lcr2004
enthusiast
Posts: 1421
Reg: 03-10-05
|
05-01-09 01:30 PM - Post#84530
Today, May 1, is the day Collin CAD posts the 2009 preliminary values online ( www.collincad.org ).
My home DROPPED in value by over $7k - nice reduction in taxes coming! Just curious if I'm the lucky one or if others have seen a similar reduction.
Also - I wonder if the City and other entities saw this one coming...is a tax rate increase on the horizon? Hmmmm...
| Before you criticize someone, you should walk a mile in their shoes. That way, when you criticize them you're a mile away and you have their shoes. |
|
jogo
enthusiast
Posts: 808
Reg: 08-31-05
|
05-01-09 01:41 PM - Post#84536
In response to lcr2004
Our home dropped about $6300 - the escrow refund will probably be offset by the rise in our homeowners insurance though!
|
pup
enthusiast
Posts: 1224
Reg: 03-29-06
|
05-01-09 01:47 PM - Post#84540
In response to jogo
Mine went down $770.
The more things CHANGE, the more they stay the same.
--Jason |
|
LocalRealtor
enthusiast
Posts: 835
Reg: 02-20-02
|
05-01-09 01:55 PM - Post#84542
In response to pup
Mine went up 4k. Funny how they come up with figures out of the thin air. Two of my neighbors went up 15 to 16k and three others went up 3 to 5k. No logic on the ones that went up 15k+.
Appeal your figures if you don't like them.
|
Al C
enthusiast
Posts: 2160
Loc: Allen, TX
Reg: 02-16-01
|
05-01-09 02:09 PM - Post#84543
In response to LocalRealtor
Mine went up by 5800.
|
pup
enthusiast
Posts: 1224
Reg: 03-29-06
|
05-01-09 02:12 PM - Post#84544
In response to Al C
Funny how that works in during a historic collapse of real estate values, isn't it.
The more things CHANGE, the more they stay the same.
--Jason |
|
TC2112
enthusiast
Posts: 526
Reg: 08-16-07
|
05-01-09 02:59 PM - Post#84551
In response to pup
Down 16.5K Not sure if I'm happy or sad...
| January 20, 2009. The end of an error. |
|
LocalRealtor
enthusiast
Posts: 835
Reg: 02-20-02
|
05-01-09 03:11 PM - Post#84553
In response to TC2112
Uh....you'll be paying LESS taxes. I'd think you'd be happy.
|
Abby
member
Posts: 51
Reg: 01-10-03
|
05-01-09 03:12 PM - Post#84554
In response to LocalRealtor
Very strange how they determine the amount. Ours went down around 2% but my neighbor saw a 7.25% drop....and they put a new patio and cover on their home last year!
|
LocalRealtor
enthusiast
Posts: 835
Reg: 02-20-02
|
05-01-09 03:19 PM - Post#84555
In response to Abby
Trust me, no rhyme or reason sometimes. They throw out figures and hope most of you won't protest.
They were clever on mine. I'm not going to waste time arguing over 4 to 5k in assessed value. However, I hope my neighbors who were tagged 15 to 16k higher go in and protest.
|
TC2112
enthusiast
Posts: 526
Reg: 08-16-07
|
05-01-09 03:21 PM - Post#84556
In response to LocalRealtor
Uh....you'll be paying LESS taxes. I'd think you'd be happy.
Yeah, but the shrinking property value is not comforting.
| January 20, 2009. The end of an error. |
|
denisew
enthusiast
Posts: 6581
Loc: Allen, TX
Reg: 02-18-02
|
05-01-09 03:32 PM - Post#84559
In response to TC2112
Hmmm . . . Mine went down just over $8K. That is a surprise for a change. Usually it increases by that much.
|
RRRquilter
enthusiast
Posts: 389
Loc: Allen
Reg: 05-02-05
|
05-01-09 03:40 PM - Post#84563
In response to denisew
WooHoo! Ours dropped over 14,000. I always felt their appraisal was too high and now it is closer to where it should be.
|
LocalRealtor
enthusiast
Posts: 835
Reg: 02-20-02
|
05-01-09 03:41 PM - Post#84564
In response to TC2112
Has nothing to do with value. Appraisals are different from Tax assessments.
|
tawny
enthusiast
Posts: 157
Loc: East Allen
Reg: 12-14-05
|
05-01-09 03:47 PM - Post#84565
In response to LocalRealtor
Wow ours went down $5200!
|
RRRquilter
enthusiast
Posts: 389
Loc: Allen
Reg: 05-02-05
|
05-01-09 03:47 PM - Post#84566
In response to LocalRealtor
You are right. I meant assessment, but they still made us use comps to show that the value they assessed was not the true market value. Fact is that one cannot know the true value until sold. Thanks for helping me clarify what I was in my head.
|
chf
enthusiast
Posts: 300
Loc: NW Allen
Reg: 12-22-07
|
05-01-09 05:04 PM - Post#84576
In response to tawny
Up by $9000 
|
lcr2004
enthusiast
Posts: 1421
Reg: 03-10-05
|
05-01-09 05:32 PM - Post#84583
In response to chf
Perhaps a better metric would be the percentage of decline - my house actually decreased in assessed "value" by 5.5%, which is a fairly significant amount if applied across the county as the drop in the total tax roll (I understand that's a pretty big stretch based on one appraisal, but it's just a point of reference).
If the appraisal district is hitting the property values this hard, then the tax revenues that cities, counties, and school districts are expecting to recieve will be significantly less than what was modeled for this year (I bet, but that's only an assumption). I would assume that flat values were probably assumed at the very least.
As I mentioned at first, if there's a drop in tax revenues I wonder what comes next - a drop in services and budgets or a tax hike?
| Before you criticize someone, you should walk a mile in their shoes. That way, when you criticize them you're a mile away and you have their shoes. |
|
Robin L
enthusiast
Posts: 615
Reg: 12-19-07
|
05-01-09 05:59 PM - Post#84586
In response to lcr2004
I was mistaken on my earlier post...I was looking at 2008 values. OK, so mine went down this year, but ONLY $219. Woo.
Edited by Robin L on 05-01-09 06:04 PM. Reason for edit: No reason given.
|
RRRquilter
enthusiast
Posts: 389
Loc: Allen
Reg: 05-02-05
|
05-01-09 06:36 PM - Post#84593
In response to lcr2004
Good point. Down 5.8%
|
