How does HCAD Over-Assess 25 Houses in Zip Code 77389?

Oct 31
07:55

2014

Patrick O Connor

Patrick O Connor

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Appraisal districts use a process called mass appraisal to value hundreds of thousands of houses. In Harris County, they value about 1.2 million houses each year, using a very limited staff.

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Since HCAD targets 100% of market value for their homes,How does HCAD Over-Assess 25 Houses in Zip Code 77389? Articles half of all houses are over-taxed and half are under-taxed. The result is there are at least 200,000 houses in Harris County over-taxed by at least 10%. Following is a list of some of the most egregious examples of homes over-valued Zip Code 77389. If you recognize the address, please call the owner and make sure they protest. 

Property Zip Code

Property Address

Assessment Ratio

2014 Market Value

Gross Sale Price

Owner Name

77389

23926 Overcup Dr

307%

$79,890

$26,000

Eraclea Investments LLC Series C

77389

6502 Craigway Rd

156%

$221,902

$142,000

Vanderveen Peter C

77389

7914 Spring Village Dr

147%

$1,306,600

$889,000

Berger Peter P & Valerie L

77389

25818 Drybrook Rd

146%

$175,563

$120,000

Domenichini Paul

77389

8115 Augusta Pines Pky W

139%

$1,154,811

$828,000

Vihristencu Constantin P

77389

24923 Pikecrest Dr

138%

$263,007

$191,000

Kerth Randall H

77389

6514 Glenhill Dr

133%

$166,180

$125,000

Scott Clara M

77389

6119 Larkmount Dr

130%

$213,728

$164,000

Foreman Harold L Harold Lynn Foreman Trust

77389

22910 Sherioaks Ln

126%

$85,751

$68,250

Rodillas Delfin C Iii

77389

2914 Aspen Fair Trl

122%

$130,558

$107,250

Blanco Mario G

77389

6123 Jadecrest Ct

120%

$210,269

$175,000

Burton Betty T

77389

10 Tillamook Ct

120%

$302,006

$252,000

Perez Celina A Aguascalientes Ags Mex 20118

77389

6507 Darby Way

119%

$200,907

$169,000

Frontain Raymond A & Patricia

77389

23414 Fox Run

118%

$679,117

$575,000

Hopkins Jerry B & Tracy S

77389

2915 Swift Brook Glen Way

118%

$107,371

$91,000

Anderson Jeffrey D & Ximena V

77389

22 N Fremont Ridge Loop

115%

$646,995

$565,000

Usner Sidney A Iii & Leslye S

77389

5011 Fox Hollow Blvd

114%

$84,562

$74,000

Jeter Mark A

77389

7946 Wooded Way Dr

113%

$537,918

$477,500

Bale Dillon D

77389

46 N Beech Springs Cir

112%

$535,533

$477,000

Porter John B & Cynthia A

77389

30 Mosaic Point Pl

112%

$757,855

$676,000

Wojahn Thomas P & Lisa R

77389

22406 Sherrod Ln

112%

$143,007

$128,000

Gossett Kenneth L & Mary B

77389

24803 Haverford Rd

111%

$228,941

$206,000

Ahmed Tamer R

77389

22911 Squirrel Tree St

111%

$131,793

$119,000

Lurie Tal

77389

25027 Northampton Forest Dr

111%

$476,222

$430,000

Federal National Mortgage Association

77389

23910 Northcrest Dr

110%

$265,125

$241,000

Zaleski Daniel R & Emily K

Since the property taxes are paid by the mortgage company for most home owners, the pain point for the home owner is about one year too late. When they receive the notice their monthly payment is increasing by $100 or $200 or more per month, the appeal deadline has likely passed. The property tax appeal deadline in Texas is May 31, or the following workday if May 31 is on a weekend.

The mortgage payment will not likely be increased until after the current year taxes are paid. For example, if your home is grossly over-assessed in 2014, the monthly payment will likely be adjusted in the Spring of 2015. But the deadline to protest your 2014 property taxes is May 31 (actually June 2 since May 31 is on a weekend). Hence, the deadline occurs almost a year before the home owner learns there is a problem.

There is really no meaningful relationship between the methodical work done by an independent fee appraiser and an appraisal district appraiser. The fee appraiser typically inspects and measures the subject property, so he has accurate data. He also personally visits each of the comparable sales to see if they are really comparable.

Texas law requires property owners to file a property tax protest to be able to obtain the evidence regarding their house. Protest both market value and unequal appraisal and include a note asking the appraisal district to make their evidence available two weeks prior to the hearing. The protest form is available at http://www.poconnor.com/pdf_forms/41-44.pdf

In many cases, given the large number of substantial errors in valuing houses, the appraisal district’s evidence will clearly show the property is over-assessed. It is critical that you protest prior to May 31, or you will not be able to get the information and determine if you are taxed fairly. Since over 200,000 houses in Harris County are over-taxed by at least 10%, encourage your family and friends to protest, so they at least get to see the appraisal districts evidence.

After you protest and obtain the appraisal district’s information, one of the first priorities is to see if their evidence is accurate for your house. Then check to see if the sales data is accurate.

The data used for analysis was all sales of houses in Harris County that occurred during October 1 2013 to March 31 2014, for which we had a purchase price and a 2014 HCAD market value. The only records that were eliminated were those where there was a major discrepancy between the Realtor MLS data and the HCAD tax roll regarding the size of the land and / or building. Stated differently, this analysis includes all sales except those for which complete information was not available.

For more information, contact Charlissa Holman at 713 375 4367 or Patrick O’Connor 713 822 8613.