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by j1132s
Tue Jan 23, 2007 11:28 pm
Forum: General Texas CHL Discussion
Topic: OT - Property Taxes
Replies: 12
Views: 1658

dpatterson wrote:So I would not be responsible for the tax amount on the 140k because it had yet to be accessed?
You know, I used to ask that too. But it seems that's the way it works.
Next year your house will be appraised at $140K, then it'll keep going up :)
by j1132s
Tue Jan 23, 2007 9:34 pm
Forum: General Texas CHL Discussion
Topic: OT - Property Taxes
Replies: 12
Views: 1658

Re: OT - Property Taxes

dpatterson wrote:Got a hypothetical situation.

I purchased a house in Feb 2006. It was a brand new build @ 140k. Fast Forward to today. I received a $1400 check which was the remaining balance of my escrow. Apparently, the Tax office does not know about my house and has me paying taxes just against the land valued at 6k.

Do I let them know the mistake and pay up or do I spend the money? If i spend the money and sometime down the road the Tax office discovers the oversite, Do I owe the taxes from the time I moved in or from the time the correct value is in the Tax system?

BTW - This is not me...
No, no, no. Let them raise it naturally (and they will). It seems my friends all get the 1st year tax on land when they bought new constructions. now, go use that money and buy one of my pistols in the forsale section :)

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