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movingtokaty

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Posts posted by movingtokaty

  1. Purchase price is about right. Want to get out of it and pay the 300k though? Pay for the upgrades out of pocket that way it doesn't show up on the purchase price of the home.

    Then fight, fight, fight your taxes every single year. Don't be surprised if your 300k home is valued at 285k a year or two down the road. It is now competing with other new homes in the surrounding area which contains lots of empty dirt with homes sprouting up all over.

    Scharpe St Guy

    Thanks for the info, now that I know I can get tax lower by paying options up front, I will do that definitely. Thanks again everyone.

  2. I am moving to Katy at the end of the year and will purchase a house in cinco ranch/grand lakes area. The property tax rate is very high there, so I want to save as much as tax as possible. Here are my questions:

    1. How are new constructions appraised for property tax? Does the county appraise based on selling price? For example, if the base price for house is 300k, then I addded 30k options/upgrades to it, does that mean I will pay tax on 330k? It seems paying higher taxes on tile choices is not fair.

    2. I looked up appraised value for pre-owned homes there (my price range is 250k-350k), most homes are selling about 50k above the appraised price, once I purchased the home, will the appraised value change to the price I paid for?

    Thanks everyone for helping out. :)

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