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You’re likely scratching your head when it’s time to pay your property tax. This is mandatory and should be paid by everyone who owns taxable properties. It doesn’t matter whether you own residential or commercial property. Even when you have fully paid your mortgage, property tax remains a significant expense. To help assess how much tax you should pay, appraisal districts like the Harris County Appraisal District in Texas appraises your property. However, HCAD has increased the value of around 20% of houses by 20% and even more. WHAT ARE PROPERTY TAXES FOR? Property taxes are paid to the government to provide services for the country. This is where they get funds for public schools, free health services, public government officials like the police or firemen, and more. Without taxes, it will be hard to provide any free and quality services to citizens. That’s why it is a mandatory regulation to pay your property taxes every year. But that doesn’t mean you should be pa...

The   Harris County Appraisal District   is the biggest in the state of Texas. That’s why many property owners trust them in making property appraisals for them. But recently, HCAD has increased the property value of around 22% of houses this year. The increase is around 20% and even more for some properties. How do affected property owners deal with this and what does this mean? PROPERTY APPRAISAL In a nutshell,   a property appraisal   is the estimation of the value of a real estate property. It is mandatory in the   state of Texas   to have a real estate appraised at market value every January 1 of each year. This would include all taxable property whether it’s residential or commercial. HCAD, being one of the biggest, appraises both residential types and commercial real estate properties. They cover thousands of properties each year. However, it is impossible to cover every property and visit them personally to assess their real value. ...