Tax appraiser explains why North Texas home values are rocketing up

[@silvertbird1]

We may not have an income tax in Texas but we certainly get soaked with property taxes.

[@GorgieClarissa]

wait texas has no income tax?! well now I don't feel sorry...

[@trinsit]

They'll find some way to get you.

[@turnne]

@Jon Holland I used to live in Texas....all in ,still one of the best deals in the country. No state or local income tax and you dont pay hundreds( if not thousands) a year to buy tags for your car

[@MYZTICTRAVLER]

There are property tax exemptions and abatements you can apply for in Texas. The three primary categories are age related, veteran/service related' and for nonprofits.

[@MrCarloszeca]

My parents bought a great home in CA, great neighborhood back in the early 70's, low price... value now over $800,000. They're still paying on property taxes about $60 a month, only raise was insurance, about $120 a month.

[@slkgeothermal]

This ladies story proves that you never own your home even when the mortgage is paid off; miss a property tax payment and see who owns it then.

[@555125kevin]

also doesn't help that Texas has some of the highest property tax rates in the US. Unless you're a disabled vet you'll be overpaying in property taxes for your homes value, makes more sense to rent in Texas.

[@madbug1965]

Nope. The county will always be your landlord.

[@victoriagarcia5533]

@@555125kevin It’s because we don’t have a state income tax.

[@555125kevin]

@@victoriagarcia5533 Florida, Wyoming, Tennessee don't have state income Tax, & Texas has more than double their property tax rates. Florida property tax rate is 0.89%, Wyoming 0.61%, Tennessee 0.71%, but Texas 1.8%🤦‍♂

[@victoriagarcia5533]

@@555125kevin Rent is also skyrocketing as a result of high property tax on investment property. If property tax reform occurred, this would likely result in redistributing the tax burden by implementing state income tax or introducing higher sales tax rates to make up this shortfall. Why in the hell is the burden falling on a homeowner? Why was it set up that way.

[@haithal3395]

This is ridiculous how can you own a house that increases every year ? This is a tactic to force people especially seniors out of there own homes!

[@laurenbustamente9285]

Over 65 you won’t be affected by this

[@ThE4EvRPs3GaMeR]

@@laurenbustamente9285 Thats assuming the seniors are aware of this. Not all states have this policy either. Heck, most people dont even know about reverse mortgage...

[@snarlbuckle]

Anyone younger than seniors can't afford the houses to begin with.

[@vikasd.7139]

Home value goes up doesn't mean overall tax collection for the area needs to go up.. the tax rates should comedown accordingly.

[@encinobalboa]

In theory, taxpayers should get a refund if the state over collects. In practice, that never happens. In Kalifornia, surplus is turned into more "programs" which become permanent. When economy turns sour, these programs make the situation even worse.

[@TheFutureEvents]

The value is more in the land than the structure

[@paxundpeace9970]

Yeah

[@juelzd7172]

They need to implement a law where only large investors could only own a small percentage of residential homes

[@trinsit]

It doesn't matter in this case. Beyond investors, with everyone moving here from other states, there is still someone willing to buy.

[@trinsit]

@@robertruge2916 it's not that it's better to be an immigrant. Because we're specifically talking about immigrants that are wealthy enough to move their life to somewhere the cost of living is better for them. They come in because they think it's super cheap compared to what they're used to and gladly spend whatever because they now have the means to afford it. Multiply that times the millions of people doing the same thing and it drives the prices for everything up. The outcome will be entire populations being prices out, just like in Hawaii. The way to get it back? Some homeless native Hawaiians took empty land and started building their own housing, growing their own food, getting back to basics. And it's working. There's a fight against 3D printed housing because it will cost so much less that people will stop buying normal homes once its popularity takes off. But if 3d printed houses make it to market it's inevitable.

[@trinsit]

@@robertruge2916 the point is that we are not living sensibly towards life. We are living for the economy game and losing any sense of union or culture or tradition with each other. It's all about the mighty dollar because we don't know how to live or keep ourselves alive any other way.

[@Chew5219]

So much for Texas being a low tax state

[@timothykeith1367]

I believe some analysts have claimed that Texas is now among the top ten highest taxed states.

