BCA TAX SEMINAR MAY 6, 2009

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1 BCA TAX SEMINAR MAY 6, 2009

2 You will learn How we get taxed Why I should protest my taxes How do I protest Steve South Blair Smith Pat McParland

3 Public servants always say, always with the best of intentions, What greater service we could render if only we had a little more money and a little more power. But the truth is that outside of its legitimate function, government does nothing as well or as economically as the private sector. Ronald Reagan

4 You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from someone else. When half the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friends is about the end of any nation - Dr. Adrian Rogers

5 My reading of history convinces me that most bad government results from too much government. Thomas Jefferson

6 Representative Brandon Creighton Phone hp Senator Robert Nichols Phone dist3.htm

10 Exemptions Jurisdiction Tax Rate Homestead Exemption Montgomery County Montgomery ISD Montgomery Mud 18 Emergency Service #2 Montgomery Cty. Hospt.dist Over 65 Exemption ,000 0 Disability exemption ,000 10,000 10, ,000 25, ,000 0

11 Your house as seen by Yourself

12 Your Buyer

13 Your Lender

14 Your Appraiser

15 Your County Appraisal District

20 LISTING ACTIVITY HOMES 137 on market exclusive of speculative homes 20 Waterfront 46 Golf Course 71 Interior (10% availability of total homes is acceptable average) LOTS 244 lots on market exclusive of Developer inventory(82) (This is larger than normal and is a result of economic slowdown)

21 SALES ACTIVITY HOMES 111 Sold in Waterfront $ /sqft $195/sqft average 33 Golf Course /sqft 118/sqft 59 Interior /sqft 95/sqft HOMES 22 Sold in Waterfront $137/sqft $137/sqft average 6 Golf Course /sqft 83/sqft 15 Interior /sqft 87/sqft

22 SALES ACTIVITY LOTS 67 Sold in Waterfront 14 Golf Course 40 Interior LOTS 4 Sold in Waterfront 1 Golf Course 2 Interior

25 How do I protest my property taxes? 1) Once you receive your formal appraisal notice from MCAD, start to investigate your basis for protest 2) Submit your protest in person and talk to an appraiser on an informal basis 3) If not satisfied with the informal discussion, ask to schedule a formal protest with the Appraisal Board

26 Go to the MCAD website to find your property

28 RECORDS

31 Search by Address

35 Land Value

36 Improvements

37 Residual of the 10%Homestead Cap

38 Land Value Improvements Residual of 10% Homestead Cap

39 Land Value Lot Designation - Waterfront - Golf Course - Interior Improvements Residual of 10% Homestead Cap

40 Open up Improvements

41 This house has 6 segments

42 Open up the Main Improvement

44 SqFt Class Bathrooms

47 Appraisal Comparison You versus Neighbors ADDRESS CLASS SqFt LAND 2007 IMP 2008 IMP 2009 IMP 2009 IMP/SqFt 2 Wedgewood , , , , Wedgewood , , , , Wedgewood , , , , Wedgewood , , , , Wedgewood , , , , Wedgewood , , , Wedgewood , , Wedgewood , , , Wedgewood , Hillsborough , , , Woodshay , , , Greenview , , , Marseille , , , Greenview , ,210 80

48 Appraisal Comparison You versus Recent Resales ADDRESS CLASS SqFt LAND 08 SALE IMPROVEMENT IMP/SqFt 2 Wedgewood , Ruskin , , Ruskin , , Fairfield , , West Shore Ln , , Bentwater , West Pines , , Somerton , , Brookgreen , , Waterberry Ct , , AVERAGE = 92

49 Bottom Line Protest your Appraisal based on: INCORRECT DATA and/or UNEQUAL APPRAISAL and/or RECENT RESALES What do I do next?

50 BENTWATER RESALES IN 2008 StreetNum StreetName ClosedDate SqFtBldg YearBuilt Waterfront $203/sqft average 1 BENTHAVEN ISLE 9/30/2008 5, CLUB ISLAND WAY 8/28/2008 4, CLUB ISLAND WAY 5/15/2008 3, EDGEWOOD DRIVE 5/20/2008 4, GREEN COVE DR 5/1/2008 3, LAKE BLUFF 2/29/2008 4, LAKE BLUFF 6/18/2008 4, PROMENADE ST 3/28/2008 5, PROMENADE ST 1/10/2008 4, SARASOTA CIR 4/7/2008 5, SARASOTA CIR 3/27/2008 5, WATERFORD WAY 4/14/2008 3, WEDGEWOOD DR 5/9/2008 3, WEST SHORE LN 2/27/2008 6, WEST SHORE LN 4/15/2008 5, WINTHROP HARBOR ST 6/27/2008 3,

MONTHLY MARKET REPORT, SEPTEMBER 2015

Bring Your Highest Expectations MONTHLY MARKET REPORT, SEPTEMBER 2015 For the 11 Market Report September 2015 12-MONTH COMPARISONS Bring Your Highest Expectations NEW LISTINGS / CLOSED UNITS 30,000 27,000