No, this is not another "Why you shouldn't move to Texas" rant - OK, maybe it is...
I just received a "Notice of Appraised Value" from the property Appraisal District. The nice folks down at the county tax office think my house is suddenly worth 24%  more than last year! Looks like the vaunted state property tax reform passed three years ago is coming back to haunt us. The basic premise was to increase taxes on businesses in the state which would then be passed on to school districts allowing them to reduce the oppressive property taxes traditionally used for school funding. Here's how it's working out for me:
Year: Yr-over-yr tax increase
2000: 4.9%
2001: 3.2%
2002: 4.1%
2003: 1.6%
2004: 0.8%
2005: 0.6% Property tax reform passed
2006: -3.5%
2007: -6.5%
2008: 10.5% (projected)
2009: 10.5% (projected)
2010: 3.0% (projected)
The reason my 2008 taxes aren't increasing the full 24% in 2008 is due to a 10% per year limit on the amount your appraised value can increase. And yes, I will protest the increase, but living in a rural area with few comparative sales is a handicap - especially when most of the recent sales have been high dollar 3,500+ sf mini mansions in the upscale adjoining neighborhood. 
/rant off/
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Numbers is hard...
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