[@jml9550]

Although Texas does not have state income tax, its property tax is quite higher. In CA here, we have high income tax but relatively low property tax and prop 13 limit the amount of tax increase per year by 2%.

[@StevenSanchez_95]

Deadass

[@MalluStyleMultiMedia]

Since I got burned pretty bad in the 2008 real estate crash in Chicago, I learned a lot about money and life. My next home in 2016 was 160k in Texas while my friends were going for 500k homes. I just didn’t want to run around working all the time. Small homes are the best. Price probably doubled and taxes increased but still I can manage as of now.

[@Humbleears]

Very good advice!

[@MalluStyleMultiMedia]

@@Humbleears thanks 😊 I’m glad I chose this small house .. with inflation, everything is expensive now

[@jennifervela8804]

The appraisal company must be in cahoots with with who benefits from all the money taken from these tax hikes.

[@trinsit]

Though technically they can write whatever they want, sort of. It's just how our laws are written. Taxes are based on home values. Values are based on comparisons to recently sold homes of the same type. Then everyone from other states moving here drives demand way high and supply very low, driving prices up. I think we need to change to law to account for this.

[@wilberslater9967]

The government doesn't use companies. They do their assessments (not appraisals) in house.

[@encinobalboa]

County Tax Assessor makes appraisal which is political and not based on actual market conditions.

[@diegolara4202]

Appraised value is only one part of the total equation when determining the total property taxes due. The taxing entities will collect the same amount any given year no matter how much property taxes are worth. People seem to think that if appraised values go up by 30 percent, that the counties/cities/school districts get to collect as much as they can. Law caps how much the taxing entities can increase their total "revenue" (3.5 percent max) from the previous year total and they can only collect up to the total budget. That means that if home appraised values go up they have to lower the tax rate to only collect the total approved budget. Not sure why people think that if homes are appraised 40 percent higher than previous year that it means that Counties will collect 40 percent more money just for the fun of it. Educate your self people on how property taxes work instead of just complaining. Also, this started happen in 2019 due the law that was passed so don't use experience from prior to 2019 as evidence that what i said is not true. If you home goes up by more than the average home in your area then yes your tax rate will go up by a bit more than others, but not by as much as the appraisal increase.

[@wes2262]

The system is not designed to let you win or get a head. That’s what most people don’t understand

[@MYZTICTRAVLER]

During this entire time as prices shot through the stratosphere, home owners were full of glee. Home sellers too. But now that the tax bills are due on those astronomical prices, these same people are pleading for tax reform. The price gouging for homes has come back to shred the culprits..... I guess a lot of people are going to sell a lot of homes at a terrible loss or foreclose. Because they can't afford the cost to live given current inflation and through the roof property tax increases. Everything is going up up up up in cost.

[@logotoy]

Good Point

[@jamesshaw3500]

I will bathe in there misery, as they have forced me to sleep rough after my mother died, I will bask in the magnificence of there misery as there whole world comes crashing down around them!!! MUAHAHAHAHUAHAUHAUHAUHAUHUAHUAHUAHUAHAUHAU **COUGH** **COUGH** HAHHAHAAHHAMUAHAH

[@encinobalboa]

Texas property tax is 2% which was no problem when homes were $100k. For their 2%, Texans enjoyed ZERO income tax. It's one or the other.

[@ctvxl]

It is truly criminal that there should be ongoing tax on a person's primary home. Investment property, I can see, but not your main residence. This needs to change.

[@craig162]

How is a town or state going to run without taxes ? Schools/police/fire is paid by taxes.

[@ctvxl]

@@craig162 sales tax. Makes much more sense than taxing citizens for home ownership

[@GorgieClarissa]

your home is an investment. also, this is something that occurs throughout the rest of the world. it is what pays for schools and communities.

[@GorgieClarissa]

@@ctvxl no that doesn't......

[@ctvxl]

@@GorgieClarissa Yes, and if you sell it for a gain, they hit you with capital gains tax. THAT is the tax on your investment returns. The property tax is not justifiable and is immoral.

