ziggy29
Moderator Emeritus
First, the good news from the 2009 property tax assessment we received in the mail today: the appraised value of our home itself is unchanged from 2008.
The not so good news: They jacked up the appraised value of the land by about 75%, apparently across the board for everyone in town. Last year the appraised value of my land (nearly 1/2 acre) was about $12,200. This year it's nearly $22,000.
Net result: Overall appraised value up 12.5%. And the more land you have, the more you're screwed, at least in the city limits. People with a very small, cheap house on a lot of land may have seen the appraised value jump by 50%. (It's limited to a 10% jump in taxable assessment per year, but that's a lot of years of locked-in 10% tax increases.)
Yeah, I think I could get 12.5% more for this house than we could a year ago. Riiiight.
The not so good news: They jacked up the appraised value of the land by about 75%, apparently across the board for everyone in town. Last year the appraised value of my land (nearly 1/2 acre) was about $12,200. This year it's nearly $22,000.
Net result: Overall appraised value up 12.5%. And the more land you have, the more you're screwed, at least in the city limits. People with a very small, cheap house on a lot of land may have seen the appraised value jump by 50%. (It's limited to a 10% jump in taxable assessment per year, but that's a lot of years of locked-in 10% tax increases.)
Yeah, I think I could get 12.5% more for this house than we could a year ago. Riiiight.