Some Fort Worth homeowners shocked by soaring land appraisals

Some Fort Worth homeowners shocked by soaring land appraisals

Credit: Khampha Bouaphanh / Star-Telegram

Kent Worley's house is shown in the Foster Park neighborhood of Fort Worth. Some Tarrant County property owners like Worley have seen their lots values dramatically increased by the Tarrant Appraisal District this year while their home values have been decreased.

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by BILL HANNA

Fort Worth Star-Telegram

Posted on May 14, 2014 at 10:48 AM

When Kent Worley received his appraisal notice this year, he wondered if there had been a mistake.

The overall value of his property in Foster Park went up but the value of the land more than doubled — from $70,000 to $190,000 — while the worth of his home dropped from $224,600 to $161,500. That led to an overall increase in his appraised value from $294,600 last year to $324,060 this year.

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Read more here: http://www.star-telegram.com/2014/05/13/5817144/some-fort-worth-homeowners-see.html?rh=1#storylink=cpy

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