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The appraisal cap in Texas is currently at 10% per year or 30% over 3 years and it is killing most of us. My home's appraised value has increased 72% since 1999 and I protest mine every year. If you neighbor invests a bunch of money in his house and then sells it, everybody in the area gets re-appraised.

My daugher's sister-in-law and her husband bought a house in the Heights - one of those knock downs and re-built a new one. The first year their taxes stayed the same as the house they tore down to build the new one. This year this new couple are facing a $20,000 per year tax bill! They built the home themselves to save money but the appraisal district did not value the home at what they built it for, they valued it at what some appraisor sitting in an office said it should be worth. Now these kids, like many others are faced with having to sell their home because they can't afford the taxes. I'll only be able to stay in my own home another year or two because my taxes are approaching $1,000 per month.