[@dbrew2u]

As your Taxes rise due to a Homes increased Value . The same will happen with your Home Owners Insurance . Millions of Retirees who own their Homes are now at extreme risk due to these never ending increases in Property Values . This is happening all across the Country . Not just in Texas .

[@trinsit]

It's how they're going to take people's houses from them in foreclosures. Forget dealing with a border crisis. We have an in house problem that's going to legally displace plenty of people.

[@mrrod3004]

Retires, 65+ are tax exempt so...

[@diegolara4202]

Appraised value is only one part of the total equation when determining the total property taxes due. The taxing entities will collect the same amount any given year no matter how much property taxes are worth. People seem to think that if appraised values go up by 30 percent, that the counties/cities/school districts get to collect as much as they can. Law caps how much the taxing entities can raise their total "revenue" from the previous year total and they can only collect up to the total budget. That means that if home appraised values go up they have to lower the tax rate to only collect the total approved budget. Not sure why people think that if homes are appraised 40 percent higher than previous year that it means that Counties will collect 40 percent more money just for the fun of it. Educate your self people on how property taxes work instead of just complaining. Also, this started happen in 2019 due the law that was passed so dont use experience from prior to 2019 as evidence that what i said is not true. If you home goes up by more than the average home in your area then yes your tax rate will go up by a bit more than others, but not by as much as the appraisal increase.

[@benproffitt5957]

Sounds like a way to force people out so wealthier people can get their home or land.

[@aristotlekumpis7095]

She could do a cash out refi and pull out $50K to make some repairs. That’s what most people do. Or sell the home and pocket the equity.

[@economicdevelopmentplannin8715]

Or rent rooms.

[@MalluStyleMultiMedia]

We all need multiple sources of income these days …

[@MalluStyleMultiMedia]

Really sucks … hard to move to another neighborhood after settling down

[@sa3270]

Abbott keeps promising lower property taxes but he doesn't deliver. Why do people keep re-electing Abbott?

[@ganthc]

The state’s rates haven’t really changed much. You might see what your local rate is. Every time you vote yes on a local bond initiative, you are voting to raise your property taxes.

[@frankcoffey]

If the county appraises for that amount lenders should be required to use that appraisal when refinancing or getting rid of PMI, but that's not the case. You have to pay for a "real" appraisal and it's always lower than the county one and puts you at a disadvantage during the refinance.

[@ganthc]

Does she not own a homestead exemption? Does she not protest every year? If she bought 18 years ago, her actual taxed amount should be way lower than $700K.

[@Ishthemane4]

That's what I'm saying!

[@diegolara4202]

Some people are stupid and ignorant about the taxing system or the media tries to fear monger everyone into thinking their tax rates will increase by the same percentage as their appraised value increase.

[@AdrianArthurBray]

Flee California to avoid income tax, and end up paying forever higher property taxes. Oh well...

[@craig162]

Not in Florida. I moved from CT and everything is cheaper in Florida. No income tax and my property tax is a third of what it was in CT and a bigger house. Some states like CA/NY/ CT tax you to death and you get nothing for it.

[@Jbk0860]

@@craig162 idk. I think I’d rather move to TX than Florida

[@nick32121]

Its ok out property taxes in Cali are high too... You buy a cheap 650k house and your looking at a 8400 tax bill

[@paxundpeace9970]

Still hear the volks saying go to Texas.

[@paxundpeace9970]

@@craig162 Florida home prices and rents are getting unaffordable for many. People already packing for Georgia.

[@galupproperties3098]

Weird my rental in pa still had the exact same property tax bill.

[@2-old-Forthischet]

California has a Prop 13 that was implemented decades ago which kept property taxes under control. It was put in jeopardy when another proposition passed a vote that addresses people who inherit property from deceased property owners. This is a result of people not reading propositions before voting on them. California now has a $97.5 BILLION budget surplus. Tell me politicians are doing what is good for the public.

