San Antonio Nesties
lauren&matt
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
PSA- 2008 property taxes are out.
www.bcad.org
Hope you see what you want to see!! I didn't and I'm going to dispute! (From what I understand you have to wait until you get your paper statement in the mail to dispute.)
GL!
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Re: PSA- 2008 property taxes are out.
Ours went DOWN $7000. Kinda weird...but we'll take it!
I got my paper statement in the mail today.. But this website is great. I was trying to figure out if it was reasonable and you can compare by only typing in your street address instead of number and street address.
So are we sure they don't go back and adjust the 2007 taxes (and then ask you for the $$)??
Oct- I'm 99% sure they don't. I know they didn't in Ft. Worth....
I got my paper statement too. Ours went up.... I'll attempt to protest for sure.
?Yea, bcad.org is a fun (and sneaky) website! It gives you a great idea how much others have paid for their homes. Of course, it's very rarely accurate (if ever) but it gives you a ballpark.
All I know is I want to know what's in one of my neighbors homes that makes it appraise almost double mine!?
Yeah, I can't complain with ours, but two of our neighbors who have similar houses were appraised at almost 20k less that ours.. I'm not sure why.. Do you think it's worth disputing that amount? I know it's good to have a higher appraisal, but I'd like to pay less taxes:)
Probably not since you're a new build. I'm disputing bc my taxes are more than what I paid for my house! So unless they're more than what you paid, I don't know what ground you have.?
From what I understand, it's easier to dispute if you have an older home.??
It never hurts to dispute. The most they can say is no, right?
Also, your tax appraisal is NOT an indication of your actual property value...if that makes sense. The amount your house can increase each year is capped at a certain %. For example, our house is valued about $50K less than what we would list it for if we sold it today (based on what comp. homes have sold for in our neighborhood). My in-laws house across the street is valued at least $75K less than they would list their home for. The SA market has increased in value more than what bcad can legally increase your appraisal value by.
But, that's one of the reasons why if you've recently bought your house and its still being appraised at less than you paid that its really hard to challenge bcad on their appraisal.?
THere should have been an appeal form included with your assessment. You can fill that out and take it to a hearing to challenge the assessment.
Are you a new build? If so, since you just bought your house you probably have a good case and could get it reduced to the home's sale price.
If you're house isn't a new build, then I would also pull comps from bcad's website and take that with you, and also your roll value history. I would show them the % that other houses increased over yours. All of that will be good to have because they could argue that you paid less than the house is worth b/c of the current housing market, etc.
?
Ooh! We're DOWN $6K on assessed value, which is hilarious, because I've been watching comps in our neighborhood and values are actually up YTD on a PSF basis. I'll take it though!
I am an appraiser and have protested property tax assessments for corporate clients in the past, but the same rules apply to residential property. The following is not tax advice.
You can absolutely protest your assessed values. For the poster who bought their house 4 months ago for $X, you have the perfect comp - the price you paid for the house. A property is worth what a willing buyer and seller will accept in an arms length transaction. You should also pull several (read: at least 3) GOOD comps from your neighborhood. Since the appraisal district values your home as of Jan 1, comps should be from Nov/Dec (if possible). You can ask your realtor to pull the MLS comps for your neighborhood (most will do this for a very small fee).
The key here is that the home is valued as of January 1. If the market was slow/bad at Jan 1, then the assessed value should reflect that.
The easiest way to use the comps is to determine the sales price on a $ per square foot basis and compare to your own home. You can also make upward or downward adjustments to the value of your home based on differences in lot size, square footage, updates, etc when compared to the comps.
You should also request from the appraisal district the adjustment grid and comps used to value your house. I'm not sure how Bexar county does it, but you can call and ask - there should be a file for your property that you can examine. Also, inquire if homes are assessed at 100% of value, or something less than that. I don't have experience in Bexar county, but many other Texas counties appraise at 80%. Look at how your neighbors homes are valued compared to yours - do things seem to be in-line on a $/PSF basis?
If you disagree with the comps used, you present that info and the data that backs up your argument in your hearing. You should come to the hearing with a value that you believe is reasonable and have data to support.
Page me if you have any questions and I'll try to help the best I can.