This was my first time protesting (as it was my first time owning a home) We went today for our informal hearing with all of our comps, spreadsheets, pictures, etc. They had raised our market value by over 20k. The appraiser asked us if we just bought the house and what we paid for it. We told him we bought it last year for x dollars. He then said, well that is what we can lower the market value to. This was almost a 40K difference from the HCAD market this year to the market he came down to. He ended up going a little lower by multiplying it by the HISD number. We ended up with a large drop in market value just by spending 5 minutes with him and a few hours doing comps. What a Racket!! Do they purposefully increase the new home sales by a lot while their is no exemption in hope that people wil not protest? We are really glad we protested ourselves and did not pay someone, as we were going to, to do if for us. What a Racket. Good luck Kevin