[@Ishthemane4]

But prop 13 has also contributed to the largest population of homeless and homeowners not selling because they'll loose the property tax advantage leading to shortage of homes. It's not all sunshines and rainbows

[@2-old-Forthischet]

@@Ishthemane4 I beg to differ. The homeless here are mainly here for the freebies. Many are from out of state and come here due to the better climate. The new property tax law allows people who inherit the homes to pay the same tax only if they live in it, otherwise, it gets reappraised at the current market value. We in California were spoiled by Prop 13. Look at what is happening in other states where people who have lived in their homes all their lives all of a sudden can't afford the new appraised value of their homes which drives their property taxes through the roof! Decades ago, my parents had to sell their home in Hawaii because on their fixed retirement income, they couldn't afford the rising property taxes. Prop 13 in no way caused homelessness. People caused homelessness.

[@Ishthemane4]

@@2-old-Forthischet I disagree, government policy has caused homelessness. It is very hard to build new homes in California and combine that with prop 13 causing a shortage of homes leading to higher unaffordable prices

[@2-old-Forthischet]

@@Ishthemane4 how exactly did a proposition to control taxes create a shortage of homes? There are homes being built today on every available piece of dirt where I live. Some of these parcels have been vacant for decades. Okay, so explain what government policy caused homelessness. I was homeless for two weeks once, but I took on any job I could find. You can't say that about the current crop of homeless.

[@Ishthemane4]

@@2-old-Forthischet yes but how many of those homes can be bought by people not making an insane amount of money (150k+)? That creates homelessness when homes are not relatively affordable and then barrier to entry for buying a home is to high. The way I interpret Prop 13 is an individual who buys a home gets a cap on their taxes. So this would reward those that bought previously and disincentive people to sell their home loosing the cap thus creating a shortage driving up prices. Government policy of rewarding those who are homeless, sweeping it under the rug while simultaneously throwing millions if not billions at the problem. The government is to blame, it's the politicians who don't understand the problem and keep throwing money at it to get kickbacks.

[@jasonpierce1980]

Well you elected the people in the office. There's no reason to raise the property taxes just because the property value went up because of what the city employees appraised it for 🤦

[@jefflewis2096]

True. I shouldn't have to pay double taxes because my neighbors sold their house. Instead, maybe sellers should pay a capital gains tax to offset the rise in property taxes. Or, just change the tax law through petition to an actual value property taxes instead of a market value system. Without petitions, local or state governments have no motivation to change policies. Market evaluations are extortion

[@laurens.2503]

The video just explained to you it went up due to supply and demand. Has nothing to do with who they voted for.

[@jasonpierce1980]

@@laurens.2503 It has everything to do with who they voted for... Supply and demand 😂😂😂😂 You keep telling yourself that..

[@laurens.2503]

@@jasonpierce1980 Not very smart, are you?

[@jasonpierce1980]

@@laurens.2503 So if they told you the Earth was flat. You would believe them 😂😂😂😂 Smart enough not to believe everything I hear unlike you.

[@consolemaster]

My town don't appraise the value like the bank appraisers. So, we are fortunate to have a small increase in tax in NH.

[@kossttamojaan]

So many of my friends couldn't understand why I didn't move to Texas when they did. I was never drawn to Texas in any way but now I am SO grateful I listened to my gut and stayed away from there.

[@mrrod3004]

We don't have income tax, vechlw registration about 15$ here compared to thousands in other states and 65 year are older is tax exempt. Also you csn put a goat in your yard rhats considered agricultural and now your tax exempt. We pay far far less then others. Also 160k home here cost a million or more in other states. You get far more for your money here.

[@1986subway]

"we are just going to allow ourselves to take as much money as we can because we can"

[@sa3270]

Home insurance is up a lot too.

[@moa3008]

Dilapidated houses should never be priced at $744,000. .

[@rr8960]

You think that’s bad! Taxes in Oregon are insane!

[@heismyrefuge1027]

By design, they want you to own nothing. Store your treasures in heaven. These worldly possessions will fall away. We aren’t here to live a comfortable life, retire and die. This is a spiritual war and if you think otherwise you will find out. Jesus is the only one ☝️ who can save us from this satanic slave society. Mathew 6:19-21 Ephesians 6:12

[@wilberslater9967]

Those aren't appraisals they are assessments. And anyone working for the government that didn't personally inspect your home is an assessor.

