42% increase here in market value.

1.18% increase. No clue how but not complaining.

House next door just sold for 2x $/sf what I paid in 2020, and it's getting gutted.

10% increase

Been here since 08, have fought unsuccessfully every year. Value is flat for the 4th year in a row, but my assessed value has now caught up to market value. I'm sure I'm set to get reamed next year

mosdefn14 said:

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1.18% increase. No clue how but not complaining.

House next door just sold for 2x $/sf what I paid in 2020, and it's getting gutted.

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Same here only 2% but sales prices in neighborhood have risen 60-70% since we bought in 2020

Ours went up 27% from last year, but have a contact on the house for 57% more than last year's tax value.

Up 22% from last year…

Down 1.4%

Land went up $100k in market value. Improvement went down over $100k. Part of me is a little offended about what they think about my house (j/k but seriously).

One thing I noticed was last year the acreage rate was a flat $125k/acre according to my property card. This year they did $425k/acre for the first half acre and $75k/acre for each additional acre above 0.5 acres.

There's already some confusion on this thread. There's the market value and the appraised value. Appraised value is limited to a 10% rise. No one's taxes are going up 40+% - it's limited to 10% for everyone.

My market value went up 12%.

Kinda hard to argue the appraised value is less since a comp right across the street sold for $50,000 more than my market value.

My 42% increase was from the market value going up $100k. From 229k to 329k. Way more than anyone around me or any of my relatives that live in fort worth. My in law's house actually has a 25k DECREASE in market value for 2022. Don't understand how arbitrary it is at all....

Hey Tarrant County,

I protested last year and was mildly successful (got an increase, but not as much as they initially evaluated).

Somehow this year I got a 0% increase.

They did however increase my land market and decrease my improvement market, but it adds up to the same total as last year.

At least TAD used some of that money to improve the website last year.

RikkiTikkaTagem said:

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Down 1.4%

Land went up $100k in market value. Improvement went down over $100k. Part of me is a little offended about what they think about my house (j/k but seriously).

One thing I noticed was last year the acreage rate was a flat $125k/acre according to my property card. This year they did $425k/acre for the first half acre and $75k/acre for each additional acre above 0.5 acres.

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Same here, market value went up around 20% but it is still well over $150K less than the average of what houses in our neighborhood have been selling for the past year; checked some random neighbors and they are in the same situation.

A problem is that my market-appraisal difference keeps growing so I'm going to be dealing with tax increases even after market values stabilize.

mine up 14%

Rental property went up 76%!! WTF?!?! Going to the protest with a signed contract. Will sell for that.

Property taxes in this state / city are highway robbery.

Up 15% since last year but still less than 10% over what we paid 5 years ago

I'm not clear on whether or not I should protest the market value (+32% Y/Y) given the fact that there is no way I could argue it down to appraised value (+10% Y/Y)

Is there benefit to protesting the market value currently or is the protest only available for appraised value?

Sims said:

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I'm not clear on whether or not I should protest the market value (+32% Y/Y) given the fact that there is no way I could argue it down to appraised value (+10% Y/Y)

Is there benefit to protesting the market value currently or is the protest only available for appraised value?

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Protest the market value because they'll up it another 10% each year until they reach that market.

Up $105K/ 20%

Yesterday said:

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Sims said:

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I'm not clear on whether or not I should protest the market value (+32% Y/Y) given the fact that there is no way I could argue it down to appraised value (+10% Y/Y)

Is there benefit to protesting the market value currently or is the protest only available for appraised value?

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Protest the market value because they'll up it another 10% each year until they reach that market.

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How does protesting this year's market value affect next year's market value?

It doesn't affect next year's market value. But, if market value increases 2% next year, and your market/appraised value are approximately equal, then appraised value only increases 2%. But, if you don't protest and leave market value way higher than appraised value then appraised value has more room to climb next year even if market values barely rise.

I'm still trying to grasp the idea here.

They can only go up 10% on the Assessed Value from last year. So if Market Value went up by 35% this year on a $450k property my Assessed Value will still only be $495k even though Market Value is now $608k. The following year they can go up another 10% on the $495k getting me to $545k which is still below this year's $608k. Now maybe in Year 3 I think about protesting as those two values get closer to each other but for this year it just feels like a waste of time.

I must be missing something because I've heard the protest every year opinion before.

Edited to change "Appraised Value" to "Assessed Value".

bigtoneag said:

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I'm still trying to grasp the idea here.

They can only go up 10% on the Appraised Value from last year. So if Market Value went up by 35% this year on a $450k property my Appraised Value will still only be $495k even though Market Value is now $608k. The following year they can go up another 10% on the $495k getting me to $545k which is still below this year's $608k. Now maybe in Year 3 I think about protesting as those two values get closer to each other but for this year it just feels like a waste of time.

I must be missing something because I've heard the protest every year opinion before.

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If you protest market value this year and reduce it from $608k to $495k (matching appraised value), then next year if market value goes up 1% the new market value will be ~$500k and appraised may then be taxed at ~$500k instead of $545k.

Now that makes sense. But getting market value down that much this year is not likely.

bigtoneag said:

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Now that makes sense. But getting market value down that much this year is not likely.

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Bingo - our value went up like 27%, but it's still nowhere close to market value (which right now is 20% higher than the county's appraised value). I'm curious how folks think they are going to lower their values. Would take some very "creative" comps.

<wrong thread>

My market value went us 23% this year. Appraised value went up the 10% as expected. I protested and got market value down to approximately appraised value without much effort. So, they came down about 13% on market value.

The only way I can think of to lower assessed value is to greatly reduce your market value. That can be done with estimates for repairs - maybe you need a new roof, or resurfacing a pool. Present real, current estimates for repair costs to your home and they'll often reduce dollar for dollar.

Is a homestead supposed to limit the increase in assessed value when you purchase a home?

Such as if it was valued at $200K in 2021, you bought it, then it was assessed for $500K in 2022. Should the homestead limit that or does it all reset when you purchase the home?

Everything resets, although I don't know if that happens in 2022 or 2023 (I would assume 2022). We bought our first house from someone getting senior rates and we had to pay the full rates that same year (got an updated tax statement after we were granted our homestead exemption). A-holes prorated the taxes on the closing statement based on senior rates and then never reimbursed us for the higher rates we ended up paying, which were nearly double what they had paid.

wbt5845 said:

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There's already some confusion on this thread. There's the market value and the appraised value. Appraised value is limited to a 10% rise. No one's taxes are going up 40+% - it's limited to 10% for everyone.

My market value went up 12%.

Kinda hard to argue the appraised value is less since a comp right across the street sold for $50,000 more than my market value.

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Well then why does the county website show the same number for both the Market & Appraised Value? The Market Value is up nearly 40% and the Appraised Value matches that.

Am I missing something here?

Corps_Ag12 said:

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Well then why does the county website show the same number for both the Market & Appraised Value? The Market Value is up nearly 40% and the Appraised Value matches that.

Am I missing something here?

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Do you have a homestead exemption on the property you're asking about?

Yes we filed it last year after we built