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Old 03-19-2012, 01:20 PM
 
Location: Houston, TX
17,029 posts, read 30,929,122 times
Reputation: 16265

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^^You didn't go down like many others...
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Old 03-19-2012, 03:27 PM
 
1,416 posts, read 4,439,525 times
Reputation: 1128
Quote:
Originally Posted by jilliannie View Post
The place I have been renting says same value for the past 3 years, which looks the same as the whole Montrose area. How is this an investment? Ive read in here the inner loop is an investment but this is showing no gain over 3 years? Sorry I am not familiar with all this.
As others have noted in previous HCAD threads, in older neighborhoods the appraisal values often have little to do with reality (the suburbs can be far more accurate because the housing stock in a neighborhood is more consistent). So some people get hit hard and others not at all. It's block by block in my experience, and even then I don't get it. Call it HCAD modeling randomness.

I looked up my old houses in Parkwest and Willow Meadows and they both are unchanged. These are hotter neighborhoods than my current one, so again, HCAD randomness.
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Old 03-19-2012, 03:39 PM
 
Location: Houston, TX
2,052 posts, read 5,873,925 times
Reputation: 1298
Our home stayed the same, has been the same for 4 years now - BW8 & West Rd. My grandfather's house in Winchester Country dropped 19% though, 109K to 88K! I checked several streets around there and it looks like much of the neighborhood got dropped about the same.
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Old 03-19-2012, 04:12 PM
 
Location: The Greater Houston Metro Area
9,053 posts, read 17,201,105 times
Reputation: 15226
Quote:
Originally Posted by trbstang View Post
Our home stayed the same, has been the same for 4 years now - BW8 & West Rd. My grandfather's house in Winchester Country dropped 19% though, 109K to 88K! I checked several streets around there and it looks like much of the neighborhood got dropped about the same.
And, yet, the real values went up over last year. That is the perfect scenario - value goes up, while tax amount goes down.
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Old 03-19-2012, 05:26 PM
 
4,246 posts, read 12,027,479 times
Reputation: 3150
Galveston County have something like this?
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Old 03-19-2012, 07:01 PM
 
Location: Houston area
1,408 posts, read 4,054,557 times
Reputation: 639
Quote:
Originally Posted by danieloneil01 View Post
Galveston County have something like this?
All the other counties are pretty slow as getting the values up. HCAD is more streamlined. Brazoria and Galveston are still working on it.
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Old 03-19-2012, 07:05 PM
 
Location: Westbury
3,283 posts, read 6,052,923 times
Reputation: 2950
Mine still says pending, but i can already tell it is going up. Sq ft of home is larger than it was in the past, and condition cost/design are "very good" and "extensive." I'd argue with that HCAD

i forget the descriptive terms last year but it wasn't that
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Old 03-19-2012, 07:34 PM
 
Location: Clear Lake, Houston TX
8,376 posts, read 30,705,196 times
Reputation: 4720
Quote:
Originally Posted by jilliannie View Post
The place I have been renting says same value for the past 3 years, which looks the same as the whole Montrose area. How is this an investment? Ive read in here the inner loop is an investment but this is showing no gain over 3 years? Sorry I am not familiar with all this.
More like piggy bank. However I know people who have lost significant amounts of money inside the loop. Timing is everything.
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Old 03-19-2012, 09:45 PM
 
Location: Houston, TX
27 posts, read 62,951 times
Reputation: 31
mine dropped from 86k to 80k.
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Old 03-19-2012, 09:57 PM
 
Location: Houston, TX
8,895 posts, read 20,002,567 times
Reputation: 6372
Just google Galveston County Appraisal District (keep in mind, theirs are still in progress)
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