[@midengineZ06]

This is getting ridiculous!!! my property taxes increased by 62%

[@diegolara4202]

Your appraised value increased by 62 percent not your taxes. Please educate your self on how property taxes work in Texas. If homes went up by that much then they will have to lower the tax rate to only collect last years total revenue plus 3.5 percent unless voters decide they want to pay more through an election.

[@teebone2157]

I'm sorry but how the hell do they appraise people properties without even seeing the property? If my house burns down will they still send me a tax bill for the land? I did review my text increase and it's pretty low only 25% but I have made no improvements to my home in the last 3 years and I still live in a townhome Community that's mostly renters. Nobody from the city has come to my home to inspect it to get an appraisal

[@shentographer]

They call them desktop appraisals and plan to adopt using them in higher percentages.

[@brutusmaximus5380]

Counties are using the wrong formula that was taken from a computer program in Canada increasing property taxes. The program violates property laws of your local jurisdictions. Please pass this along and hopefully someone does an investigation. Property taxes should not be this high.

[@wildbill7267]

Given ALL properties are getting higher appraisals, unless the Town’s budget also had proportionally higher increase, the property taxes should increase all change that much. You would only get banged for higher taxes if you have made “improvements” to your property such as making a finished basement or adding a deck or a new bathroom. I live in Westchester County, NY for nine years, a historically high property tax area, and that has been my experience.

[@stillwaters4097]

She needs to sell that house or face it going up for tax sale. Its an unfortunate reality.

[@thomasperkins1513]

Same thing happening in South Carolina,foreign investors are buying parcels and putting large rental homes in,it's jacking up the property taxes on everything,they put bigger homes and try to squeeze out the smaller just so they can buy the land cheaply and put bigger rentals on it,I bought my home 15 years ago and was around 300.00 a year,one reason for moving to sc was the affordability, now I'm up over 3500.00 per year,I know 3500 doesn't sound like a lot but many of us are just working folks and it really adds up...

[@mteevie1609]

This is the only great benefit of living in California. There are limit on how much they can raise the property tax.

[@brutusmaximus5380]

Counties are using the wrong formula that was taken from a computer program in Canada increasing property taxes. The program violates property laws of your local jurisdictions. Please pass this along and hopefully someone does an investigation. Property taxes should not be this high.

[@joelcleare]

Property taxes should reflect the purchase price.

[@Adventureswithbecky]

The taxes should only ever be appraised at the amount the owner paid not what the city thinks it's worth. This should be illegal.

[@colombiantom]

I agree, but the problem is these taxes pay for police, firefighters, teachers, roads, postal office, sanitation, water lines, electric lines, and all these people get raises annual. Should they not get raises? where would the money come from? if it is a new neighborhood things are brand new and they won't need fixing for 30 years, but old neighborhood suffer from the lack of planning from politicians. If I represent people from a new neighborhood, I would appeal for lower taxes as we don't need high taxes to maintain a new place, but since the right amount of taxes were not collected, after 30 years there is a shortage of money coming in as things start to break. What would be your solution for that?

[@Adventureswithbecky]

@@colombiantom the taxes on current homes being bought at those prices..... Isn't just local property taxes that pay for that but also funding from State taxes from sales tax, gas tax ect. Why should people who buy homes at a set prices being paying taxes on what others are purchasing for at current market values. Home values make no difference unless you are buying or selling. If someone is doing neither then they shouldn't be allowed to charge them as if they purchased at a different price.

[@colombiantom]

@@Adventureswithbecky where do you think state taxes come from? Gas taxes and sales taxes etc they are used to pay parts of it, but it is not the main source of income for the city or state. As I said, I agree with you to an extend, property taxes shouldn't be based on the sales of other properties, but they do need to increase over time as the services a city and state provide increase as well (as all the raises to public servants I mentioned before). If you take a course in city planning and budgeting you'll realize that most places do not collect enough taxes to sustain the needs of their city, state etc (hence my example of old vs new neighborhoods). This is a complex problem that has no easy solution, since politicians can cut services to reduce spending, but people might vote if you do such cuts that most likely have to be made to education, policing, infrastructure, health care etc.

