Taxpayers for Equal Appraisal Access
Information!
Taxation must be equal and uniform!
All property must be valued and taxed equally and uniformly.
Taxpayers for equal appraisal!
email us: coachdanhart@msn.com
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Taxpayers for Equal Appraisal
Theoretically, all property is appraised on January 1. There are forms on the Harris County Appraisal District's site for many things and these forms are at http://www.hcad.org/Downloads/ Scroll down to "Correction Forms" when you get there.
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[The form set out below is available for use by Taxpayers and is located in the Harris County Appraisal District headquarters. This form is not on HCAD's Internet Web site but is at the HCAD office.]
and....it is located here on your helpful web site here at www.hcadtea.org.
Worksheet B For Calculating Time-Adjusted Sale Prices
Time adjustment corrects sale prices to reflect what the property would have sold for as of January 1. For example, if properties in an area are increasing in value at a rate of 1% per month, a property that sold for $105,000 in July of
2000 would have sold for $100,000 in January of 2000. If you are using sales that before or after January 2000, you must time adjust those sale prices for most areas in Harris County .HCAD provides a list of time adjustment factors for each School district. This worksheet assumes you will use those factors. You can also calculate your own time adjustments, but you may need the assistance of a real estate professional to do So.
Step 1: List the Time Adjustment Factor for your Neighborhood: NBHD. _______ Factor:______
Step 2: List sales that occurred earlier than January 2000 and calculate the adjusted sale price
1
2
3
4
5
6
7
8
Address.
Sale Price.
Sale Date. (month and year)
Number of months between month of sale and January 1, 2000.*
Time adjustment factor from step 1.
Multiply Column 4 by Column 5
Add 1 to result in Column 6 (for example, 1 + .04 = 1.04.)
Adjusted sale price. Multiply column 2 by column 7.
Step 3: List sales that occurred after January 2000 and calculate the adjusted sale price:
1
2
3
4
5
6
7
8
Address
Sale Price
Sale Date (month and year).
Number of Months between January 1, 2000 and month of sale*.
Time adjustment factor from step 1.
Multiply Column 4 by Column 5.
Subtract result in Column 6 from the number 1 (for example: 1 minus .04 =0.96)
Adjusted sale price multiply Column 2 by column 7.
*Use this table to calculate months between January 1, 2000 and the sale date .
Number of months between sale and January 2000 – pick year of sale and look under month in which sale occurred.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
2000
0
1
2
3
4
5
6
7
8
9
10
11
1999
12
11
10
9
8
7
6
5
4
3
2
1
1998
24
23
22
21
20
19
18
17
16
15
14
13
1997
36
35
34
33
32
31
30
29
28
27
26
25
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