Market value is the price a property would sell for if:

• it was put up for sale on the open market with a reasonable time for the seller to find a buyer;
• both the seller and the buyer know all of the uses and purposes of a property;
• neither the buyer or seller is in the position to take advantage of each other, and
• they are both seeking to maximize what they get out of the sale.

An improvement is a building, structure, fixture, or fence erected on or affixed to land.

An improvement is also a transportable structure that is designed to be occupied for residential or business purposes, whether or not it is affixed to land, if the owner of the structure owns the land on which it is located, unless the structure is unoccupied and held for sale or normally is located at a particular place only temporarily (such as a mobile home).

An improvement is a term in real estate to mean any structure, fixture, building, or fence that is attached to or erected on land. All of these are improvements to the land.

Depending on the time of year, this can be corrected either through the protest process or through field visits.

Please contact us so that we may assist you with the issue.

Feel free to email residential@fbcad.org

In order to accurately appraise a property, we need to visit it periodically to ensure the data we used for conducting an appraisal is still correct.

Per the Texas Property Tax Code, an appraisal district must repeat the appraisal process for each property in the county at least once every three years.

Due to our size and availability of sales information, FBCAD appraises property annually.

Yes, someone has reviewed your property.

This review may not have been conducted this year.

Additionally, regulations allow us to conduct a physical inspection of the property or utilize aerial photography.

FBCAD measures properties from the outside only.

Often builder’s plans are calculated from the inside of the home before the home was built.

This accounts for most differences.

Typical differences between build-quoted living area size and actual improvement square footage is around six percent.

Any large differences in square footage could be from open areas on the second floor, deeper than typical garage areas, and/or any other “spaces” that cannot be determined from the outside.

If you believe the square footage of your property is incorrect, please contact us at 281-344-8623 or email residential@fbcad.org, so they we may assist you.

Property taxes are based on 100% of the market value of a property.

The improvement is added to the tax roll at the percent of completion as of January 1st.

FBCAD Appraisers inspect all newly constructed properties within two weeks from January 1st each year, to establish a level of completion of each home.

Age, size, condition, and quality of construction are considered when valuing a home but increases in market value may outweigh any reductions realized by depreciation.

Age, size, condition, and quality of constructions are taken into consideration when valuing a home.

If a mobile home is moved onto a piece of land after January 1st of a tax year, we will usually pick it up for the following tax year.

If the mobile home is owned by one person and the land by another, then we will create an account for the mobile home only.

If you believe we have missed your mobile home and there should be an account for it on this year’s tax roll, please call us at 281-344-8623 or info@fbcad.org., so they we may assist you.

If your property boundaries span more than one county, you will receive an appraisal notice from each county’s appraisal district for the portion of your property that is in each county.

Value changes may occur for several reasons.

Often sales information may indicate the current appraised value is lower/higher than fair market.

Also, corrections to appraisal records may affect value, such as, change in square footage, a pool not previously accounted for, or a correction of a property characteristic.

Sales prices in an area can go up or down due to various changes in the market and sales of similar nearby properties.

Visit 2022 Market Values to view our market trends report.

Individual characteristics that affect a property’s market value are evaluated when determining the value of a property, including homes.

When valuing a home, appraisers review characteristics of your property and records any changes from the last time they reviewed your property.

The appraiser looks closely at the improvements (buildings, structures, fixtures, or fences on or affixed to a piece of land) on your property to see if there are any changes to the exterior condition of your property.

Appraisers never ask to inspect the inside of your home without an appointment.

Appraisers validate the size, construction quality, and physical condition of your improvement.

If there is a problem with the inside of your property that is not visible from the outside, you have the right to protest your property value if you do not agree with it or do not believe it is taking interior problems into consideration.

Using the facts gathered by an appraiser, the appraisal district determines the market value of your homes as of January 1st using one of three valuation methods: the sales/market approach, the cost approach, or the income approach.

The market approach is based on sales prices of similar properties.

It compares the property being appraised to similar properties that have recently sold, then adjusts the comparable property for difference between then and the property being appraised.

The income approach is based on income and expense data and is used to determine the present worth of future benefits.

This approach looks to determine what an investor will pay now for an anticipated future revenue stream from a property.

The cost approach is based on what it would cost to replacing the building (improvement) on a property with another building (improvement) of equal utility.

Depreciation is applied to the improvements according to its age and condition.

Land value is typically valued separately using the market approach.

The appraisal district values a large number of properties every year, so they use applicable features of each method and apply them uniformly to similar properties in a process called mass appraisal.