[@Adventureswithbecky]

@@colombiantom you understand State taxes aren't just from property taxes right? Far more revenue comes in from sales tax, gas taxes, toll fees, hotel taxes ect....

[@paxundpeace9970]

@@Adventureswithbecky So the would have to increase taxation gas and sales tax or take some income tax like other states do. That would be only fair.

[@GM-by7tc]

Appraisers appraising at speculation prices is idiotic.

[@robertdepesci3418]

sell for 750k and outside of dallas

[@284Winchester]

So how much were her taxes going to be ?

[@stephanienguyen6992]

Government want your home.

[@GorgieClarissa]

something is off. you're home should be appraised on it's worth and value, not an inflated artificial market price. You always see on zillow (and i'm sure others) what homes sell for vs their actual value.

[@magaareinbredhillbillies]

FOX 4 tell us we don't know and that is where all that extra money is spent.

[@flashylady5352]

Did anyone come , appraise the property in person .

[@u-shanks4915]

The whole system is complicated These taxes have to go Yet the crime rate is high

[@ZippedWheat88]

A single woman living in a house that just appraised for over 700k and she has 2 years until it’s paid off. Hard to feel any sympathy for her finances.

[@mikedennington8856]

So house share.....or move.

[@diegolara4202]

Property appraisal comes in "Its not worth that much!" time to sell the home "hey values went up so yes its worth that much".

[@havenzhai5187]

The school districts are sucking a lot of the property tax dollars. Gotta pay for those brand new buildings and football stadiums. Never mind the high schoolers that read at a second grade level.

[@miketracy9256]

The only way that her property taxes are increased is when both the value and mill rate increase. Unless the local governments demand more money, if your tax value doubles, and the mill rate decreases by the same ratio, your taxes stay the same.

[@pmpbd3]

You don't understand property taxes in Texas

[@georgina979]

Part of the great re set...good luck folks

[@paxundpeace9970]

So Texas county appraisal men are in on it too....

[@stevebrannon5772]

And they say California taxes are bad. Our taxable values are based on the purchase price and can only go up 1% each year. Texas taxes go up based on an assumed value of the home.

[@Ronv1976]

In Florida we have save our homes law it protect us from raising property tax to 3% for existing home owners.. this should be done at a national level

[@eveskey7982]

Oh well this is real life, how can people be shocked this is how the appraisals are determined. People really need to do more self education on how the real world works and etc. People focus so much on other things and they should be focused more on what is happening in their own backyards and area. Then when it blindsided them like this they want to act shocked and outraged.

[@nierautomata9654]

If thats the case, she just have to refinance her home and get the equity then use that equity to buy a cheaper home then have the old house be rented out… worst comes to worst that the old house got foreclosed atleast she was able to move to cheaper house with money with her. Another lesson here is to Never get attached with your house emotionally its just like stock investing dont decide with your emotions.

[@rickyspeakman4445]

It’s accurate because people moving in to sold house and paying way over asking raise your property taxes! That’s why I am always saying that people moving and government want business to move in will alway increase housing appraisals and taxes!

[@raysterling3668]

If you are living pay check to pay check, sell your home before your house payment increases.

[@rj8183]

Then what move into a rathole apt?

[@asanta2023]

And where do you move to, Ray? Where I live, rents are expensive and increasing.

[@nightlyraider]

why does a single person need that large a house?

[@jennifervela8804]

Is sounds like a conspiracy 🤔

[@PJVist]

Good!!!

[@carlossaenz4075]

Just because and neighbors houses is well kept and you have not had the money to fix your house your house should not be valued as the neighbors no matter what the other in general houses have been praised that

[@reup658]

They're not reflecting demand. I can drive you around Dallas Metro and you see For Sale signs all over uptown, park cities, preston hollow, east dallas, frisco, oak cliff, lakewood, las colinas etc. Dallas corporate employees make between 45k-75k year. Appreciation is driven by lack of land and Dallas has plenty of it. These homes are empty investment properties left over from Air bnb rentals.

[@wageslave387]

COPE. DFW area corporate employees easily make $80k+

[@reup658]

@@wageslave387 go check out a Dallas business journal and look up median household salaries by zip code. University park and park cities is barely over 6 figures. Frisco, Mckinney, Plano aren't as rich as you think.

