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Did yalls taxes take a jump?
#8238628
04/16/21 01:00 PM
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Joined: Nov 2011
Posts: 16,819
S.A. hunter
OP
THF Celebrity
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OP
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Joined: Nov 2011
Posts: 16,819 |
Lord Jesus, I may be on the late show, but I just looked at our appraisal. It jumped 40k, and damn near a thousand in taxes. This is BS, it has gone up less then ten thousand in appraisal each year, but this year its more like five times the usual increase.
Are yall seeing the same thing?
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238661
04/16/21 01:09 PM
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Joined: Jul 2019
Posts: 14,208
Hudbone
THF Celebrity
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A property I bought in late 16 or early 17 has now doubled in its valuation over the original purchase price. Another more significant acquisition has gone up 14.4% over the purchase price since October of 2020.
Geez, Louise
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238665
04/16/21 01:10 PM
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Joined: May 2016
Posts: 2,420
yotehater
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Yep. Last year, when I appealed it and had it reduced by $50,000. These ISD's are out of control in their tax/property grab. We need property tax reform to General Sales Tax. Property owners are getting raped by all of them. ISD, ESD, city, county, state and any swinging liberal that wants a new pet project. Taxation without representation started one famous war.
One shot is all it should take.
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238669
04/16/21 01:11 PM
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Joined: Sep 2004
Posts: 12,420
RedRanger
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Collin County hasn't sent them out, nor do they have the tax value on their website as of yet.
I use a service to fight their appraisal amount, They can do a better job than me.
I have KY out and ready for their "Estimated Value"
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238670
04/16/21 01:12 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
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Frozen. The one good thing about old age.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238671
04/16/21 01:13 PM
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Joined: Jul 2019
Posts: 14,208
Hudbone
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yeah, and it's not right.
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Re: Did yalls taxes take a jump?
[Re: Hudbone]
#8238672
04/16/21 01:14 PM
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Joined: Nov 2011
Posts: 16,819
S.A. hunter
OP
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OP
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A property I bought in late 16 or early 17 has now doubled in its valuation over the original purchase price. Another more significant acquisition has gone up 14.4% over the purchase price since October of 2020.
Geez, Louise Damn, mine is only at a 12% increase.... Time to sale the house and start renting!
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Re: Did yalls taxes take a jump?
[Re: bill oxner]
#8238677
04/16/21 01:15 PM
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Joined: Sep 2004
Posts: 12,420
RedRanger
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Frozen. The one good thing about old age. They have Cialis and I think it now generic
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238684
04/16/21 01:16 PM
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Joined: Apr 2007
Posts: 60,468
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,468 |
My house has doubled in value so hard to complain to much, but taxes are starting to get ridiculous
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Re: Did yalls taxes take a jump?
[Re: BOBO the Clown]
#8238687
04/16/21 01:18 PM
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Joined: Sep 2004
Posts: 12,420
RedRanger
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My house has doubled in value so hard to complain to much, but taxes are starting to get ridiculous Really not a good thing unless you plan on moving to another part of the country or out of the country.
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238688
04/16/21 01:19 PM
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Joined: Mar 2013
Posts: 5,039
jetdad
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They can increase your value, but are limited to no more than a 10% increase in the taxes you pay. This is for your residence. Get a good service and protest it. It's a PIA to do it yourself. Plus it's can be a good ole boy system at some of the CAD's
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238697
04/16/21 01:22 PM
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Joined: Sep 2004
Posts: 12,420
RedRanger
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I thought Governor Abbott had all kinds of Property Tax Reforms he was suppose to enact
I remember the lottery was suppose to fund school districts by lowering property taxes, at least that was their claim to get it voted in.
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Re: Did yalls taxes take a jump?
[Re: RedRanger]
#8238698
04/16/21 01:22 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
I havent live in a house for a year so my taxes never go up.............but yes TX has to do something. They have about cooked their own goose.
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238700
04/16/21 01:24 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
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I used O Conner back in the day. Only charge half of your first years savings.
"O'Connor & Associates: Texas Property Tax Protest & Reduction ... We provide a property tax reduction service to residential homeowners in exchange for a contingency fee of 50 percent of all property taxes saved through administrative hearings or judicial appeal, for that tax year. You are not billed for court costs, appraisals, expert witness fees or legal fees."
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Did yalls taxes take a jump?
[Re: jetdad]
#8238701
04/16/21 01:25 PM
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Joined: Nov 2011
Posts: 16,819
S.A. hunter
OP
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OP
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Posts: 16,819 |
They can increase your value, but are limited to no more than a 10% increase in the taxes you pay. This is for your residence. Get a good service and protest it. It's a PIA to do it yourself. Plus it's can be a good ole boy system at some of the CAD's I didn't know that, but the tax bill is right at 10% I guess the maxed it out as much as the could! The bastards
Last edited by S.A. hunter; 04/16/21 01:26 PM.
