The lease market had increases in all categories but has not inverted since 3 March 2023.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #ResidentialMarket #LeaseMarket #RealEstate #Sold #Pending #Leased #SellersMarket
This 2,162 sq. ft. home on a corner lot in the Lakes of Preston Vineyards in Frisco has 4 bedrooms, 2 baths, living room, den, breakfast room with two window seats and formal dining.
Mature trees greet visitors at the one-level brick home in the award-winning Frisco ISD. The front den and formal dining room can become an office with a conference table or social media studio. The kitchen features an island with a breakfast bar, sink and dishwasher. The open floor plan makes the living room, breakfast room and back yard visible from the kitchen counter. The living room features a gas fireplace and a wall of windows.
The primary suite features an elegant bathroom with dual vanities, a jetted garden tub, a separate shower and walk-in closet. A secondary bedroom connects to the master bedroom - it’s ideal as a home office, gym or nursery. Located near Collin College, sports, community pool and minutes from shopping, dining and highways.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #drone #OpenHouse #DropIn #Frisco #FriscoISD #video #home #house #LakesOfPrestonVineyards
This 3,812 sq ft home in Celina has 6 bedrooms, 4 and a half baths, game room, study, breakfast room, butler’s pantry, walk-in pantry, covered patio and pool with waterfalls, spa and fire pit.
It includes a guest apartment with a kitchen, sitting room, full bath, living room, stacked laundry space, separate entry and patio.
Both entrances are at the front of the house. Two-level main home in the Prosper ISD offers 5 bed, 3 and a half bath. Main house ground level common areas are wood. Office is at front of house. Kitchen has stainless steel appliances, white cabinets, quarts countertops, island, gas cooktop and double oven. The kitchen overlooks the breakfast room and living room with fireplace.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #OpenHouse #drone #video #DropIn #Celina #ProsperSD #pool #luxury
This 2,162 sq. ft. home on a corner lot in the Lakes of Preston Vineyards in Frisco has 4 bedrooms, 2 baths, living room, den, breakfast room with two window seats and formal dining.
Mature trees greet visitors at the one-level brick home in the award-winning Frisco ISD. The front den and formal dining room can become an office with a conference table or social media studio. The kitchen features an island with a breakfast bar, sink and dishwasher. The open floor plan makes the living room, breakfast room and back yard visible from the kitchen counter. The living room features a gas fireplace and a wall of windows.
The primary suite features an elegant bathroom with dual vanities, a jetted garden tub, a separate shower and walk-in closet. A secondary bedroom connects to the master bedroom - it’s ideal as a home office, gym or nursery. Located near Collin College, sports, community pool and minutes from shopping, dining and highways.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #OpenHouse #Frisco #FriscoISD #CornerLot #home #house #RealEstate #LakesOfPrestonVineyards
This 3,812 sq ft home in Celina has 6 bedrooms, 4 and a half baths, game room, study, breakfast room, butler’s pantry, walk-in pantry, covered patio and pool with waterfalls, spa and fire pit.
It includes a guest apartment with a kitchen, sitting room, full bath, living room, stacked laundry space, separate entry and patio.
Both entrances are at the front of the house. Two-level main home in the Prosper ISD offers 5 bed, 3 and a half bath. Main house ground level common areas are wood. Office is at front of house. Kitchen has stainless steel appliances, white cabinets, quarts countertops, island, gas cooktop and double oven. The kitchen overlooks the breakfast room and living room with fireplace.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #OpenHouse #luxury #Celina #ProsperSD #pool #home #house #RealEstate
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #OpenHouse #toys #freebies #ToyCars #PlayDoh #ZooCandy #CollinCounty #DentonCounty
I’ll have crayons and coloring disks of this image for kids to make their own buttons, or they can have one of these pre-colored buttons (while supplies last) as a keepsake.
Learn more at cincodemayocelina.com.
If you see me between now and then, I’ll have these with me. I’m happy to share!
