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Monica Foster, Broker,CRS, ABR, CHMS, CDPE, CNE

League City is celebrating it's 50th Birthday

League City is celebrating it's 50th anniversary with a birthday party on March 3rd! If you live in the area come on out and enjoy the festivities. There will be a chili cookoff, local musicians, an art show, face painting, food, and more. For more information go to the League City website.

Protesting Your Property Taxes

Appraisal notices for property taxes for the Clear Lake Area of Harris and Galveston counties arrive in the March/April timeframe and include the proposed market value and estimate of new property taxes for your home.  The central appraisal district (CAD) uses market values of comparable properties (or comps) minus exemptions and other reductions (like appraisal caps for boom markets).  However, this process is a mass not individual home approach and thus may not be accurate.  When you get your appraisal, check to see if your square footage is off, the number of rooms is incorrect, or the age is incorrect.  If any of these are true then you may have a case for protesting your property tax.  Even if these are correct you still may have a case if your home has unique features among the others on your street and neighborhood.  Also, appraisal districts use the actual age of your home as the effective age for tax purposes and thus may need adjustment depending upon the condition of your home.  If your home is not well-maintained then the effective age could be less than the actual age.  Be careful of the opposite, however, as a well-maintained home has a lower effective age and it will tend to make your taxes higher.  If you think your appraisal is incorrect then you may want to file an appeal:

  • you have 30 days from the date of your notice or May 31st whichever is later to schedule an interview with an appraiser. (check your local CAD site for exact procedures).
  • request a copy  of the comps used by the CAD to determine your home's market value.
  • gather your documentation and opinion of value including photos of your home and properties on your street (to set the context of your home in your neighborhood) and any descriptions of maintenance or structural problems the home may have along with repair estimates since these reduce your value (fences, paint, roofing, etc. do not add value so they cannot be used).
  • At the interview explain the differences between your home and the comps.
  • if after presenting your information at the interview, you are not satisfied with the result, you may appeal to the Appraisal Review Board (ARB).
  • if you are still not satisfied you may request binding arbitration if your home is less than than 1 million in value unless the property is homesteaded, in which case there is no limit.

Refer to your local CAD office and/or web site for more info and help on reading appraisal notices (such as CAD codes).

New Homestead Exemption Rules Now In Effect

New Homestead Exemption rules for Texas went into effect on September 1, 2011. Due to fraudulent homestead exemptions, You now have to have a Texas driver's license and vehicle registration that all match the property address with the exemption. For more info see:

New Homestead Exemption Requirements

Homestead Exemption changes for Veterans

It's Still a Buyer's Market in Houston!

With 7.3 months of inventory (single family homes) in Houston, it's still a buyer's market and a great time to buy a home! Here are some statics from the Houston Association of REALTORS for February 2011:

  • Sales of existing single-family homes increased 2% but down 2.2% from a year ago
  • Average price of a single-family home was $214,039 up 6% from a year ago (highest ever recorded for February)
  • Median price of a single-family home was $151,900 up 3.9% from a year ago (highest ever recorded for February)
  • Single-family home rentals rose 20%
  • Townhouse-condo rentals rose 15.9%
  • 7.3 months of single-family home inventory (national average 7.6), up 15.6% from a year ago
  • Total Active listings (49,839) up 6.8% from a year ago
  • Total Pending Sales (3034) down 4.2% from a year ago

So if you're looking to buy or sell a home in the Clear Lake Area of Houston, including League City, TX, and Friendswood, TX, visit my website at http://www.RealtyByMonica.com and let's get started today!

Visit Kemah, Texas and the Kemah Boardwalk!

Kemah, Texas, is a small town, located on Galveston Bay in the Houston Bay Area ... it is conveniently located 25 minutes from Downtown Houston and 25 minutes from Galveston Island. The City of Kemah boasts the Kemah Lighthouse District, which is home to some great shopping, with it's eclectic mix of stores, as well as some great nightlife with it's many bars and restaurants. But the real gem in Kemah is the Kemah Boardwalk, a 42-acre complex developed by Laundry's Restaurants, Inc.

Kemah Boardwalk Monument

The Boardwalk itself is home to several restaurants (many of which offer great views of Galveston Bay via indoor and outdoor dining), including:

  • Joe's Crab Shack
  • Landry's Seafood
  • Aquarium - An Underwater Dining Adventure
  • Lighthouse Buffet
  • Cadillac Bar
  • The Flying Dutchman Oyster Bar
  • Red Sushi
  • Saltgrass Steakhouse

The Boardwalk also has numerous rides and games, including the wooden roller coaster, The Boardwalk Bullet, and the crowd pleasing, Ferris Wheel. Whether young or old, there is something for everyone at the Kemah Boardwalk!!

Kemah Boardwalk Rides

If you're coming from out of town, the Kemah Boardwalk also houses a hotel, the Boardwalk Inn, so you can be close to all the action! With so much to do, it's easy to understand why the Kemah Boardwalk's theme is "The Fun Never Stops!" Visit the Kemah Boardwalk's website at www.kemahboardwalk.com.