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238714
04/16/21 01:30 PM
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Joined: May 2016
Posts: 2,420
yotehater
Veteran Tracker
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I believe the rule is that if they tax over that amount it is subject to a recall vote. Not that they can't tax you that much of an increase. We lost our petition for a recall. Not enough people cared to even protest. Just be a sheep and stfu.
One shot is all it should take.
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238721
04/16/21 01:34 PM
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Joined: Sep 2004
Posts: 12,420
RedRanger
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Tax Code Section 23.23(a) sets a limit on the amount of annual increase to the appraised value of a residence homestead to not exceed the lesser of:
the market value of the property; or the sum of: 10 percent of the appraised value of the property for last year; the appraised value of the property for last year; and the market value of all new improvements to the property. Tax Code Section 23.23(e) defines a new improvement as an improvement to a residence homestead made after the most recent appraisal of the property that increases its market value and was not included in the appraised value of the property for the preceding tax year. It does not include repairs to or ordinary maintenance of an existing structure, the grounds or another feature of the property. Tax Code Section 23.23(f) states that a replacement structure for one that was rendered uninhabitable or unusable by a casualty or by wind or water damage is also not considered a new improvement.
The appraisal limitation only applies to a residence homestead. As stated in Tax Code Section 23.23(c), the limitation takes effect Jan. 1 of the tax year following the year in which the homeowner qualifies for the homestead exemption. It expires on Jan. 1 of the tax year following the year in which the property owners no longer qualify for the residence homestead exemption.
https://comptroller.texas.gov/taxes/property-tax/valuing-property.php#:~:text=The%20appraised%20home%20value%20for,than%2010%20percent%20per%20year.&text=10%20percent%20of%20the%20appraised,property%20for%20last%20year%3B%20and
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238750
04/16/21 01:47 PM
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Joined: Oct 2012
Posts: 25,276
Creekrunner
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Similar increase here. I'm in the same county as the OP. Everyone knows home prices are through the roof, so they're trying to make hay while the sun shines. And, "'Cause of covid" they're relishing keeping those doors locked and not having to deal with the public they tax. It's a win-win! 'Most I ever paid for protest commission was 25%. 50% seems like highway robbery.
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238753
04/16/21 01:47 PM
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Joined: Nov 2017
Posts: 19,272
Biscuit
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238764
04/16/21 01:50 PM
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Joined: Jul 2008
Posts: 21,617
pegasaurus
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Funny thing about getting older: Your eyesight starts getting weaker but your ability to see through people's BS gets much better.
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238784
04/16/21 01:55 PM
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Joined: Feb 2011
Posts: 4,243
Erny
Extreme Tracker
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Extreme Tracker
Joined: Feb 2011
Posts: 4,243 |
Yep increase it the max amount every year.
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Re: Did yalls taxes take a jump?
[Re: RedRanger]
#8238797
04/16/21 02:02 PM
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Joined: Jan 2014
Posts: 12,763
Paluxy
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I thought Governor Abbott had all kinds of Property Tax Reforms he was suppose to enact
I remember the lottery was suppose to fund school districts by lowering property taxes, at least that was their claim to get it voted in. The lottery does go to schools but overall it's not much. School spending is way up. The property tax cap legislation passed by Texas GOP was a sham, increasing property values was all part of the plan.
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238818
04/16/21 02:13 PM
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Joined: Oct 2004
Posts: 39,544
redchevy
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School districts need to be severely reigned in. I know of a piece of property a local school district bought for almost $2.50 a square foot, they could have bought something for less than half that... we are talking an $8,000,000 faux paw here and the taxpayers will eat ever cent of it. That doesnt include building the school.
My property taxes on the house went up over 20k this year. Im fine with what they have it valued at, they are $100,000 under market, but the taxes need to be addressed.
It's hell eatin em live
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238826
04/16/21 02:17 PM
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Joined: Oct 2008
Posts: 16,783
68rustbucket
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Haven’t gotten ours yet, but they should be frozen this year due to over 65 exemption.
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Re: Did yalls taxes take a jump?
[Re: S.A. hunter]
#8238829
04/16/21 02:19 PM
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Joined: Nov 2011
Posts: 16,819
S.A. hunter
OP
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OP
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Joined: Nov 2011
Posts: 16,819 |
I looked back, and in the previous five years it went up no more then two hundred a year, and even went down one year. This year really jumped...... maybe its because of covid... why not..
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