Ours it's the same, too. All those threats of losing value due to Harvey aren't true? Or the City wants its cash!?
The appraisal district is independent of the city, the county, the school district and other taxing authorities.
I am of the opinion that they kept all valuations at the same level to try and placate the populace. In reality, until the sand mining ceases and the river is dredged, our home values have without a doubt decreased regardless of current home sales. I am protesting on that basis and I suggest you do the same.
Our home values are in a very precarious situation right now. One more flood and we are all screwed. For them to ignore this fact needs to be hit head on.
I won't be protesting. Our tax bill is fixed at 2012 rate due to hubby's (cancer) disability. He lost body parts for that! But just a reminder, if you are permanently disabled, a Veteran, or over age 65, you can file for Homestead Exemption form at HCAD.com Our Property Tax bill was $67.10. Harris County. IDK if Montgomery County offers this?
You won't be notified of this offer at age 65, this has never been "advertised". You have to file on your own with HCAD. In fact, you have to go back to the site to see if you've been approved. It will also fix your School Tax on the day you become exempt.
" until the sand mining ceases and the river is dredged, our home values have without a doubt decreased regardless of current home sales. I am protesting on that basis and I suggest you do the same."
I'm not sure I understand? If houses (that aren't flooded) are selling for the going rates of appreciation, how is our home values decreasing if sales prices are up? I have experienced a big jump on my home's value already in the less than 2 years I've owned it..people are getting offers the first day in my area. Houses are in pending before pictures hit the Internet.
The HCAD appraisals on homes is not necessarily indicative of market values, tho they have been trying to better connect the two in the last few years with the appraisal value AND market values now being shown. Previously, Appraisal values have just been a number that give people a basis for a home's value and the selling price could easily differ either way, up or down.
Has anyone in Kingwood that was flooded received their appraisals? My cousin in Houston received a letter letting him know it would take longer to find out his new appraisal I do agree that one more flood in Kingwood might be bad for appraisals We need to fix sand problem along with other things now
The whole city flooded. The hurricane flooded everywhere it went in the country. My part of Kingwood didn't, and my flood insurance didn't even go up- I'm not concerned, unless something changes to cause me to think differently.
We flooded and the appraisal came in slightly lower than last year's. People I work with in Houston who flooded got a letter stating the appraisals were delayed due to flooding. Mixed bag wherever you look this year.
We got 5" and got a letter saying they will be doing some home inspections to better access values, they don't know how long it will take,and that we will have this to days to protest. I'm going to protest regardless. We are in West Houston.
The fact of the matter is that the market has been all over the place since the flood. Initially homes were selling quickly, even flooded ones, but that has slowed down.
As reality is setting in that Kingwood has a huge problem that could take years to fully address, I believe we will see a decrease in value and God forbid it flood here again any time soon. It's bad enough that the river has been out of it's banks twice recently after insignificant rainfalls.
As for HCAD valuations, they have had market and appraised values listed for a long, long time already. Their valuations are very much based on market values. They've been tapping into the MLS system for awhile now. Matter of fact, the new MLS system that is now mandatory for all agents (wifey is one) displays recent home sales for everyone to see.
Kingwood got much of the help it needed during the flood due to media attention. (Thanks, Everyone!) The nation heard and saw what was happening to Kingwood and came running. The sensationalism alone could hurt us in the long run. That is, unless you live under a rock!
if you are permanently disabled, a Veteran, or over age 65, you can file for Homestead Exemption form at HCAD.com
No, that's not correct. A homestead exemption removes part of the value of your property from taxation and therefore lowers the amount of your property taxes. Your home qualifies for an exemption if 1) you own it, and 2) it is your principal place of residence in January, when the county assesses annual property taxes. The amount of the exemption depends on state and county laws.
Age 65 or older and disabled exemptions: Individuals age 65 or older or disabled residence homestead owners qualify for a $10,000 homestead exemption for school taxes, in addition to the $25,000 exemption for all homeowners. If the owner qualifies for both the $10,000 exemption for age 65 or older homeowners and the $10,000 exemption for disabled homeowners, the owner must choose one or the other for school taxes. The owner cannot receive both exemptions.
Optional age 65 or older or disabled exemptions: Any taxing unit may offer an additional exemption amount of at least $3,000 for taxpayers age 65 or older and/or disabled.