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tketaco
Houston Astros Fan
SoHo Vatos
Member since Jan 2010
13135 posts

Can Houston adjust your appraisal value from the sales price?
Wife and I went to protest our Tax increase. Argued that their comparables were not matching up to ours (ie slight larger squat footage and additional bedroom and bathroom). They wouldn’t allow us to turn over the remainder of our evidence in the rebuttal.

But some how the appraiser pulls up RedFin showing what our house sold for (which was 20k more than their appraisal) . The Redfin was never part of their packet of evidence. So they adjusted our Market Value 20k.

Can they seriously increase our Appraisal by 20k and tax the shite out of us with that?


tigersfan1989
LSU Fan
Louisiana
Member since Oct 2018
86 posts

re: Can Houston adjust your appraisal value from the sales price?
I don’t see why not. An appraisal is the value of which one is willing to pay.


Ice Cream Sammich
LSU Fan
Baton Rouge
Member since Apr 2010
9618 posts
 Online 

re: Can Houston adjust your appraisal value from the sales price?
quote:

I don’t see why not. An appraisal is the value of which one is willing to pay.


Makes sense to me.


crazycubes
Member since Jan 2016
4827 posts

re: Can Houston adjust your appraisal value from the sales price?
quote:

pulls up RedFin showing what our house sold
sounds like that should be your number , no?

For the record, you can use that data to help you out as well. If one is appraised high for the same year they bought the home, the county has to give you the selling price for that year. Now, the next year , they can jack you up.
This post was edited on 9/16 at 7:28 pm


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tketaco
Houston Astros Fan
SoHo Vatos
Member since Jan 2010
13135 posts

re: Can Houston adjust your appraisal value from the sales price?
But I was thinking the City Assessment could only compare other properties to mine. What i paid for it is subjective I would think.

ETA: well shit, my wife’s an attorney and wanted to head this. I brought up that that the appraisal was way lower than what we bought the house for. Sounds like we should have shut our mouths and never protested.

I brought it up prior to meeting with the board btw. Never told them.
This post was edited on 9/16 at 7:37 pm


LSU
LSU Fan
Houston
Member since Oct 2003
7588 posts

re: Can Houston adjust your appraisal value from the sales price?
quote:

But I was thinking the City Assessment could only compare other properties to mine. What i paid for it is subjective I would think.


I moved to Houston 3 years ago. We paid about $12,000 more than the assessed value. I inquired about protesting because I heard everyone did it. I was advised not to protest during the first 2 years since they'd likely increase the assessed value to my purchase price.

This year the assessed value went up significantly. I hired a tax protest company & they got the assessed value lowered by $20,500 last month.


tketaco
Houston Astros Fan
SoHo Vatos
Member since Jan 2010
13135 posts

re: Can Houston adjust your appraisal value from the sales price?
quote:

This year the assessed value went up significantly. I hired a tax protest company & they got the assessed value lowered by $20,500 last month.


Yeah my boss brought up a Tax Protest Company. Sucks knowing we screwed ourselves. It would have happened eventually I guess, it will help the wife feel better about it.


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LSUFanHouston
LSU Fan
NOLA
Member since Jul 2009
17364 posts

re: Can Houston adjust your appraisal value from the sales price?
So you protested and after the protest your assessed value went up by 20K?

That sucks.

But a recent sales price of the actual property is about as good a measurement of value as you can get, right?


hungryone
LSU Fan
river parishes
Member since Sep 2010
9692 posts

re: Can Houston adjust your appraisal value from the sales price?
quote:

But a recent sales price of the actual property is about as good a measurement of value as you can get, right?

Exactly. That's what your house is presently worth--what you paid for it. If the sale is recent, seems perfectly fair as a valuation to me.


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32
Bayou Tiger
LSU Fan
Member since Nov 2003
3557 posts

re: Can Houston adjust your appraisal value from the sales price?
If you are in Harris County, just go to Jubally.com and pay $75 for a report. They tell you if you have a case and create the exact report to hand to the appraisers. For me it has worked like a charm.


TigerTailsSoup
LSU Fan
Fort Bend County
Member since Sep 2005
10337 posts

re: Can Houston adjust your appraisal value from the sales price?
In Fort Bend my assessed value is 20% below sales price. Also the assessed value went down from 2017 to 2018. Not saying shite.

Lived in Harris previously and they always checked and went up based on market/ comps. Protested several times and always lost or maybe got a few thousand off one time out of four or five.


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Negatiger1986
LSU Fan
Inside the Leather
Member since Sep 2010
283 posts
 Online 

re: Can Houston adjust your appraisal value from the sales price?
That's crazy. I did the same thing in 2017 and 2018, (formal hearing, I was protesting based on equity comps, not sales comps) and the appraiser discredited Jubally by saying that their calculations were incorrect (which is a lie). The board sided unanimously with the appraiser. I felt totally railroaded. Also, the board was the exact same both years, which seemed strange.

This year, I hired O'Conner and of course they got my value reduced bigtime - I'll save $750 on my property taxes this year over last year. But O'Conner calculates their fee (half of what they save you) excluding the homestead exemption. So I paid them about $550 of my $750 savings, instead of the $375 that I would have expected.

Bottom line is, the HCAD is in bed with O'Conner and the other protest firms, and they're all a bunch of scumbags. Paul Bettencourt owns a protest firm and was previously held the position of county tax assessor. Tells you all you need to know.

The next bottom line is, the tax man always gets his and this is the trade-off for no state income tax. At least you get to choose how much tax you pay (ie how much house you buy).

/rant


Pvt Hudson
Texas A&M Fan
Member since Jan 2013
1074 posts

re: Can Houston adjust your appraisal value from the sales price?
Texas is a non-disclosure State - meaning what’s recorded when you buy is the note (how much you borrowed) and deed that says you paid $10 plus other consideration.

Appraisers use comps to try and figure out what you paid - but when you buy a house, you are your own best comp. when you went in to protest, you opened yourself up to discovery of what you actually paid.

From here - don’t pay a tax protest company. You’ll pay more in fees to them than you save. File your homestead as soon as you can - that will cap the allowable increase per year - and show up right before the deadline to protest each year with a folder full of paper. The “review” appraiser can drop you up to 10% to make you go away. Pushing it beyond that to a hearing isn’t often in your best interest unless they are way over your value.


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Bayou Tiger
LSU Fan
Member since Nov 2003
3557 posts

re: Can Houston adjust your appraisal value from the sales price?
That's odd. I took the year off of protesting my taxes this year but had zero issues in 2017 and 2018. Skipped the informal and just did the formal hearing in front of the panel.

I knew the stuff backwards and forwards and hit the high points in the Jubally packets, where I had also highlighted some of the key numbers for the panel. I had reviewed the HCAD's comps and calcs ahead of time, and hit a couple of points on why the comps were not as representative as those in my packet.

Talked for maybe 5 minutes, no questions, board and appraiser accepted my proposed value. This has happened every time. I am no whiz just reviewed the Jubally packet ahead of time and used their presentation tips.


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