Go Protest your Taxes!

[Adam Bartling]

I am underwriting an apartment in Galveston County. No wonder the sellers want to sell. Their property is a C class, Highest 2/2 rent $1150 mo. Last renovation done to the properties exterior, my guess 10-12 years ago. It is worn down. 

This property DOES NOT CASH FLOW with the Assessed Tax Value!!!

You Can NOT get a loan at $4,008,960 (tax value) and Make A Profit!!!

Current Cash Flow Value on this property is $821,250   Galveston CAD increased tax values over 45% in 2 years

You greedy folks who jacked up prices just because Interest rates were down.... you and those who bought are the problem. 

Oh and the officials who think we the people are here to provide our hard earned money so your departments can have nice new everything and make 6 figures when you do Not Generate a Profit!

Sorry for my long rant, but I have two parties that I can not help. Tax protest was either not done or it failed. I am just trying to help people.

Protest your Taxes - rant over

[Greg H.]

Purchase the property for less than the appraised value and protest next spring and the problem is solve.  The issue has nothing to do with any "greedy folks who jacked up prices".  

Additionally, the Tax appraisal value in Texas is no indicator of market value, list price nor sales price