Disputing HCAD Binding Arbitration – Is it worth it?

Hi Houston,

We bought our house for $520k 2 years ago in the heights and based on comps, it’sworth ~575k, yet HCAD is adamant it’s worth $690k despite similar sq ft homes being in that high 570 range. There are 8 identical homes in my subdivision, and they valued one of neighbors unit at 594…. And ours at 690. The other 6 are around 650 range (makes no sense, 8 identical homes).

Despite going to the hearing and presenting our case, those idiots at HCAD just presented their comparable and we lost the dispute. In fact, our isettle came in at 635 and we declined, and after the hearing they concluded 690k. Complete f bull and waste of time. It’s not even a negotiation. We presented, they presented, and it’s what they said. All our time and research went for nothing.

Has anyone done then “Binding Arbitration” which I think is ~$500 to file, and is it worth it for us to do it? Thanks for your help.