Hurricane Harvey-damaged homes in Harris County could see up to 21 percent appraisal bump this year

Homes damaged by Hurricane Harvey could receive up to 21 percent appraisal increases this year.

Homes damaged by Hurricane Harvey could receive up to 21 percent appraisal increases this year.

Harris County homes that sustained damage during Hurricane Harvey could see up to a 21% increase in appraised value this year.

A new landing page posted on the Harris County Appraisal District website May 29 states that homes that received a lower appraisal in 2018 due to Harvey-related damage will now be appraised based on their 2017 appraised value plus their 2019 appraised value.

State tax code does not allow the appraised value of a home to increase more than 10% per year.

But when it comes to appraising a previously flood-damaged home, HCAD can add 10% per year to the pre-flood, 2017 value, resulting in an up to 21% increase in the 2019 appraised value, according to an HCAD spokesperson.

A $300,000 home in 2017 that was appraised at $150,000 after Hurricane Harvey could now have an appraised value of up to $363,000 by factoring in two year’s worth of 10% increases above the 2017 value, according to an example on the HCAD website.
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