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #CincoDeMayo #buttons #pinata #music #colorful #KWNC #CollinCounty #DentonCounty
The Homestead Exemption caps an assessment increase at 10% rather than the current approximate change amount on the attached sheet. If the assessed property is your primary residence, you need to ensure you have a Homestead Exemption. The deadline for it is April 30 each year. Follow this link for more information
There are several tax protest companies that will represent you for a fee if you don’t want to represent yourself. You have until May 15th to submit your protest in Collin County if you choose to protest.
If you pay mortgage insurance, please get detailed information from your REALTOR and send the information to your lender to have the mortgage insurance removed. If you don’t have a trusted REALTOR, I’m happy to help.
The loan-to-assessed value is a percentage by itself. Add principal payments plus any initial deposits, and your appreciation should easily be at 78% of county appraised value by now to drop the mortgage insurance – which only benefits the bank.
For additional information, please download any of my free real-estate guides. The Home Buyer’s Guide and Information of Value books have specific home maintenance information.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #RealEstate #taxes #PropertyTaxes #LTV #rates #appreciation #CollinCounty
The Homestead Exemption caps an assessment increase at 10% rather than the current approximate change amount on the attached sheet. If the assessed property is your primary residence, you need to ensure you have a Homestead Exemption. The deadline for it is April 30 each year. Follow this link for more information
There are several tax protest companies that will represent you for a fee if you don’t want to represent yourself. You have until May 15th to submit your protest in Collin County if you choose to protest.
The loan-to-assessed value is a percentage by itself. Add principal payments plus any initial deposits, and your appreciation should easily be at 78% of county appraised value by now to drop the mortgage insurance – which only benefits the bank.
For additional information, please download any of my free real-estate guides. The Home Buyer’s Guide and Information of Value books have specific home maintenance information.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #RealEstate #taxes #PropertyTaxes #LTV #rates #appreciation #CollinCounty #DentonCounty
This 2,365 sq. ft. Highland Home in the Trinity Falls neighborhood of McKinney has 3 bedrooms, 2 and a half baths, study, media room, covered patio, putting green and hot tub.
Completed 16 months ago and highly upgraded, this single-level home has ceramic tile in common areas, open concept kitchen / living / dining. The kitchen features an oversized island with upgraded granite, gas cooktop, stainless steel built-in convection oven, walk-in pantry and wine hutch. It has a pre-wired true media room with no windows.
The private study with French doors overlooks the back yard. The made-for-entertainment backyard features a 3-hole putting green, extended patio with recently built pergola cover with stone & cedar posts. The hot tub conveys and has stone bar top and steps.
Smart home features include sprinkler system, garage, front door and HVAC. Plantation shutters are throughout. Oversized garage has epoxy flooring. McKinney ISD’s Frazier Elementary (23-24) school and city park are under construction at the end of the block.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #OpenHouse #McKinney # McKinneyISD #TrinityFalls #home #house #RealEstate #hottub
To test it, I asked it to define photojournalism. I started snort-laughing in class when its answer randomly paraphrased ME by NAME. 🤣🤣🤣
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #ChatGPT #AI #ArtificialIntelligence #photojournalism #amusing #education #CuttingEdge #funny
For example, a $100 asset with a 10% tax exemption would be taxed as if it was only worth $90. If the tax on this item was 2.5%, the tax would move from $2.50 to $2.25. Those quarters add up quickly for real estate.
Real estate has a variety of tax exemptions available depending on the property use and condition of the property owners being taxed. Exemptions differ by state. In Texas, exemptions also differ according to the taxing authority such as counties, municipalities, schools and special districts.
A common property exemption in Texas is the Homestead Exemption (HS). Additional exemptions include Agricultural/Timber use, Solar and Wind-Powered Energy Device or Charitable Organizations and Businesses. Each taxpayer has different circumstances. Get advice from a tax attorney or Certified Public Accountant for your specific needs. Apply for most exemptions through your county Central Appraisal District (CAD) by April 30..
Please follow the link for additional information and guidelines.