[@wageslave387]

@@reup658 The stats are probably lies and downplay the wealth of Park Cities intentionally. The Park Cities Cartel control the media and government in DFW. The level of listed income cannot explain the number of expensive cars everywhere in that neighborhood or the quantity of new builds.

[@sa3270]

Wrong. Experiences college educated professionals easily make $100k +, especially in technology.

[@sociolocomtsac]

At least she owns a $750k home.

[@toviyalovelightlife6180]

Bet she'll get a huge raise

[@rangetrader4316]

The property tax system in Texas is a joke. Tax payers are not supposed to pay tax based on market valuation appraised by county every year. The extra property tax you need to pay due to market appreciation is similar to paying IRS TAX on your unrealized gain for your stock portfolio. Property tax increase should be capped at same level as inflation. The cap could be higher for investment property.

[@deadwright534]

That's the plan, make it so expensive you can't afford to live there, sell it and move, that's the only option

[@caliopeknows844]

Voting has consequences

[@SolidGold44]

Mine went from 300 dollars to 1555.80

[@jimmyhaley727]

raised to pay for all the law suits caused by cop crap suits

[@roroguapo3]

Paid off in 2 years and worth 750k? Easy solution. Sell it and move 20 minutes farther north and buy a house that is twice as big and almost half the price, live mortgage free for the rest of your life.

[@jefflewis2096]

We Texans need to petition our government to stop market value evaluations and revert to ACTUAL value. It is a realtor (commission) driven industry of "one-up-manship" and the local government is raking in massive profits. Petitions are the only way politicians will understand that we can't take this anymore and it needs to change. Otherwise, the system will never change and the government will have no motivation to change it

[@medicchester]

WHAT SHOCK?........ BEST TIME EVER!

[@mylifeintexas]

Every single state should have a property tax cap. 3% a year is adequate. If the politicians can’t line their pockets on 3% increase every year then they should be replaced. Rental properties get hit the hardest and that’s why rents are going through the roof. Rental properties are treated as a business so property tax and business tax increases affect how much someone pays for rent.

[@paulconner4614]

I think Texas does have a cap for property taxes. No cap on Homeowners insurance though.

[@mylifeintexas]

@@paulconner4614 No they do not. That’s why a lot of homeowners are being forced out of their homes because the values continually increase year after year and the property taxes are just too much to handle. Florida has a 3% tax cap along with a 1% tax rate I believe is the entire state. Texas property taxes are different across the state. Here in houston, the out most suburbs pay a higher percentage rate than those living inside city limits. To live inside of the city in Houston will cost you at least $1 million. Their tax rates are 2% or less while out in the suburbs further from the city we have tax rates up to 4%. So the working class is subsidizing the wealthy in this city

[@wch7]

Hey north Dallas you need the California answer of Prop 13...California Prop 13 : )))

[@cardozoinator]

People stop getting mad at the appraisal district. Get mad that your new neighbor that offered above the asking price just to ensure that they got the house. Those people moving into your neighborhood are the ones responsible for this ridiculousness!

[@teebone2157]

It doesn't matter what your Neighbour offered it should be based on an individual basis not because a few corporations came in and overpay for homes

[@cardozoinator]

@@teebone2157 It's not just corporations that are doing this. People are buying up properties as investment properties and overpaying. Like I said look at what your neighbors are paying, they are the ones driving up the prices on average.

[@timritenour8900]

That explanation is absolutely bull crap it is just robbery nothing more

[@armoniqfields8016]

People better get Hip to renting out rooms. A low price is $700 a month.

[@iAmTheSingularity]

That contribute to the problem and not solve it. Money, in fact, is not an essential thing. People are giving way too much legitimacy to an abstraction that was made up specifically for the purpose of limiting rights, seize resources and stealing work.

