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Well the dreaded letter arrived; the good news, the market is up; the bad news, your county appraiser knows it...

So what comes next?

  1. Key things to keep in mind
    1. There are generally no costs in contesting your tax value (if you do so on your own), 
    2. There is no separate penalty for protesting your taxes but not succeeding,
    3. Some counties allow for an "informal review" & even encourage such a review prior to an ARB (Appraisal Review Board) hearing,
    4. County procedures differ for the request of a review or protest (some allow mail or electronic methods, others require a scheduled appointment conducted in person),
    5. Like most "government" services, there is a processes that appears much more complex than it actually is,
    6. Your fellow citizens & residents serve as part of the final Appraisal Review Board,
    7. You have a right to review the information that the appraisal office used in determining your value.
  2. Thoroughly review your Notice of Appraised Value
    1. Have you taken full advantage of tax exceptions for which you qualify (Homestead if owned before Jan 1st, Over 65, etc),
    2. Is the information on your appraisal about your home correct?,
    3. Is the information on the CAD's (Central Appraisal District) website correct (bedrooms, SqFt, etc)
    4. Did your appraised value increase greater than 10%, if you have a homestead exemption & no new improvements.
  3. Understand what you can protest
    1. Proposed value,
    2. Denied exemptions for which you believe you qualify,
    3. Incorrect information regarding the scope or use of your property,
    4. Incorrect owner,
    5. Incorrect taxing units (authorities),
    6. Defects of the home or property that would otherwise affect the value.
  4. Understand how value is derived in Texas for the property tax assessed value
    1. Appraisers look for homes that sold closest to Jan 1st in the tax year assessed
    2. Homes that are closest in size, year built, location, age, & construction style are given the greatest weight.
  5. Be Prepared - Bring organized data whether you are meeting "informally" with an appraiser or for an ARB hearing
    1. If you purchased or refinanced your home recently (especially close to Jan 1st) and your tax assessed value exceeds your sales price, bring your signed HUD-1 (Closing Disclosure) &/or a copy of the appraisal conducted for your mortgage
    2. Bring Sales Comps for comparable properties (see 4.2) & include: address, sale date, sale price, supporting docs, names of owners, MLS information, etc.
    3. Proof of defects of your home, functional or economic obsolescence
  6. Know your Dates, Deadlines, & Procedures
    1. File on-time or you may miss your chance
    2. In most cases your protest must be filed by May 31st (*BE SURE TO CHECK with your CAD!)
  7. READ YOUR COUNTY's PROTEST INFORMATION CAREFULLY - if you don't understand something, give them a call!
    1. Denton CAD (click for info)
    2. Dallas CAD (click for info)
    3. Collin CAD (click for info)
    4. Texas Comptroller of Public Accounts (click for info)

 - Good Luck & please let me know if you have any questions - Christie Cannon

Get Water Smart as Summer Approaches

by Christie Cannon

 

From Free Check-ups to Discounted Rain Barrel Sales, you may be surprised by how helpful your city really wished to be!
Frisco
http://www.ci.frisco.tx.us/177/Water-Resources
McKinney
http://www.mckinneytexas.org/waterrestrictions/
Plano
http://www.plano.gov/220/Water-Conservation-Restrictions-Home
Allen
http://www.cityofallen.org/929/Water-Conservation
Prosper
http://www.prospertx.gov/government/departments/water-conservation/
Little Elm
http://www.littleelm.org/index.aspx?nid=809
WaterMyYard
https://watermyyard.org/#/Location
NorthTXWaterIQ
http://northtexaswateriq.org/

Be water smart as we enter the summer!

Ok, so maybe this isn't the most fun topic for the spring; especially after another season of flash flooding & huge rains, but it wasn't that long ago when our lakes & lawns were suffering under long drought.

Once again, as we prepare to enter the summer season, it is time for us to be good stewards of our resources. Fortunately, most city's are actually eager to assist home owners & tenants alike! 

From Free Check-ups to Discounted Rain Barrel Sales, Rebates, & Incentives - you may be surprised by how helpful your city really can to be!

DFW growth brought almost 80,000 to the area last year

by Christie Cannon

In one of Steve Brown's most recent articles with the Dallas Morning News, Mr Brown does an excellent job of boiling down some of last year's census numbers into easy to digest numbers.  Between mid 2014 & mid 2015, the DFW area saw in increase of approx 78,000 people to the area.  Collin, Denton, & Tarrant counties led the way with 20K, 19K, & 18K people new to the area!  This equates to approx 6,500 people per month coming in the area! 

