Hot Texas housing market leads to increased property tax appraisals

[mettastar]

2 minutes ago, veerigadu said:

nenu kuda alane anukunnaaa...but double income unte 800k above. single income unte 500 to 700K is new norm in dallas or austin area. probably 300 to 400K range lo homes levu emo mariii. I'm not sure. 

600-700k homes ki 20% down chesthe payment more than 5k per month untadi .. hallelujah

[desiboys]

texas kante inka manchi states chala unnayi man. texas lo natural disasters kooda ekkuva so home insurance kooda ekkuva increase chestharu every year.

[Moon_Walker]

27 minutes ago, mettastar said:

600-700k homes ki 20% down chesthe payment more than 5k per month untadi .. hallelujah

Are u basing with current interest rates?

[tables]

by end of this year real estate and stock market will be where it was in Dec 2019 + 20% ani nenu anukuntunna.

[yemdoing]

I pay 2.16 % of the apprasied value. e year they increased home value by 30%.

so my monthly  mortgage increased by $300.

Normally 10% cap untundhi for increase in approased vlaue ani vinna. But it is not applicable to new owner anta. 😞 

 

Any use of protesting ? 

 

[Sonu_Patel]

8 minutes ago, tables said:

by end of this year real estate and stock market will be where it was in Dec 2019 + 20% ani nenu anukuntunna.

atla anukoni nuvvu em konakunda wait cheyi brother... your apartment land lord is well deserved to collect rents from you.

[Netflixmovieguz]

1 hour ago, HugoStrange said:

nee yearly salary home price ki equal aa kaka, Salary 100 to 200k untundi, home 600 to 1M untundi, there is a big difference

3 and 8 ki difference undi ga kaka

[yemdoing]

1 hour ago, mettastar said:

For homestead there is a max 10% increment cap year over year.. if you home appraised at 400k last year they can only increase to 440k this year. 40k meda 3% ante $1200 increase

not applicable to new owners anta ga... it's applicable from 2nd year 

 

The appraisal limitation only applies to a residence homestead. As stated in Tax Code Section 23.23(c), the limitation takes effect Jan. 1 of the tax year following the year in which the homeowner qualifies for the homestead exemption. It expires on Jan. 1 of the tax year following the year in which the property owners no longer qualify for the residence homestead exemption.

[HugoStrange]

12 minutes ago, Netflixmovieguz said:

3 and 8 ki difference undi ga kaka

even though its 8% that the top range kada, like you wont pay 8% for the first 100k etc. Its hard to compare 

[Netflixmovieguz]

Just now, HugoStrange said:

even though its 8% that the top range kada, like you wont pay 8% for the first 100k etc. Its hard to compare 

Top range anntee 10 anna. Avg 7-8 state taxes across usa. First 100k kki evvaarru pay cheyaattaledhu? 24k nee exemption  

[mettastar]

1 hour ago, Moon_Walker said:

Are u basing with current interest rates?

2% interest rate tho konna vaallu lucky but again if home values go down most of these mortgages will be under water

[mirchi_bajji]

inventory problem undi kuda...so i dont think it will crash like crazy.

last couple of years lo 20% perigayi kada....maybe it will come down to those levels at 5 or 10 %

[veerigadu]

6 minutes ago, mettastar said:

2% interest rate tho konna vaallu lucky but again if home values go down most of these mortgages will be under water

lowest ever was 2.6% anukunta....During peak covid. very less people used it at that time. it was pandemic at its peaks. 

[Netflixmovieguz]

4 minutes ago, veerigadu said:

lowest ever was 2.6% anukunta....During peak covid. very less people used it at that time. it was pandemic at its peaks. 

Annaa 30yr 2.5%. 

[mettastar]

But home prices max 15-20% drop avuthayemo aithe