Homestead Exemption Information
Agricultural/Timber Exemptions
Solar, Wind-Powered and Biomass Energy Devices
Charitable Organizations and Businesses
These are the Comptroller links to DFW metro counties:
Collin, Dallas, Denton, Ellis, Fannin Johnson, Kaufman, Rockwall and Tarrant
These are the Central Appraisal Districts (CAD) for DFW metro counties
Collin, Dallas, Denton, Ellis, Fannin, Johnson, Kaufman, Rockwall, and Tarrant
Homestead Exemption Information Back to Top
Homestead Exemptions remove part of your home’s value from taxation, protect against some creditors and more. In short, they lower your property tax payment. The amounts vary by county. All Texas homesteads receive a mandatory $100,000 exemption on the home’s value from school property taxes (changed to reflect newest numbers). Other local entities, like cities and counties, offer a separate residence homestead exemption. A homestead exemption can typically save a homeowner 10% to 20% on their property taxes.
The 10% Cap is an annual tax limit on homestead properties. Taxing authorities are limited to a 10% increase of the appraised value of a residence homestead from one tax year to the next. If the appraised value is 50% higher than the previous year, this difference could increase by 10% yearly over five years (longer if the appraised value continues to increase) with a “gap year” for new homeowners.
Only homesteaded properties get this benefit. Income-generating properties with tenants and properties owned by businesses are not eligible.
Conditional exemptions are determined by the property owner not the land. The individual conditions will require documentation and may allow a partial percentage or total exemption. The conditional exemptions include Age 65 or Older, Disabled Person, 100% Residence Homestead Exemption for Disabled Veterans, Surviving Spouses of an Armed Services Member Killed in the Line of Duty, Surviving Spouse of a First Responder Killed in the Line of Duty, or Donated Residence of Partially Disabled Veteran (or surviving spouse).
Here’s what you need to know to claim your exemption:
• There is no fee to file through your county’s tax appraisal office. Don’t pay a company to do this for you.
Additional information
Texas homeowners who qualify for a homestead exemption can file for the exemption immediately after
purchasing the home and obtaining Texas identification with that address to get
a prorated exemption. However, the cap doesn’t start until the homestead has
been in place for more than one year – a so-called “gap year.”
Texas homestead exemptions from counties, schools, cities, and special districts reduce the property taxes for the homeowner. The amounts vary from county to county. All Texas homesteads receive a $100,000 exemption (a change from $25K in 2022) on their home's value from school property taxes. Other local entities, like cities and counties, offer a separate residence homestead exemption. A homestead exemption can typically save a homeowner 10% to 20% on their property taxes.
Take Advantage of Homestead Exemptions from the Texas Comptroller
One of the easiest ways a homeowner can lower his or her property tax bill is to file a homestead exemption. A homestead is generally the house and land used as the owner’s principal residence on Jan. 1 of the tax year.
Homestead exemptions reduce the appraised value of your home and, as a result, lower your property taxes. To apply for an exemption on your residence homestead, contact the (NAME) Appraisal District.
Available homestead exemptions include:
• School taxes: All homeowners may receive a $100,000 homestead exemption for
school taxes.
• County taxes: If a county collects a special tax for farm-to-market roads or flood control, a homeowner may receive a $3,000 homestead exemption for this tax.
• Age and disability exemptions: Individuals 65 or older or disabled as defined by law may qualify for a $10,000 homestead exemption for school taxes, in addition to the $100,000 exemption available to all homeowners. Also, any taxing unit may offer a local optional exemption of at least $3,000 for taxpayers age 65 or older and/or disabled. Older or disabled homeowners do not need to own their homes on Jan. 1 to qualify for the $10,000 homestead exemption. They qualify as soon as they turn age 65 or become disabled.
• Taxing units may offer a local option exemption based on a percentage of a home's appraised value. Any taxing unit can exempt up to 20 percent of the value of each qualified homestead. No matter what percentage of value the taxing unit adopts, the dollar value of the exemption must be at least $5,000.
• Partial exemption for disabled veterans: Texas law provides partial exemptions for any property owned by disabled veterans, surviving spouses and surviving children of deceased disabled veterans. This includes homesteads donated to disabled veterans by charitable organizations at no cost or not more than 50 percent of the good faith estimate of the homestead’s market value to the disabled veterans and their surviving spouses. The percentage of service-connected disability determines the exemption amount.
