s3mh Posted March 22, 2023 Share Posted March 22, 2023 I thought that due to rising interest rates, this year would see appraisals take a breather. Ha!!! My 6,600 sq ft lot value went from 495k to 594k. This is the biggest increase I can remember since I bought in 2000. Looks like improvement values went up about 12%. The land value is now higher than my 2022 appraised value meaning that the best I will be able to do at a protest is get about $20k net off the appraised value after taking into account the cap. Of course this is probably HCAD just throwing everything they've got at appraisals in anticipation of some legislation from Austin this year. But man. This was a huge increase. 2 Quote Link to comment Share on other sites More sharing options...
Ross Posted March 22, 2023 Share Posted March 22, 2023 Our market value went from $414k to $518k in Timbergrove. We'll see what happens. It's the biggest one year increase I've ever seen. Quote Link to comment Share on other sites More sharing options...
sapo2367 Posted March 23, 2023 Share Posted March 23, 2023 Same -- 40% increase in market value. Its insane, especially since I bought this property in the last year much closer to the old value. Quote Link to comment Share on other sites More sharing options...
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