- Governor Stein expected to ask for federal release of Hurricane Helene relief funds in NC on Monday
- UNCW students honor Hurricane Florence anniversary at diaper bank
- Tropical Storm Mario forms off Mexico's Pacific coast, expected to bring rain and possible flooding
- Trump approves federal disaster aid for storms and flooding in 6 states
- Duke Energy updates grid as hurricane season continues
Homes damaged during Hurricane Harvey could see appraisals jump more than 20 percent
HOUSTON – If you owned a home that was damaged during Hurricane Harvey, your appraised value will now be based on the value of your home before the storm and would include a 10 percent increase per year.
After the storm, many who had damage to their property and were making repairs had their appraised values lowered in 2018.
The Harris County Appraisal District said the appraised value for 2019 is going to be calculated using 2017’s appraised value plus an increase of 10 percent per year.
A house valued at $300,000 in 2017 would now be valued at $363,000. The breakdown looks like:
- 2018: $300,000 value with a 10 percent increase = $330,000
- 2019: $330,000 value with a 10 percent increase = $363,000
Copyright 2019 by KPRC Click2Houston – All rights reserved.