This influx of new folks to the DFW area continues to highlight a growing struggle between rising housing costs, a lag in new construction, & low pre-owned home inventory

Have questions of how this & other real estate news may affect your home in the market, please feel free to give me a call!

Christie Cannon - 469-951-9588

 

Frisco TX New Home Communities Continue to Pop Up!

by Christie Cannon

Driving the streets of Frisco TX, it is easy to see our continued growth.  The strength of Frisco's growth & new development is easy find by the number of new communities that continue to spring up!

By no means comprehensive, below is a list of some of the latest new home communities in Frisco TX:

  1. Avondale
  2. Belmont Woods
  3. Bretton Woods
  4. Collingsbrook Farms
  5. Emory Park
  6. Estates at Rockhill
  7. Gables at Ohio
  8. Glen View
  9. Hollyhock
  10. Lexington
  11. Millstone Estates
  12. Rockhill at Preston
  13. Sonntag Tract
  14. The Heights at Rockhill
  15. Twin Creeks
  16. Villages of Creekwood
  17. Villas of Doe Creek

Check back soon as we continue to expand & describe the buiders, pricing, location, & features of each new home community.

As always, if you have questions - please call Christie Cannon & The Christie Cannon Team at 469-951-9588 

Christie Cannon
469-951-9588
http://www.christiecannon.com
Keller Williams Frisco TX
4783 Preston Rd #100 Frisco TX 75034

Frisco RoughRiders Unveil Plans For Lazy River

by Christie Cannon

The Frisco's RoughRider's stadium is about to go over-the-top with a lazy river & pool!  Just in case the game gets slow - check out the lazy river & pool / party zone for the outfield!

Check the video below to see the amazing new concept!

The Latest National Real Estate Trends

by Christie Cannon

Looking for the latest in national real estate numbers?  Here Christie Cannon of Keller Williams Frisco TX discusses some of the latest in real estate trends & real estate market information from the latest National Association of REALTORs reporting. 

Looking to find out more about your local market & your specific community?

Please give Christie Cannon & The Christie Cannon Team a call at 469-951-9588

or find us at www.christiecannon.com 

4783 Preston Rd #100 Frisco TX 75034

Storm & High Winds Take Down Frisco TX Silo!

by Christie Cannon

I have talked about the Frisco TX;s unique silos previously.  Unfortunately, in a storm today, one silo fell to the wind!  It appears that high winds took the silo off its foundation! 
Here is to hoping that Frisco is able to move forward on a project with the existing space that will continue to bring value to our great city!
Best of luck & prayers to any one affected by the storm. 

- Christie Cannon, Keller Williams Frisco TX

Vision Drives Frisco 's Development

by Christie Cannon

Many factors have driven forward Frisco TX 's real estate & development vision.  The Frisco Economic Council is one of the chief "driver's" in Frisco's long-term economic growth.  In the below video, the EDC reflects on the vision that spurred the amazing real estate growth in Frisco & continue to shape our city.

Keller Williams - Christie Cannon

469-951-9588

4783 Preston Rd #100 Frisco TX 75034

Where are Americans moving to?

by Christie Cannon

- Christie Cannon - Keller-Williams-Frisco

Experts weigh in on low inventory

by Christie Cannon

Keller Williams Frisco -  Housing Supply

The most common questions that I am asked over the last month relate to the continued decline in the inventory of pre-owned houses on the market.  While the last 30-days have seen an increase in supply, we still remain well below historic levels.

Natioanl experts have been weighing in on the lack of supply & the future of inventory in 2016:

Calculated Risk:

“Low inventory is probably holding down sales in many areas.”

Capital Economics:

“A lack of housing inventory continues to drive developments in the market. As demand has slowly recovered, low inventory levels have weighed on home sales.”

Frank Nothaft, Chief Economist for CoreLogic:

“Many markets have experienced a low inventory of homes for sale along with strong buyer demand... These conditions are likely to persist as we enter 2016.”

Doug Duncan,Chief Economist at Fannie Mae:

“Several factors point to constrained housing affordability in 2016, particularly for first-time home buyers, including slow single-family supply response and limited inventory of starter homes on the market.”

Lawrence Yun, Chief Economist at NAR:

“Sparse inventory and affordability issues continue to impede a large pool of buyers’ ability to buy, which is holding back sales.”

While real estate is hyper-local, the national trends support what we have been seeing in our local market.  Buyer demand continues to out-pace supply in many areas & at many prices.  

 - Christie Cannon - KW Frisco

Displaying blog entries 521-530 of 706

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Christie Cannon
Keller Williams Realty
5933 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 972-215-7748
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com