Texas Property Tax Tips
Archive for ‘Market Values’
Who(m) Y’Gonna Believe: FHA or NYU?
Property Tax Protest is committed to helping its clients save money long term by reducing their current taxable values. Refinancing under the FHA’s “streamline” program is another way to accomplish the same thing.
Commercial Defaults’ Effect on Your Property Taxes
At Property Tax Protest we’re building a portfolio of reports that will support protests for our commercial clients in 2010. Here’s one relating to commercial properties that are delinquent on their mortgages.
Declining Sales Taxes and Your (Rising) Property Tax Rate
City and local governments are starting to discuss an increase in property tax rates to offset sales tax revenues which declined in December for the eleventh straight month. Economic downturns may be transitory but property tax increases are usually permanent. Here’s what you can do to protect yourself.
Can the Appraisal District Ignore a Down Market?
Appraisal districts in recent years have discounted foreclosure sale prices as being “not arms length”. Revisions to the Property Tax Code effective in 2010 change that and the effect on your taxable value can be significant . . .
Foreclosures and Your Property Taxes
At the end of 2009 2% of Texas homes were in foreclosure and one in ten was behind at least a month on its mortgage payments. The effect on your 2010 property tax protest can be dramatic if you use it wisely . . .
Inequality of Appraisal: Its Own Reason to Protest
Inequality of Appraisal is its own reason to protest your property’s taxable value because Texas appraisal districts grant Inequality on a mass basis. If you protest and qualify, it’s yours. If you don’t protest, it’s not.
The Ecstasy and The Agony: Why Victory Failed
A seeming real estate chip shot in Dallas turned to a bogey last April when Ross Perot, Jr. “sold” his interest in Victory, the near downtown mega development, to his German creditors in cancellation of $275 million in debt.
Only $275 million? Ross Perot? Whoa, Nellie!
It’s an old, old story. . .
Ten Percent Limitation of Taxable Increases
Many Texans think the constitutional limitation on a property’s taxable value cannot increase more than 10% in any one year. It doesn’t work quite that way. . .
A borrower’s worst nightmare: ARM increase 12/31/09
If your mortgage is an ARM that adjusts with the Cost of Funds Index, you need to know about this little publicized jump in interest rates. And even if you don’t have an ARM mortgage, this affects you also.
A borrower’s worst nightmare — a sudden and inexplicable increase in the index on which adjustable rate mortgages (ARMs) are based — took place without much notice at 3pm local time on December 31.
Who(m) Y’gonna Believe: S&P Case Schiller or Your Own MLS?
S&P reports November Dallas single family home values down 0.6% in Dallas while MLS reports values up 5% for the same periods throughout North Texas. Who(m) y’gonna believe?
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