[@user-qb3vi5kk3t]

Retirement doesn’t exist for the poor in America, makes me want to die before I can’t work anymore

[@madbug1965]

Let's Blame Brandon 😂😂😂

[@megatron8038]

Everything is bigger in Texas

[@leekh-a3933]

Everybody is reflecting the market value! I watch a video of a men taking out millions of dollars of debt brought a apartment building and quoted “ I’m gonna raised rent to the market value numbers “💀💀 middle class get out after I repaint the walls

[@creditking2688]

This is asinine! You have a blessing in disguise right in front of you but you complain about property taxes! You talk about having your home paid off in two years but instead will risk loosing everything because you don’t see the opportunity to own a home outright right now! All you have to do is sell your home for about $725,000 then go buy a home for 400k to 500k and invest the rest of the profit. You will get tax exempt as a single person on about $250k after rolling the other 500k or so into another property.. now you have no mortgage and money working for you! I swear people have no 🧠 brains 🤦🏾‍♂️

[@M.Campbell]

With all the repairs needed it won't sell for $725,000. Then she still needs to find a home she can buy for what she does get. That's getting more and more difficult.

[@jimmyhaley727]

Where are all the buyers standing in line to buy these over taxed homes,, i dont see them in Brady, TX but i will be forced to sell cause i am on SS fixed income of $ 1500 per month and with no increase to cover inflation i am doomed to sell and live in a trailer or tent, ole USN vet

[@reejuvideo456]

Sell it lady and move somewhere middle of nowhere, Just talk to your friends using FaceTime!

[@alksjda]

state has to make money somehow

[@jml9550]

Yep,no income tax but high property tax. In CA we have high state income tax but relatively low property tax and prop 13 limit the tax increase by 2% per year.

[@lescocat1501]

Nation wide geniuses

[@diegolara4202]

Appraised value is only one part of the total equation when determining the total property taxes due. The taxing entities will collect the same amount any given year no matter how much property taxes are worth. People seem to think that if appraised values go up by 30 percent, that the counties/cities/school districts get to collect as much as they can. Law caps how much the taxing entities can raise their total "revenue" from the previous year total and they can only collect up to the total budget. That means that if home appraised values go up they have to lower the tax rate to only collect the total approved budget. Not sure why people think that if homes are appraised 40 percent higher than previous year that it means that Counties will collect 40 percent more money just for the fun of it. Educate your self people on how property taxes work instead of just complaining. Also, this started happen in 2019 due the law that was passed so dont use experience from prior to 2019 as evidence that what i said is not true. If you home goes up by more than the average home in your area then yes your tax rate will go up by a bit more than others, but not by as much as the appraisal increase.

[@dbell3811]

Tax you out of ownership....usa...

[@dixter1652]

so you sell, then buy some land out of town... put a RV pad on the land with water/electric/sewer... buy a lama to claim agri... and you don't pay any taxes.... or... if you don't want to move you get a reverse mortgage and that pays for the property taxes as you get old and die... simple itsn't it

[@effu9375]

Just like the crime...makes sense.

[@jamesshaw3500]

hahahahahahahahahahaahahahahahahahahahh BOOMERS: YOU DUG YOUR GRAVE: NOW YOU MUST LIVE IN IT!!!!!!!!!!

[@peterl545]

The value advantage of Texas is gone. A downturn in the economy will turn the tailwind from transplants into a headwind. Expect losses in the order of 30%. Keep an equity buffer to prevent a distressed sale.

[@YegorsTV]

I pay $50 per year in Russia 😅😅

[@paulrodriguez4075]

in soviet russia taxes pay you.. I live in modern day Moscow

[@bycracky22]

I will too. Can you say manipulation?

[@yume816]

What are the chances the tax appeal will be approved?

[@perrym6937]

it is greed greb abbot needs to go any politician not eliminating property tax need to be thrown out next election

[@sa3270]

We missed our chance to throw him out this year so have to wait another 4 years.

[@That-Guy_]

@@sa3270 The election is in November

[@sa3270]

@@That-Guy_ The election was in March.

[@That-Guy_]

@@sa3270 Not according to google The 2022 Texas gubernatorial election will take place on November 8, 2022, to elect the governor of Texas. Incumbent Republican Governor Greg Abbott is running for re-election to a third term.

[@sa3270]

@@That-Guy_ I know. We're talking about the primary.