Home Forums Hunting & Shooting Hunter's Campfire Just got our property tax assessment

I’m glad mine is frozen, over 65

Same here . . . at least theoretically.

I wonder if I can appeal my valuation because bark beetles are infesting the trees in and around my yard. Them dead/dying trees are OOOgly!

They will probably raise it tho, because of increased "wildlife use" and firewood.......

Mine is up about 18% this year. More painful yet is the homeowner's insurance, up several hundred dollars.

Taxes are froze

but not the value, so they just keep raising the value.

The assessor came and walked around my house a number of years ago. Had one of those crappy metal sheds on a slab that I had gotten rid of. He says " It says on the sheet that you have a storage shed" I told him I got rid of that piece of crap. He says " Oh now you have a patio.'' Guess which assessed higher? LOL

They need more money for the freeloaders

I just got another newer assement today on the rental house. It's much worse than the estimate they sent a few months back. It went from $118,000 to $211,000 in one year. We bought the house a few years back for $123,000. The first years they valued it about $110,000. With a 1.7% tax levy our taxes ran about $1800 a year or $150 a month. Our home owners insurance was $320 a year and now it's $700.

Now our tax will be $300 a month and insurance is $70 a month on a house we just raised rent to $1200. After just those 2 expenses we bring in $840 a month now and then there's always maintenance and repairs. I'm trying to convince my wife we should sell it and take the $200,000 plus we'd get from it and do hard money loans. At 10% that's over $20,000 a year compared to the less than $10,000 we're netting on the rental. Property tax alone eats 25% of our rent now.

If we sell it we will get nailed on capital gains and recaptured income and depreciation. It doesn't make sense to have rentals now. Maybe if your highly leveraged into them and only using a but of your own money down. If they're paid off I think your equity could earn more elsewhere and you don't have to deal with renters.

Bb

Home/property values around here are going up dramatically because people from the Communist states (mainly California and New York) are buying homes (not mansions) at $500,000 to $1,000,000 over the asking prices.

Your property taxes, and everything else is going up because the fuggin' country was shut down for over a year because of the Wuhan flu.

There's no tax $$ coming in when everything is closed.

They'll tell you a hundred different answers as to why taxes are going up, but the above is the gospel.

They are looking under rocks for more money now. They'll find it, too.

I’m homesteaded in Florida.$50,000 deduction of value and value increases capped at 3% annually or the core inflation rate. Whichever is lower. Rentals are open market value. Florida is great except for the all the GD Yankees ! Most of the Yankees local to me just left the local RV park to fly north until fall. Thank god ! I was sooo sick of listening to them at my local Gook food joint.

Sigh, hard to complain about making more in real estate appreciation in a year than wages..... but appreciate the reminder about reviewing home owner insurance. It'll cost a few bucks, but a drop in the proverbial bucket.

If not chased off, here the assessor will ask if they can come in and look around.

I've never had one do that, Mike. But then I've only met one assessor at home in the 40 years I've lived here. Must be doing something right!

I have seen "unfinished" (Typex up, but no siding) go that way for a decade or more. The two I have been in were really, really nice inside. As in tricked out FINISHED!

Taxes on "unfinished" are less, but I wonder what it did to their heating bill.

Say, I bet typex could be installed OVER the siding?

How many of you actually get reassessed every year or few?


That boggles my mind.
Ours was redone about 10 years ago. The first time since 1955.
Anytime you got a building permit, or someone reported that you built
something, they came out. Otherwise existing properties were left alone.


Reassess was only done then because the Wal-Mart warehouse refused to
pay their taxes and filed a lawsuit based on fairness. Their building was 10 years old, other properties hadn't been assessed in 50 years.

Doing it cost million$!

Talk about a 2 year [bleep] storm! All these people with older homes. All kind of
improvements done without permits including big additions and outbuildings!
They hadn't been paying there share for decades. Newer homes and those who had gotten permits for improbpvements had been carrying them.
State law makes reassessment revenue neutral. So once countywide value is established, the millage was adjusted to accomadate. Living in a newer house, we got a tax break.

Funniest part of the whole thing was hearing people talk about property values. Just a few years before, the brag talk was about equity and how much their homes were worth. As reassessment was going on, I must have heard 20 people say, "They say it's worth $XXXX, I'll sell it to them for that!".

Often, $XXXX is what they themselves had recently claimed it was worth.

Large, undeveloped pieces were the ones that got hit hard for taxes.
But we have a state program called Clean and Green. Putting property
in it requires not developing, in return, you get a huge tax break. You can pull it back out, but can't develop it for
around 8 years. If you decide to develop, you have to pay around 8 years back taxes. Its a good deal. That I have issues with. Our family property got hit
hard, and we took advantage of the deal. But it's not right,in my opinion.
Why should biger acreage get a break, when you are hitting homes so hard?

Texas was bad. We lived in Williamson County at the time. Taxes went from $2500 to about $8000 in twelve years (approximates).

One dude I now in the hood had a stroke and was disabled, his taxes were frozen too, as when you turn 65.

Valuations go up, the city’s and county’s projects, salaries, pork projects need funding....

They certainly don't need to enter your home(s) here to raise your taxes.

I thought it had gotten bad last year when I said the property taxes I was paying on my house + rentals was enough to house, feed and clothe a family of 4. Now, they'd be styling in new Escalades with country club memberships! WTH? Geebus.

Whoever said we needed to start by throwing the local bums out was dead on.

My assessment went up by 25%. I contested it and offered to sell the property to any of them with a $10,000 discount. Now, after the settlement, my 2021 taxes will be lower than my 2020. Don't guess anyone was willing to buy at my offer.

Jim