WOW

Fannin County

..................................2021..................2022
Structures ...............$430,090.......$548,330
Non Ag/timber land $11,300........$19,220
Ag/timber land.........$260,060......$442,320
Appraised value .......$446,240......$572,470
Total market..............$701,450......$1,009,870

Yeah, I will be scheduling a hearing. There's some math I need them to explain to me. And I am going to explain some to them. The Ag/Timber land went from $3881/acre to $6602/acre. The Non Ag Timber land went from $5650/ acre to $9610/ acre.

Nine years I have had it. Built every single thing on the property myself. In 2013 it was valued at $140,000. My road was terrible then, and it is just as terrible now.

ouch!

You're the only person to have beaten my ankle clinching, and I owe you a heartfelt congratulations. Not only did you exceed my 90% increase, but you did it handily with a 300% mark. Well done!

So, how is this all going to play out?

yup - It's not right for them to skyrocket values year to year decade to decade, but leave the exemption amount still at 1940's amount ?

I protested mine online yesterday in Wood county. They made a settlement offer today exactly $10 over what I suggested the property was worth. I settled. I think they’re having so many protest they’re settling them pretty quick.

If you’re in wood county you have until May 30th to protest. After that you’ve accepted their appraisal. You can do it online. Takes about 10 minutes.

Well, Tarrant County residents approved raising the Homestead Exemption to $40k. That helps a little. I still have 4 more days to submit my protest. I'll be taking pics tomorrow.
'll\

Tarrant county is being super hard nosed this year. My online protest was approved for a $400 total deduction when I asked for $20k. Needless to say, I declined their "offer." Will do it the hard way now. Got my protest filed today. Still hoping for a settlement.

My place has many different surveys. I got a reappraisal for one which is a little under 3 acres. Bandera County out in the country. $17,000 per acre. But it is under AG. Exemption for $180 per acre.

So they feel that my 2/3 acre lot is pretty special!

As per my plan, we way down scaled and bought a beater lake house to use the 65 year old freeze. We bought the place in 2018, the year I turned 65. I am sure that they will come down, but wrong is wrong. Lots of weekend places here that do not have exemptions are suddenly facing $150,000. to $200,000 tax bills. No, I am not exaggerating.

Here is mine in the cheap seats.





Marc

They've gone mad with power.

Grayson county is getting a big talk from me. However big they want.

I feel that we couldn’t move if we wanted to. Doesn’t matter how much our place has appreciated, we would be stuck with 2x property taxes after purchasing another place.

If you can find one is the bigger question honestly.

I’m hoping with the market breaking over the hill as we speak by beating it this year the future increases will be moderate.

If you don’t get it down now I’d be willing to bet they’re not going to volunteer to lower it next year.

I had my talk. The appraiser was a total moron. I was just punching a tar baby. Some of the things he said were incredibly stupid. No way was this guy a state certified appraiser.

Shawn is not state certified. I am and will not help people as it is a losing battle. Their logic is foreign but I am going to give it hell.

If you don't mind me asking, what do you think you could sell for right now?

To fight or not to fight?

I bought 130 acres in Jack County in Feb 2021 for $400k. The 2021 Total Market Value was $284k with Timber value at $9,400…i paid $200 in taxes (It had a Cattle AG)

This year my Proposed Market Value is $790k with Timber value staying the same at $9,400. Estimated taxes at $215! (By the way i successfully switched from cattle ag to wildlife exemption)

The questions: I certainly have no issue with the $215! However, i just started to build a home on this land and plan to move in next summer. If my dirt is appraised at $790k, What is going to happen with my tax bill when my house is built?!!? I dont think i should protest a $215 tax bill even though the dirt isnt worth their $790k estimate. Do i just wait and see what they hit me with when the house is done?

Thoughts?

SherpaPhil, I don't mind sharing but I am not going to put that in writing before I have a hearing. Yes, lakefront properties in the better neighborhoods on this lake have gone nuts. I saw it coming six years ago which is why I picked Cedar Creek Lake. It was still undervalued but big money was beginning to move in from Dallas and CA.

My property taxes in Bastrop County went nuts as Californian's with pockets full of equity money gradually came to Texas. The handwriting was on the wall, so we sold that house in 2017 when I was 64, rented here at the lake and started the hunt. Everything was about finding a lower cost lakefront house and locking in low taxes for the long haul. We bought this one because the place needed a long list of stuff, so it sat empty and just wasn't selling. It has good bones and a really great location - just what I was looking for. You can see where my taxes froze.

I am not a high roller like some folks here seem to be, so a tax burden of a few hundred per month vs. a few thousand per month is not trivial to me.

Marc

I have always wondered with these appraisers for the county, you know they don't make a heck of a lot of money. So in turn they are just screwing themselves as well, unless they are in some sort of super secret tax shelter.

I think you need to deed the property with house on it separately. I know a few people with 100 ish acres exempt and own a separate unrelated 1 acre property with their house on it. That may not be best in your county or even relevant but it’s worth looking into.

I would fight the tax increase no matter what.

Yeah that 1 acre or whatever it is usually homesteaded.