YouBet said:

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ChoppinDs40 said:

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Red Pear DFW Luke said:

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We're footing the bill every year and that cost keeps growing.

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We need to move to a consumption tax vs. wealth tax. As much as I want to retire in Texas, it's going to become prohibitive unless you live on agricultural exempt land, which is becoming non-existent within 50 miles of decent healthcare facilities.

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Posted this before but Texas is already not a great place to retire from a purely financial standpoint once you factor all of the various tax breaks and other incentives and non-incentives when compared to other states....even some blue states.

This will certainly continue to drop it down the list.

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Yep. That's why I said what I did on the DCAD thread about making moves now to get out of DFW. Turning 40 this year and at current rate even if your house is paid off, the biggest retirement expense will be property tax. Not insurance. Hah.

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I am up 26%. It has gotten to the point that I can barely pay this. The day my youngest graduates I am selling.

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But where do we go?

I'm in Allen and mine went up 38%. Ho lee sheet.

SteveA said:

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Quote:

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I am up 26%. It has gotten to the point that I can barely pay this. The day my youngest graduates I am selling.

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But where do we go?

I'm in Allen and mine went up 38%. Ho lee sheet.

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Not sure, but I am getting the hell out of Texas unless the wife agrees to drastically downsize both in terms of size and quality.

At this point, down sizing wouldn't cost more, since my taxable value has only gone up 10% per year. I would pay more for a house half the size of my current one...

Any recs for a Collin County protest specialist? We bought in 2021 and missed the insane runup in market values, but just caught a 44% tax assessment increase and $100k more than we paid in July.

They arent required to reduce to my purchase price as assessed values are based on 1/1/2022, not July of '21. And I wouldnt mind seeing it get reduced below what i paid.

If I remember your TexAgs handle correctly, you helped my wife and I buy/sell our house in Lake Highlands a few years back. My handle should give away my identity a little easier than yours does.

If I'm remembering correctly, I hope all is well and just curious where you wound up moving to?

just ran our calculation using the exemption calculator (thanks a lot Prosper ISD - $25k off value for Homestead).

$20k in property taxes... lol. ridiculous.

I did the exact same thing as you're describing last year. I bought in June 2020 and protested in May 2021 with purchase price. They didn't lower it all the way down, but they lowered it below the 2020 valuation that the previous owner had.
Good luck with whatever black magic you think you can cook up to get it lower than your purchase price.

W - yep sent you a PM

Mine went up a shade under 40%.

I feel lucky that they only raised mine 4%. I'm debating if I should protest because I literally closed on the house the week of Christmas.


EDIT: 4% over the sale price. looking at assessed value in 2021...it's up 32%.

Predmid said:

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I feel lucky that they only raised mine 4%. I'm debating if I should protest because I literally closed on the house the week of Christmas.


EDIT: 4% over the sale price. looking at assessed value in 2021...it's up 32%.

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Closed around Christmas 2021? If so, I thought it was a pretty much guarantee that they would match your sale price provided the closing documentation.

dvldog said:

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+30.4%

Land +28%
Improvement +31.8%

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If this makes you feel better:

Total +35.2%

Improvements: -37.8%
Land:+275%


Anyone know how to fight the value via appeal? Trying to figure out how to fight it since I need to do that for family members.
Edit: Why is CCAD showing Land size: N/A for all properties??

Ouch

erudite said:

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dvldog said:

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+30.4%

Land +28%
Improvement +31.8%

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If this makes you feel better:

Total +35.2%

Improvements: -37.8%
Land:+275%


Anyone know how to fight the value via appeal? Trying to figure out how to fight it since I need to do that for family members.
Edit: Why is CCAD showing Land size: N/A for all properties??

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Hard to fight land which is why they did that. Dallas flipped the values on us 3 years ago because they figured that out.

YouBet said:

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erudite said:

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dvldog said:

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+30.4%

Land +28%
Improvement +31.8%

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If this makes you feel better:

Total +35.2%

Improvements: -37.8%
Land:+275%


Anyone know how to fight the value via appeal? Trying to figure out how to fight it since I need to do that for family members.
Edit: Why is CCAD showing Land size: N/A for all properties??

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Hard to fight land which is why they did that. Dallas flipped the values on us 3 years ago because they figured that out.

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Soo.. Anyone got protest settlement offers? I got one and I though they were pranking me. Looks like we'll be getting +30% from now on LOL.

erudite said:

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YouBet said:

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erudite said:

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dvldog said:

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+30.4%

Land +28%
Improvement +31.8%

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If this makes you feel better:

Total +35.2%

Improvements: -37.8%
Land:+275%


Anyone know how to fight the value via appeal? Trying to figure out how to fight it since I need to do that for family members.
Edit: Why is CCAD showing Land size: N/A for all properties??

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Hard to fight land which is why they did that. Dallas flipped the values on us 3 years ago because they figured that out.

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Soo.. Anyone got protest settlement offers? I got one and I though they were pranking me. Looks like we'll be getting +30% from now on LOL.

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I haven't received my protest number back yet. I'm not expecting much of a break, if any.

I just got a rejection

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Based on your protest and the information available to us, we are unable to extend a settlement offer.

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Same. Rejection.