• 100 Percent Residence Homestead Exemption for Disabled Veterans: A disabled veteran awarded 100 percent disability compensation due to a service-connected disability and a rating of 100 percent disabled or of individual unemployability from the United States Department of Veterans Affairs is entitled to an exemption from taxation of the total appraised value of the veteran's residence homestead. Surviving spouses of veterans who qualified for this exemption or who would have qualified for this exemption if it had been in effect at the time of the veteran’s death are also eligible with certain restrictions. The residence homestead application must be filed if this exemption is claimed.
• Surviving Spouses of Members of the U.S. Armed Services Killed in the Line of Duty: The surviving spouse of a member of the U.S. armed services who is killed or fatally injured in the line of duty is allowed a 100 percent property tax exemption on his or her residence homestead if the surviving spouse has not remarried since the death of the armed services member.
• Surviving Spouses of First Responders Killed in the Line of Duty: The eligible surviving spouse of a first responder killed in the line of duty is allowed a 100 percent property tax exemption on his or her residence homestead if the surviving spouse has not remarried since the death of the first responder.
For more details on homestead exemptions, contact the Central Appraisal District (CAD) at the links below. The homestead exemption application is available online at:
comptroller.texas.gov/forms/50-114.pdf
You may file an exemption with your appraisal district for the homestead exemption up to two years after the taxes on the homestead are due. Once you receive the exemption, you do not need to reapply unless the chief appraiser sends you a new application. In that case, you must file the new application. If you should move or your qualification ends, you must inform the appraisal district in writing before the next May 1st. A list of appraisal district addresses and phone numbers is available online.
Agricultural/Timber Exemptions Back to Top
Agricultural/Timber Exemptions (guidelines and resources)
Application for 1-d-1 (Open Space) Agricultural Use Appraisal (auto download PDF)
Agricultural/Timber Exemption is a “special valuation.” It requires five or more years of agricultural production. The land is valued based on production rather than market value.
Each Texas county determines the minimum acreage for this exemption. Most counties require 10 acres. However, honeybees only require five acres minimum across all of Texas with a maximum of 20 acres dedicated to bee production. Bees can be leased but can cost more than hive ownership.
Technically called “Open Space” or colloquially “Ag exempt,” it requires some form of work, land preparation and stewardship. It removes a much larger appraisal valuation than a homestead exemption. It can be applied adjacent to a HS exemption for additional savings. Contact your county CAD for rates.
Solar, Wind-Powered and Biomass Energy Devices Back to Top
Solar, Wind-Powered and Biomass Energy Devices (auto download guidelines PDF booklet)
Form 50-123 for exemption (auto download PDF)
Solar, Wind-Powered and Biomass Energy Devices provide a significant property tax exemption (Texas Tax Code Sec. 11.27) for the value of solar-collection property within guidelines with on-site devices for electrical production or storage.
Residential property owners must own the property and energy system on January 1 of the taxable year. Leased systems do not qualify for an exemption. Property owners apply to their CAD with supporting documents to detail the installation date and total kilowatt output of the system.
Solar energy devices installed or constructed after 2013 and used for a commercial purpose are subject to the cost method of appraisal. The depreciated value must be calculated using a useful life of 10 years or less.
To claim this exemption, fill out Form 50-123, “Exemption Application for Solar or Wind-Powered Energy Devices” and contact the Texas Comptroller’s Office for guidelines.
Charitable Organizations and Businesses Back to Top
Charitable Organizations and Businesses
Form AP-199 (auto download PDF)
Charitable Organizations and Businesses engaged primarily in charitable activities may be eligible for local property tax exemptions. A corporation may be eligible for a local property tax exemption if it meets specific criteria including land title held by an IRS Section 501(c)(2) entity and releases all income, less expenses, to qualify as a charitable organization.
An organization must apply for a “Determination Letter for Property Tax Exemption” from the Texas Comptroller’s office and complete Form AP-199.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
This 3,817 sq. ft. home in the Chapel Hill community of Prosper has 5 bedrooms, 4 full baths, office, game room, media room with wet bar, dining, butler’s pantry, outdoor living and 3 car garage.
