Is Texas real estate slowing down?

[Ruffdaddy]

Finally got around to opening the notice, and our appraisal dropped $12k from last year. The land went up $10k, and house itself dropped $22k. I'm not complaining about the reduced taxes, but this doesn't seem congruent with the actual sale prices in the area, which are still on the rise or flat.

Agreed. I think it's because they have been using predictive/price forecast models and since there was a small dip...they forecast a down trend.

Our house appraised at less than the smaller, lower optioned house next door recently sold for and we have a corner lot.

[Big A]

Finally got around to opening the notice, and our appraisal dropped $12k from last year. The land went up $10k, and house itself dropped $22k. I'm not complaining about the reduced taxes, but this doesn't seem congruent with the actual sale prices in the area, which are still on the rise or flat.

[fordracing19]

Mine went up $35k this year.

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[CyaNide]

Either you live in a badass setup or you need to apply for homestead exemption. Or did you just add the barn?

Already homestead in 2007. Barn was already there when we moved here. Built another metal building 6 years ago. Appraisal went up 5 years ago. I hope they just goofed.

CN

[Ruffdaddy]

I just sent in my protest. They put mine up $96k over last year. I don’t know where they get their info. I am in Johnson county out of the city limits. We protested about 8 years ago and won. They had info on our house and my storage barn incorrect.

CN

Either you live in a badass setup or you need to apply for homestead exemption. Or did you just add the barn?

[CyaNide]

I just sent in my protest. They put mine up $96k over last year. I don’t know where they get their info. I am in Johnson county out of the city limits. We protested about 8 years ago and won. They had info on our house and my storage barn incorrect.

CN

[mikeb]

I got my appraisal notice from Collin CAD today and burst out laughing. Those dipshits increased the value of my house almost exactly 10% and have it at $363K. I'm going to list it in the next three months and was thinking I need to sell it at $340K to get any decent sort of action. Obviously these clowns have gotten lazy.

Those bastards at Collin CAD always had my appraisal $30k (or more) higher than what the house would sell for. I went down there one year to contest the appraisal and they weren't going to budge until I showed them pictures of water damage that we had. We split down the middle between what I wanted and what they wanted and I considered that a victory. While I was there I noticed that other homeowners didn't seem to have much luck getting their appraisals reduced either.

Every year it was the same - open the appraisal notice and shake my head at the increase, even in years where the bottom had fallen out of the real estate market.

[Broncojohnny]

I'm thinking I may pull a Paladin and claim my turdhole is worth $375k just because the tax rolls have it at $363K.

[black2002ls]

For the first time in 10 years...my property taxes went down! Gotta be a sign for sure...hopefully it hits the acreage hard.

Shit, mine went up almost 20k!

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[Big A]

May be too far, but have you checked out some of the larger(ish) properties in double oak, flower mound and even parts of grapevine?

I have been looking at anything that might fit the bill, but that list of wants has gotten longer, simply because we're in no rush to move now. School district is still at the top, though I'm not leading the search with it, if that makes sense. Just like when we bought our current place, I'll have looked at every single possibility within 30 minutes of GB/635 multiple times, and likely repeat the process over the next couple years. Part hobby, part picky, one set of parents is in Mansfield and Mom's in Plano, with work being in the middle, so that's been the compass, as this commute gets old, and I don't think getting rid of the Mustang will change that.

It will be interesting to see what the market does over that time, I'll gladly take another "$5k" drop when it comes time to submit an offer.

[Ruffdaddy]

I got my appraisal notice from Collin CAD today and burst out laughing. Those dipshits increased the value of my house almost exactly 10% and have it at $363K. I'm going to list it in the next three months and was thinking I need to sell it at $340K to get any decent sort of action. Obviously these clowns have gotten lazy.

This was exactly what I expected here in McKinney, but I guess this neighborhood was over valued last year.

This edit makes a helluva lot more sense, I was thinkin to myself "how in the world does $5k move the needle on a likely $800k+ property."

We were looking to move out that way in the relatively near future, but the office now being in Las Colinas changes that. Sucks too, because comparable properties in Southlake are older and more expensive per sqft in many cases, though I do like the older growth landscaping (trees).

Same here...i thought the 5K comment was sarcastic.

May be too far, but have you checked out some of the larger(ish) properties in double oak, flower mound and even parts of grapevine?

[Big A]

Kick-ass!

Those three homes that I mentioned above came down $50k'ish each, now we're getting somewhere.

This edit makes a helluva lot more sense, I was thinkin to myself "how in the world does $5k move the needle on a likely $800k+ property."

We were looking to move out that way in the relatively near future, but the office now being in Las Colinas changes that. Sucks too, because comparable properties in Southlake are older and more expensive per sqft in many cases, though I do like the older growth landscaping (trees).

[dcs13]

Obviously these clowns have gotten GREEDY.

Fixed that for you. I caught those bastards counting my cows. They wanted to pull my AG exemption. Luckily I held them off another year. We left last July, Fuck Collin county..

[Broncojohnny]

I got my appraisal notice from Collin CAD today and burst out laughing. Those dipshits increased the value of my house almost exactly 10% and have it at $363K. I'm going to list it in the next three months and was thinking I need to sell it at $340K to get any decent sort of action. Obviously these clowns have gotten lazy.

[Rick Modena]

I closed last Monday. Dave Ramsey would be pissed at my 100% financing.

Kick-ass!

Those three homes that I mentioned above came down $50k'ish each, now we're getting somewhere.