Non-disclosure means YOU (the buyer/seller/owner) do not have to disclose however, you generally authorize your agent to make that data available on the MLS (i.e. Some undervalued people will pay more, but some properly valued people will pay less.Īctually, since Texas is a non-disclosure state, this IS a violation on the part of TCAD, and as a Texan I am mightily pissed at them for it (or at whoever in that agency was responsible for authorizing doing this with, let's not forget, taxpayer funds). Since the total tax doesnt change, if the total valuations go up, then the rate will go down. But that has nothing to do with the total tax collected which is determined by the city, AISD, and other budgets. If they have more accurate data then the people that are below valuation will have their valuations raised. So if you have a lower valuation than an equivalent house somewhere else but should be the same, you are saving money over that other person. People dont understand the valuations dont matter except relative to each other. But, but, but.I protest every year because my appraisal is too high! The article says "Some worry property valuations will rise notably because TCAD may have access to fresh sales data".Īare worried they might have real data. Well, makes me chuckle a bit - the issue is really a contractual issue between ABOR and their vendor, it seems, and in no way a 'violation' on the part of TCAD (or at least that is what it looks like on the surface).
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