home value: PROPERTY TAX APPRAISALS + NEW HOMESTEAD RULES
- 05/03/22 09:22 AM
In case you missed it, all of the counties in the greater Austin area have now released appraised values for 2022, and they’re high- like super, super high. For many homeowners the appraised value is more than double last year’s appraised value. Williamson County estimates a 40% bump in value, Hays County jumped 44.5%, and Travis County saw a whopping 56% increase in value. One of my personal properties doubled in appraised value, and these rising appraised values have significant consequences for homeowners. Let’s say your property was valued at $300,000 last year and your property tax rate is 2.21. Your property … (2 comments)
home value: The Difference Between Appraised Value, Assessed Value, & Market Value
- 07/14/21 08:28 AM
There are quite a few different ways to determine a property’s value. As a real estate broker, I most often determine a fair asking price or listing price based on the relevant comparable sales. Other entities such as the county tax assessor may also use the sales comparison approach to determine a given home’s value; yet, our valuations may be vastly different. That’s because the different types of valuations are ultimately defined by the entity evaluating the property’s worth. Appraised value is a term used to describe the lender’s valuation of a given property. When you buy a home with a … (3 comments)
home value: What Happens if a Home Doesn't Appraise?
- 03/14/19 12:15 PM
If you are purchasing a home using a loan, the bank will require an appraisal. The appraiser visits the home, looks at comparable recent sales, and determines a value for the property. If the appraiser’s value is less than the agreed upon sales price, you have what is commonly referred to as an appraisal problem (very fancy nomenclature). Let’s say you made an offer on a home for $350K. The seller’s accepted your offer, and you are getting very excited about moving into your new home. Then, the appraisal report comes back, and you find out the home only appraised for $330K. You have … (2 comments)
In case you missed it, all of the counties in the greater Austin area have now released appraised values for 2022, and they’re high- like super, super high. For many homeowners the appraised value is more than double last year’s appraised value. Williamson County estimates a 40% bump in value, Hays County jumped 44.5%, and Travis County saw a whopping 56% increase in value. One of my personal properties doubled in appraised value, and these rising appraised values have significant consequences for homeowners. 
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