Property tax sticker shock? Appraisals have been mailed out
“It is very early to say at this point, but I estimate overall values for Tarrant county to be up 7-10 percent,” Law said via email. “While some individual property values may have substantially larger percentage increases, others may see lower increases.”
This was from an article posted in the Fort Worth Star Telegram.....
How many of you saw unreal increases? I saw an increase of 10% from this time last year, just below what I consider to be the market value of my house (might even be a little higher than market value). For those who don't know, the Texas Association of Realtors have made an effort this year to lobby the Texas Legislature for some property tax relief. We feel strongly the consistent annually increases is making real estate unattractive in Texas. It is time to put it to a stop.
I know many of the investors out of state who approach me are shocked when they see the taxes. Many of them end up bowing out of the market because the high taxes makes cash flow very difficult.
Would love to hear from others who have had this same experience.