The house in the Prosper ISD backs to a greenbelt. Enter through beautiful iron doors to a sweeping staircase, wood floors, formal office with French doors and spacious dining room. Step through the butler’s pantry into the gourmet kitchen with a professional 5-burner gas cooktop, granite countertops, double ovens and island. Open family room features two levels of windows and a stone fireplace. The first floor has an additional ensuite bedroom.
The secluded primary suite on the ground level showcases a separate seating area, double vanities with granite countertops, separate shower, garden tub and large walk-in closet.
Upstairs includes 3 bedrooms, 2 full baths, a large game room and media room with wet bar. Covered porch in back yard is prewired for a hot tub with two ceiling fans to relax and enjoy the view.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #OpenHouse #drone #video #DropIn #Prosper #ProsperSD #luxury #ChapelHill
This 3,817 sq. ft. home in the Chapel Hill community of Prosper has 5 bedrooms, 4 full baths, office, game room, media room with wet bar, dining, butler’s pantry, outdoor living and 3 car garage.
The house in the Prosper ISD backs to a greenbelt. Enter through beautiful iron doors to a sweeping staircase, wood floors, formal office with French doors and spacious dining room. Step through the butler’s pantry into the gourmet kitchen with a professional 5-burner gas cooktop, granite countertops, double ovens and island. Open family room features two levels of windows and a stone fireplace. The first floor has an additional ensuite bedroom.
The secluded primary suite on the ground level showcases a separate seating area, double vanities with granite countertops, separate shower, garden tub and large walk-in closet.
Upstairs includes 3 bedrooms, 2 full baths, a large game room and media room with wet bar. Covered porch in back yard is prewired for a hot tub with two ceiling fans to relax and enjoy the view.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #OpenHouse #luxury #Prosper #ProsperSD #ChapelHill #home #house #RealEstate
Whenever you need me in the future, I’m here for you.
“Our experience with Mark has been top notch! We always looked forward to viewing properties with Mark. He has been an incredible resource and friend during mine and my husband's search for land to build our forever home on.
He went above and beyond for us in every aspect, and his wealth of knowledge truly made this first-time experience for us a breeze. Mark is trustworthy, enjoyable to be around, timely, and one of the best in the field. If we had questions he didn't have an answer to, he always sent us to the right place to get those questions answered, particularly soil-related questions and specifics about AG exemptions. He even went out of his way to make phone calls to internet companies to ensure potential properties had the internet speed we needed before we made a visit.
Thanks for walking acres and acres of land with us and helping us secure a fantastic property we can't wait to call home! We will be recommending Mark to friends and family who will be searching for a new home in the future.”
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #GoogleReview #review #testimonial #land #Whitewright #FanninCounty #AgExempt #DreamHome
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #video #drone #Celina #CollinCounty #KWNC #KellerWilliamsNorthCountry #AgentsWanted #ExceptionalTraining
“Inventory” is the number of houses for sale on the listing service – both new and used. North Texas has 2.5 months of inventory this week according to the North Texas Real Estate Information System. A balanced market is six months of inventory. Nationally, we are short by millions of houses because there are fewer houses available than people who want to purchase. Therefore, we’re in a “Seller’s Market.”
The most commonly negotiated items are sale price, repairs, termination days, earnest money, residential service contracts (warranties), as well as who pays for various other contractual requirements. Depending on the type of financing, a lender may restrict or limit which items can be negotiated. Meanwhile, a cash transaction has the most negotiation latitude and fewest restrictions.
I’m available to help sell your house and find your ideal next home.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
Cleared to Close!
Congratulations to my amazing land buyer clients! They are cleared to close on this spectacular 10-acre, agriculture-exempt property with no restrictions in Whitewright.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #land #video #drone #Whitewright #GraysonCounty #AgExempt #NoDeedRestriction #country
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #ResidentialMarket #LeaseMarket #RealEstate #Sold #BankCollapse #Pending #Leased
Welcome to the DFWmark Blog! This is a collection of content by Mark M. Hancock, a REALTOR with Keller Williams North County in Celina, Texa...
