Home Appraisals

Property Appraisals

taxman cometh

THE TAX MAN COMETH . . . . .update for 2009

As of this posting in late March there are ten properties in Memorial Thicket which have not yet received their preliminary appraisals. These are indicated in red on the table.

In the first half of the year, Harris County Appraisal District puts an appraised value on our homes. These values will determine our property taxes. The values that HCAD places on our homes are based on recent sales prices for what they consider comparable properties.

Preliminary appraisals for all properties are normally completed in May and are publicly available from the HCAD website at www.hcad.org or at their office at 13013 Northwest Freeway (713) 957-7800. If the appraised value has changed from the previous year, HCAD will mail a written notice to the homeowner.

Unless the property has been improved or square footage increased, the Appraisal District is not permitted to increase the appraisal by more than 10% from the previous year. If no changes have been made to the residence and HCAD estimates that the market value has increased by more than 10% over the previous year, they will list both an “appraised value” and a “market value” in the notice mailed to the homeowner.

ALL HOMES ARE NOT CREATED EQUAL

For appraisal purposes, Harris County Appraisal District treats Memorial Thicket as four separate “neighborhoods”:

2835 = homes in the Katy portion of Memorial Thicket built before 1989 "Old Katy pre 1989"

28351 = homes in the Katy portion of Memorial Thicket built on or after 1989 "New Katy since 1989"

79576 = homes in the HISD portion of Memorial Thicket built before 1989 "Old HISD pre 1989"

79487 = homes in the HISD portion of Memorial Thicket built on or after 1989 "New HISD since 1989"

2009 Preliminary HCAD Appraisals

Sales Comparables

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Sales Comparables

HCAD uses sales prices of homes that have sold during the previous year in each “neighborhood” as the basis for property valuation.

HCAD disregards sales prices of homes which have sold at foreclosure, which have been substantially improved since the previous appraisal or which have been used as rental property prior to sale.

According to the residential transaction reports at HCAD's information center and information received from the multiple listing service, the following are the property sales which took place in Memorial Thicket during 2008.

	MEMORIAL THICKET SALES: 2008

school	nbhd	built	sq ft	closing date	sales price		ADDRESS

KATY	2835	1990	3357	4/23/08	$400,000	802	HERDSMAN
KATY	2835	1982	3520	3/3/08	$384,000	815	HERDSMAN
KATY	2835	1982	5506	4/7/08	$585,000	818	HERDSMAN
HISD	79576	1980	3051	3/7/08	$310,000	727	LAST ARROW
HISD	79487	1990	5249	4/8/08	$429,000	712	PLAINWOOD
KATY	28351	1992	3838	7/15/08	$479,500	855	PLAINWOOD
HISD	79576	1980	3187	2/8/08	$377,500	802	SPEAR POINT COVE
HISD	79576	1981	4071	5/31/08	$430,000	15434	WALKWOOD
HISD	79487	1991	3167	9/29/08	$395,000	711	WINDBREAK
HISD	79487	1990	3996	2/1/08	$462,000	742	WINDBREAK
HISD	79576	1983	3331	9/30/08	$375,000	762	WINDBREAK

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2009 Preliminary HCAD Appraisals

Note: These are the preliminary appraised values obtained from the HCAD website in late March 2009. We don't intend to update this list with the final appraised values. Next update will be the preliminary appraisals when they become available in 2010

All Memorial Thicket Properties

COMPARISON GRAPHS

Katy ISD Lot Valuations

New Katy ISD pre 1989

Old Katy ISD since 1989