We have all been receiving those envelopes from Bexar County Appraisal District this week and have been shocked and surprised in the appraisal value increases. We have been fielding lots inquiries over the past week requesting Comparative Market Analysis so that protests can be filed to get the values reduced. Even more shocking is that the values being assessed are actually matching up close to the real market value of the properties!
Homes in Northwest and North Central San Antonio have seen the bulk increases, averaging close to $15,000 minimum on the increase in values. Our market has been robust over the last 24 months and this is the unfortunate trade off.
There is hope however. On many multi family properties, we are seeing that the assessed values are not close the actual market value. In some cases, the values have missed the mark by $60-70,000. To protest is really simple and you want to take this opportunity to make sure that you have all the exemptions on your home that you are entitled to. It is FREE to claim your Homestead Exemption and other exemptions offered through the country.
If you are curious about the forms, visit BCAD. org. If you are curious about your home's value, visit our CMA page, http://sahomeprices.com. It is a simple process and lets you get real time information for your neighborhood. Any other questions, be sure to call us here are the office.