So why is the house I want to buy more expensive than what the county appraiser says it is worth?
The Appraiser uses two values Market value and Assessed Value. Market value is always determined before the current tax year and takes into account recent sales activity. Our experience find no support for the number they come up with.
How can my tax increase when my Market value decreased? The Save Our Homes Amendment states that your assessed value must increase by the annual cap (1/10 of 1%) until it reaches the Market Value.
If you want to Petition to adjust your tax responsibility you have up until Sept. 11,2009
To file. You can get the form online at the County Appraisal site or go to their office.
Remember
Call Ruddy when you're ready.
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