin' joke!

(ok Jules, get off the computer and pack for your relaxing camping weekend!)
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Unread 04-16-2008, 12:55 PM
 
Location: San Antonio North
4,148 posts, read 4,847,275 times
Reputation: 995
I thought they were trying to compensate for all the years the undervalued everyones house.
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Unread 04-16-2008, 01:08 PM
Bo
 
Location: San Antonio
14,017 posts, read 18,786,567 times
Reputation: 8834
Sales in my neighborhood have slowed. As the housing market cools, I expect appraised value increases should slow down as well. Despite all that, my appraised value went up about the same amount/percentage as last year. Hopefully next year will be different.
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Unread 04-16-2008, 01:27 PM
 
Location: San Antonio, TX
545 posts, read 1,522,646 times
Reputation: 201
Ours went down...over $500. It doesn't surprise me considering we've had several houses on the market for close to a year in our neighborhood, but the appraised value is still almost 10K less than what houses around here are going for.
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Unread 04-16-2008, 02:12 PM
 
Location: San Quilmas, Tx
2,668 posts, read 3,118,488 times
Reputation: 8140
More good news....great !!!
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Unread 04-16-2008, 02:16 PM
 
53 posts, read 73,679 times
Reputation: 48
My house is appraised exactly 10% over what I paid for it 6 months ago. My impression is that if I were to put it on the market today I could probably sell it for the same price I paid 6 months ago, and not at the value it is apraised. Can this be disputed?
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