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Old 01-16-2009, 03:29 PM
 
3,028 posts, read 5,052,766 times
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Well, in the "boomtown" of Fort Worth, growing 30-40,000 people per year. Yes, the "value" of home/property has been going up - simply/supply and demand. So in the past, at least, that has been the case.

The county is required by state law to assess your valuation at as close as possible to value - it's suppose to be 90% of value at least. Good if you can get it if you sale. Bad if you aren't selling. I was a broker and had only seen two properties overvalued so I told the clients to appeal to the apprasial district and showed them what the needed and their evaluation was lowered.

Now I know, their are over evaluations which could result in a flood of responses with over evalutions experiences. Most people I talked with would not "take" sell their home for the appriased value - but yet, they want to "pay" the appriased price if they were buying - yep. wanting to have it both ways - human nature - at it's not so "finest" but yes, values are now lowering or stagnant or at least, not increasing as much - yet Tyler went 7% "up" in average sales price in 2008 but yet, decreased in total sales by 17%, go figure.
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Old 01-16-2009, 08:01 PM
 
Location: Somewhere in Texas
5,406 posts, read 13,238,690 times
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At the end of 2007, Texas homeowner's insurance premiums were the highest in the nation. They may still be; I don't know. That could be another deterrent for the retired along with the high property taxes. I have a friend in Washington state who is incredulous at what I pay for both along with my utility rates. Washington is also a state income tax free state.
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Old 01-16-2009, 08:19 PM
 
Location: Where I live.
9,191 posts, read 21,806,698 times
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Quote:
Originally Posted by Canine*Castle View Post
At the end of 2007, Texas homeowner's insurance premiums were the highest in the nation. They may still be; I don't know. That could be another deterrent for the retired along with the high property taxes. I have a friend in Washington state who is incredulous at what I pay for both along with my utility rates. Washington is also a state income tax free state.
Well, they are really high, and I really wasn't aware of that until I moved!

My homeowner's insurance premiums (same company, similar coverage, new home valuation almost twice what my Texas home was) were cut in half in Alamogordo, NM.

I was shocked. Pleasantly so. My property taxes are also lower than they were in TX.
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Old 01-16-2009, 08:31 PM
 
Location: Somewhere in Texas
5,406 posts, read 13,238,690 times
Reputation: 2800
Quote:
Originally Posted by Cathy4017 View Post
Well, they are really high, and I really wasn't aware of that until I moved!

My homeowner's insurance premiums (same company, similar coverage, new home valuation almost twice what my Texas home was) were cut in half in Alamogordo, NM.

I was shocked. Pleasantly so. My property taxes are also lower than they were in TX.
I've looked in other states as well and they're much lower. I can't figure out why, but I'm here, so I pay.
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Old 01-16-2009, 08:53 PM
 
15,442 posts, read 21,263,001 times
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Quote:
Originally Posted by Cathy4017 View Post
Well, they are really high, and I really wasn't aware of that until I moved!

My homeowner's insurance premiums (same company, similar coverage, new home valuation almost twice what my Texas home was) were cut in half in Alamogordo, NM.

I was shocked. Pleasantly so. My property taxes are also lower than they were in TX.
And I'll bet not just a little bit lower. The property taxes on my Albuquerque home are about $1800. If that same house were in Bailey County, Texas, they would be $7,500. The saving grace I suppose is the house would be worth about half as much in west Texas, if that can be considered a saving grace.
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