We bought a house on 31st Dec 2004 for 161,000 which was a good deal but also the house was on market for more than 4 months and right next to the aquifer. when they came to appraise the home they appraised it for 177,000 so I contested it and they told me since you bought it for 161,000 that is what we can make it to. This year again they have priced our home to 187,000 but with homestead cap limit the taxable value is only 177,000. I went to contest the value today but they are saying we can bring it only to 180,000. How can I contest the value of the house now before the board. Any pointers?
Answers:
Unless you can demonstrate that there are other houses in your area that are similar and appraised at a lower level than yours then you can't really do any thing.
Bexar county had an online listing of all homes and their appraised value. Get the addresses of houses in your or nearby neighborhoods that are similar to yours in size, age and quality. See if they are appraised at less than yours.
My son lives in Bexar county and that is the advice I gave him.
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