Property Taxes
Many Texans have received notices this month that their properties appraised much higher this year than last. Such increases often leave property owners expecting exorbitantly high property tax bills the following year, but an economist with the Texas Real Estate Research Center (TRERC) at Texas A&M University says that’s a misconception. “Many factors complicate how…
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Why would a seller protest an increase in their property taxes when their home is under contract or expected to sell soon? Because it could help them as much as it helps their buyer. Who Pays Property Tax? Property taxes are typically prorated at closing between the buyer and seller. The amount is based on…
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Texas homebuyers quickly find their new mailboxes filled with solicitations and requests after their purchase. They are also overrun with appeals and demands for information regarding the purchase of their property. In addition to the sham mortgage insurance offers and tax filing service scams are enticements to disclose the sales price of their property. Most…
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New Years Day was more than just champagne hangovers and hefty drycleaning bills. Jan. 1, 2022, also ushered in a series of state laws that will affect various aspects of the real estate industry. Many of these new provisions are aimed at reducing the property tax burden and keeping more money in the pockets of…
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The significant jump in home prices in North Texas means a historic high value for your property if you’re selling. But for those not in the market to buy, it means that walk back from the mailbox while scanning the local appraisal district’s notification probably isn’t going to be much fun. An increase in value…
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