Jump to content

bluto

Certifiably Surly
  • Posts

    6033
  • Joined

  • Last visited

Everything posted by bluto

  1. The 10% cap is still in place for annual assessed value growth.
  2. That circuit breaker talk regarding this 20% cap, that tribune article looks like it’s off in its analysis. Reading the actual bill it’s just a standard 20% value cap like the 10% homestead cap, just applied to non homestead property under 5M in value. That 5M is set for 2024, then the following yrs will fluctuate based on state CPI figure.
  3. Better with an example… Your personal residence was 500k last yr, 2023 bumped the market value to 600k. Your assessed value would be capped at 550k across city/county/isd etc bc of the homestead cap. Then you would apply your homestead exemptions from the various entities (some counties/cities grant it, the state mandates the isd homestead exemption amount) to that 550k value. So you would pay isd tax rate * 450k for the school portion
  4. I haven't read through the nuts/bolts of the legislation but I'll give it a shot on my understanding as a semi-insider in the industry... the 100k homestead exemption is just an increase on the current homestead exemption that applies to the overall ISD rate for homestead properties. The 10% annual cap on assessed value across all assessment offices (city/county/isd etc) is still in play. the 20% cap on non homestead property is a doozy, no idea why they chose 3 year timeframe on it and no idea how it will work in practice with the gory details. in theory it appears that if your (non homestead) goes up more than 20% in one year, the increase in value will be capped at 20%. I would assume it will be similar to homestead cap where the assessed value will just play catchup the following year even if the market value is flat. i guess this is a good thing as it prevents small biz from getting totally effed by a rogue value increase, but caps across the board are a terrible idea with our system. as for the ISD funding, there isn't any actual lost revenue to the ISD's the state is just filling the void from the rate compression (ignore the fact schools are grossly underfunded in general). it's essentially the state stepping in to cut a check to make ISD's whole. the BIG issue with this is it's set to expire in 2025 and we damn well won't have another $30bn in surplus to cover this check again, so what happens then, i have no effing idea. but in typical government style we'll just worry about that then - or as the GOP will probably do, just have ISD's slash their budgets. renters are the losers here of course. The dems tried a Hail Mary with their plan but it had no shot in hell. Their plan of having renters report their paid rent to the state would require such an insane amount of administration that it’s hard to imagine working.
  5. Soooo we gonna have a guy to like maybe think about getting pressure off the edge this year?
  6. M streets/lower Greenville sounds like the play. On the lowest part lots of walkable stuff (at least relatively speaking on “lots”), but even has grocery stores with Trader Joe’s and sprouts. Henderson ave has lots of options and large retail development starting that will add more. I really loved that area, moved away 6 mos ago but see myself getting back there someday if I end up dfw for long haul.
  7. All the best of intentions with that D plan, but a complete cluster f on execution and zero chance in hell of any of it working into the prop tax debate.
  8. Tend to agree on saturation, but I’m curious to see how Cookshack does in the mockingbird Jason’s deli anchored shopping center near Greenville (across from Taco Bell). It started in FW right before the pandy and seemed to thrive somehow, now they’re up to ~10 locations statewide. Good food, reasonable price, and very good/friendly service.
  9. Claire bear got a romper on her, wasn’t expecting that
  10. Am I wrong to not give much attention to the local party pocket books when they are one Koch (very small to him) check away from being fully funded?
  11. Hope the colonial members are ok.
  12. Those miss schools figures are nuts-o considering how bad they sucked-o
  13. In a nutshell they probably could have locked in insanely low historical fixed rates but instead gambled on floating rates to shave off a point in the near term and really boost returns. Nonetheless they would still have to pay the piper and refi into todays rates when the fixed rate loans came due.
  14. Dark storm clouds looming unless the rate pressure valve gets released soon. Even the old reliable Texas multi fam sector is in the crosshairs. Totally lines up with what we’ve said on here and only hearing more daily from colleagues. https://www.bisnow.com/dallas-ft-worth/news/multifamily/tides-looming-cash-calls-could-fall-heaviest-on-texas-119622?utm_source=outbound_pub_15&utm_campaign=outbound_issue_68602&utm_content=outbound_link_1&utm_medium=email
  15. Is Pierce an asshole or what’s the deal? We gonna send a private jet with univ president in tow to recruit a pitching coach?
  16. They could totally move sirois into the cohost chair, he and Donnie have great chemistry, give ‘em a solid producer to third wheel and it’d be damn solid for a 10-12 slot… oh wait.
  17. Anybody heard/confirm tragic news on Terry Price?
  18. Knowwhatimean GERN
  19. Also fun fact, when I visit friends out of state I’ll go buy a quart of salsa from restaurant nearby and freeze it solid overnight. It’s totally fine to pack solid frozen (former) liquids in a carry on.
  20. Friend of mine looked into starting a salsa line for commercial/retail sale, meeting fda standards (and just general preserving) and keeping the recipe as close to ‘authentic’ as possible along with finding a processor was an absolute m-fer that killed the idea. Shit was really good salsa too.
  21. Good riddance, haven’t listened to that time slot since sirois left.
  22. Inspection bill was signed but still have to get inspected until ‘25 I think.
  23. The fact the hz pulls numbers within shouting distance of hardline is kinda wild considering time slots…. Or are those % shares
  24. King of Oklahoma reminds of songs/shower with him ramping up the vocal power. Damn strong.
×
×
  • Create New...