2016 Fort bend Appraisal values are out (comparable sales, apartment, houses)

[slbnoob]

10% up in CR, Katy.

[trbstang]

Originally Posted by batmanwannabe

So I'm closing on my new construction at the end of this month and the appraisal value is there. Is this the value they are going to use to determine how much escrow payments will be needed?

I was under the assumption that these come out at the end of September, unless that's something else.

Most likely yes. The property is generally taxed based on the value as of Jan 1 of the tax year. The first year our house was about 70% complete on Jan 1, closed March 31, so we were taxed on $118K. The next year it went up to $165K which was the sales price of the base model of our house. Just make sure the builder is contributing their percentage of the taxes for 5 months of the year. Now if the taxes are more, you can ask the builder to contribute more when the tax bills are out. That happened to my SIL and they got an additional $1k or so from the builder since they closed between Jan 1 and the time the appraised values were posted. Not that it would always happen, but it has happened before.

Good luck!

[vwgto]

Originally Posted by crone

If you want to see scam, check out the state declared "rich" districts that gave tax abatement to large industries who in turn donated large sums to the ISD as a gift. Not nearly as much as the tax would have been. That way, the ISDs did not have to send money to the state.

Then go check out the retailers that move to new locations and leave the old building vacant for years. They tell the HCAD we cannot rent this place, so you need to lower the assessment on all of the other buildings.

Meanwhile homes just keep going up. Why the homeowners keep electing the same ol same ol is a mystery.

This is the kind of stuff that "business friendly" buys the tax paying homeowner. Yes, it brings jobs; but the individual is so vulnerable in Texas.

[TravelFeedsTheSoul]

Mine is flat. Also in Riverstone.

[mikeyyc]

Both of my neighbors are flat. I'm up 10%. Protest time for me.

[swopoe]

Originally Posted by TravelFeedsTheSoul

Mine is flat. Also in Riverstone.

How can that be? What section are you in?

[RichmondLiving]

Westheimer Lakes --- 10% again

[DejaBlue]

Explain the appraisal to me?

I love watching the housing market on HAR. Thanks to some awesome saving and living I'm so so close to being ready to buy my own. Apartments and bugs equal no for Deja.

But looking on HAR I'm going Houses are listed some $40-60k more than appraisal last year. If anything it can't be appraised for that much

I would think selling for slightly higher than appraised but what I'm seeing is highway robbery. I have a friend in Gleannloch Farms and 2 years ago her houses was in the high 2s now houses are in the 400s

Is that standard or seller greed? I'm sorry but if you're gonna jack it up, I better see upgrade city and that means hardwood too.

[Clever nickname here]

Isn't there a 10% a year cap on increases?

[Lbjen]

Mine is up 10% too, but still under the real market value (barely). I will be protesting next year if they put it up another 10%.