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Old 10-29-2007, 11:36 AM
 
Location: Houston
241 posts, read 1,178,306 times
Reputation: 97

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Okay, I am slightly confused here.

Say you purchase an inventory home from a builder, from what I hear you only have to pay taxes on the land for the first year. After that first year, then you pay for the structure that is on the land as well... how does this work? Even if the home is already on the property do I only have to pay taxes on the land for the first year? This home was built in 2007.

Thanks,
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Old 10-29-2007, 12:44 PM
 
Location: San Antonio-Westover Hills
6,884 posts, read 20,407,466 times
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If the home was not completed by the time the appraisers did their valuations for 2007, then you will be paying on the land only for 2007. HCAD (or whichever county you live) will do a comp or drive-by for 2008's Appraisal and Market valuations and base your new taxes off of that.

Check Harris County Appraisal District to see what your tax roll says.
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