This is a bit of a rant and a public service message. I got tired of fighting my home values with the Montgomery county appraisal district so I hired a company to handle it. I thought my frustrations were over....wrong.
I am on my communities HOA board and we discovered that MCAD increased the Market value of one of the HOA owned detention reserves to $1,176,120 resulting in an over $20,000 tax bill. Keep in mind this is land that cannot be sold and cannot be built on. Reality is it has no market value because it can not be sold. We caught it an fought it but they still increased the taxes from $500 last year to $2200 this year.
Please make sure your community Home owners associations are on the look out for these increases.
I am on my communities HOA board and we discovered that MCAD increased the Market value of one of the HOA owned detention reserves to $1,176,120 resulting in an over $20,000 tax bill. Keep in mind this is land that cannot be sold and cannot be built on. Reality is it has no market value because it can not be sold. We caught it an fought it but they still increased the taxes from $500 last year to $2200 this year.
Please make sure your community Home owners associations are on the look out for these increases.
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