We keep hearing about appraisal creep being a Harris County or urban problem, thus nothing is done about it. It looks like the guys in Taylor County are going to learn about it firsthand.
Some landowners may see ‘’shocking” increases in property values this year, Taylor County’s chief appraiser said Tuesday.
Heh, welcome to the club. But really, this isn’t new to Taylor County, it just hasn’t received the spotlight that KSEV was able to put on it in Harris County. For instance:
For the first time, taxable values in Wylie Independent School District passed the $1 billion milestone. Values in Wylie ISD jumped 16.1 percent this year - the biggest increase of any taxing entity in Taylor CAD’s jurisdiction.Just 10 years ago, Wylie’s taxable value was $466 million, so values have more than doubled in a decade.
That’s right, appraised property values have doubled in 10 years. Sound familiar? The article even addresses the “huge” property tax decrease passed last year.
School district property tax rates are mandated by the Texas Legislature to decrease for the second year in a row, although higher appraisals will offset much of the decrease.Petree said most taxpayers will pay less in school property taxes this year because of the decrease, but the savings will probably erode in the next five years.
Not only was the “huge” decrease offset, it will disappear completely without lower caps. There is a poll up at the site asking if the city and county should decrease their tax rates due to the significant increase in appraisals. Can you guess how that is going?
Appraisal cap legislation is all but dead in this legislative session. Perhaps the guys in the rural areas will read the article and decide it isn’t just a Harris County problem.
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Appraisal Protest Resource: One of the best tools for you to use in your protest is Edd Hendee’s appraisal protest form, brought to you by Lone Star Times.
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Yeah.. got my tax appraisal a few days ago. It went up 33% in 1 year. WTF?!
Of course I’m going to protest.
You do not own your property, you merely rent it from the state.
My wife and my retirement years will not be spent in Texas - and property taxation is the driving force, along with crime, pollution and a few other issues. We’re taking our marbles somewhere that’s a little friendlier to fixed income seniors. One piece of real estate liquidated late last year, two more to go. Hopefully, we’ll hit it at about the peak and leave some other sap to answer to those property taxes.
Zippy
Protest with Edd’s spread sheet and you will win every time. (see Edd;s stuff on side bar)
You are correct, we do not own our property when with appraisal tax creep, by the time I reach 65, my taxes will exceed my original house payment by 4 times, yet I will still owe 5 yesra mortgage payment.
Rick Perry’s “War on Texans”
Shock and AWWWWW!
I have an unbuildable lot in Lago Vista (don’t ask whatever possessed us to buy it in the first place, please).
Last year it was evaluated at $3,000.00. Thhis years appraisal just came in…. (drum roll please)… $14,000.00!!
They did the same for all the lots on my street, as well as the adjoining streets. I will likely have no grounds for appeal.
So, looking at the spreadsheet and other tips, it is best not to keep your property looking nice, and keeping your house maintained, as these are ways to keep your value down.
If your foundation is shot, and you have termites, then you can lower your appraised value?
Can you only protest based on other “Sales” in the area? I’m sure that similar other sales in my neighborhood are at or above what our house is currently appraised at. But a jump of 33% in 1 year?
I wonder if I could sell for 33% more than I bought?
well #2 lawarence - my wife and i are retired.
the math the last 2 years goes like this.
soc sec increase 30 dollars yet they increase medicare payment 15 dollars so a net increse of 15 dollars. real estate taxes up 1,000 dollars. this happened similar the last 2 years. the politicians in rexas do not like seniors just except or leave, better yet all should leave these ba$tards to all their own.
the politicians in this state are ruthless liars.
come you umb ass politicians give a one reson to live in texas and be retired just one and not because my kids are here. ok ok where the hell is it?
Don’t get me wrong about what I am about to say, but I get a bug in my you-know-what when I hear the term “fixed income seniors”. Guess what? I’m on a fixed income as well. Not only that, I am not even guaranteed the cost of living increase that social security gets. AND I have to drive to work and with gas prices going up, my return is less and less. AND our cost of health insurance goes up as well. Face it - we are ALL on a fixed income.
#8. I hear what you’re saying, I should have clarified myself. What I meant was that when I am retired, I plan on living off of my fixed income investments. It may be supplemented with a part time retirement job(a Money magazine oxymoron) depending on the boredom level. Sorry to hear about that bug - you might try a little honey to lure him out of there.
#8. To further clarify, I expect my income to go down at retirement, and to be relatively stable. Having a tax structure that taxes income as opposed to property taxes may be advantageous, provided that the income tax rates are not onerous and stay relatively low. Each individual financial situation is different, and you have to look at a state’s overall tax effect(income, property, sales, et.al.) to make a valid comparison.
dowjones
Colorado is a great state with low property taxes. /Just saying
#11 Neocon,
But does Colorado have any of these?
http://www.cfisd.net/bond/esc/esc2.jpg