TTMA property tax assessments

[tgrimes]

I have thoughts for you but I’m at the dr with H so I’ll post after I get home.

[tgrimes]

First of all, what did you have to do the last time you appealed?

Usually taxable value (appraisal value) and market value are 2 different things. Here, when some buys a house, the appraisal value goes up to whatever they purchased it for. There’s not very many instances where I’ve seen the appraisal district lower a value at an appeal, in this situation.

At a normal appeal, you’d need to bring in evidence as to why your value should be lowered. That may be lower values of other homes close to you that are similar to yours or recent sales of homes similar to yours that sold for a lease value, etc.

Can you see what your land vs improvement value is? Do they separate it there?

[tgrimes]

Your state handles things differently than Texas. Here we have an appraisal district that is responsible for appraising the properties, handling the exemptions, etc. they’re who you’d appeal your value to. The taxing jurisdictions set their own tax rates based off the taxable values in their jurisdiction and their budgets. So, the school district wouldn’t be able to raise your value, like what is happening in your area.

Market value is what you could sell your house for and appraisal value is your taxable value.

My suggestion would be to gather information on properties that are similar to yours and what their values are. Is it public information in your state to see what properties sold for? If so, I’d get that info to show them too.

[tgrimes]

No problem. Property taxes is what I do for work.

My FIL protests his value every year. The initial round you just fill out paperwork, submit it and they come back to you later saying whether it was denied or what they lowered it to. If you’re not happy with it, you can go in front of the appraisal review board. He did that and brought in a shit ton of evidence from all of the houses in his neighborhood.

The board ended up raising everyone else’s values instead of lowering his. Lol!

Now he just does the initial protest. Lesson learned.

[mskatiep]

Feb 22, 2018 17:16:56 GMT -6 tgrimes said:

No problem. Property taxes is what I do for work.

My FIL protests his value every year. The initial round you just fill out paperwork, submit it and they come back to you later saying whether it was denied or what they lowered it to. If you’re not happy with it, you can go in front of the appraisal review board. He did that and brought in a shit ton of evidence from all of the houses in his neighborhood.

They board ended up raising everyone else’s values instead of lowering his. Lol!

Now he just does the initial protest. Lesson learned.

Lol when I was reading this earlier this afternoon, that was my first thought lol. Almost a careful what you wish for situation.

[Sunny41]

How did it go mamabear?

[Sunny41]

Feb 24, 2018 12:27:52 GMT -6 mamabear said:

Feb 24, 2018 8:38:34 GMT -6 Sunny41 said:

How did it go mamabear?

As well as it could! The SD lawyer came in with a vlaue close to our purchase price. DH disagreed and pointed to a range much closer to the comps, and the lawyer said if you can agree to the top of the range we can settle this now, so we did! Value is now about 30k above orginal tax value, but 25K lower than the SD number.

Wow, that is a significant range. Way to bev strong with the appeal!

[tgrimes]

That’s great mamabear!

[tgrimes]

Feb 24, 2018 18:05:31 GMT -6 mamabear said:

Feb 24, 2018 13:48:34 GMT -6 tgrimes said:

That’s great mamabear!

Thanks! Only other downside is we will owe the difference in taxes for this whole time....2 years :/

Well that sucks.

Your property tax appraisals need to be restructured like ours. That way this wouldn’t happen.

[tgrimes]

The appraisal district outs a value on your property and mail out the information to you end of March. You have till May 31 to protest the value. You can always do a late protest but it’s a 10% penalty.

They would never be able to say, “hey, 2 years ago your value should have been much higher so we’re going to raise it and now you owe extra money for all of those years.”

Does that make sense?

[tgrimes]

The only time they can go back is if you previously had an agricultural exemption and sold the property, you were getting an illegal homestead, over 65 or disability exemption, or you had omitted property.

But none of those scenarios effect the value, just how much you owe in taxes.

[tgrimes]

The tax bill comes out late oct to early nov. you have to jan 31 to pay it. Usually the appeal is completed by then, but if it’s not, you pay the tax based on the value you believe you owe. It’s one of the requirements of the appeal.

[tgrimes]

Back in 2013-14 there were a lot of appeals that got denied. So people sued the appraisal district. Now we’re seeing a bunch of refunds based on those suits finally getting settled.

[tgrimes]

Feb 25, 2018 6:59:57 GMT -6 mamabear said:

Tha is again for your help!

You’re welcome!