Y'all Been Checkin' Lumber Prices?

   / Y'all Been Checkin' Lumber Prices? #982  
I would not fuss as much if the rates per thousand were reduced at the same time (which happened years ago). Now it seems to be justification to act as a drunk sailor and spend uncontrollably. What do the county and state need a 21% increase for? Really? Over $1K per month here with very little, if any, benefit.
Most of the towns around me are reassessing property values, so people's valuations are going up, HOWEVER they must adjust the millage rate to keep the total tax revenue do within ~2% (NY sends each a number and their budget cannot increase by more than that number or they lose a bunch of tax breaks).
So, in many cases the value of the house is going up by 50-100k (especially in towns that havent done this recently), but the average out of pocket cost across the town should remain similar.

Aaron Z
 
   / Y'all Been Checkin' Lumber Prices? #983  
I heard about a house(mansion) that recently sold in AZ for $15 million and less than 24 hours later it was sold again for 17 million. A profit of 2 mil. in 24 hours before real estate and other fees.
 
   / Y'all Been Checkin' Lumber Prices? #984  
Most of the towns around me are reassessing property values, so people's valuations are going up, HOWEVER they must adjust the millage rate to keep the total tax revenue do within ~2% (NY sends each a number and their budget cannot increase by more than that number or they lose a bunch of tax breaks).
So, in many cases the value of the house is going up by 50-100k (especially in towns that havent done this recently), but the average out of pocket cost across the town should remain similar.

Aaron Z
I wish they had to reduce the rates here when they increase the value. My taxes went up 21% in one year.
 
   / Y'all Been Checkin' Lumber Prices? #985  
Free here. Come and pick up a truck load.
I tried, but ended up "There" instead of "Somewhere." (as per your signature. ;) )
 
   / Y'all Been Checkin' Lumber Prices? #986  
I tried, but ended up "There" instead of "Somewhere." (as per your signature. ;) )
Maybe he'll ship them free due to your effort.
 
   / Y'all Been Checkin' Lumber Prices? #988  
I wish they had to reduce the rates here when they increase the value. My taxes went up 21% in one year.
Ouch.
Individual rates could go up that much (ie: if your house was assessed for 75k based on when it last sold in the 1990s, they haven't reassessed since, but now its worth $200k), but the total town budget is limited to increasing by X% per year (generally under 2%).

Aaron Z
 
   / Y'all Been Checkin' Lumber Prices?
  • Thread Starter
#989  
As of this morning, Lowes:

2 x 6 x 12 SPF $16.98

2 x 8 x 12 SYP $14.38

4 x 4 x 10 PT $15.98

2 x 8 x 12 PT $17.98
2 x 6 x 12 SPF $15.53

2 x 8 x 12 SYP $12.65

4 x 4 x 10 PT $14.27

2 x 8 x 12 PT $16.57


Progress?

Futures are up and down in the $640-650
 
   / Y'all Been Checkin' Lumber Prices? #990  
I could find any JB 20 cent* lumber. Anyone else able to? No one is cutin' lumber.

*up from 10 cent
 
   / Y'all Been Checkin' Lumber Prices? #991  
This afternoon at HD, Santa Clara, CA:
4x8 1/2" plywood, $31
4x8 1/2" OSB, $54

Plenty of the OSB in stock; very few of the ply left

Quite a drop in price in the last month.
 
   / Y'all Been Checkin' Lumber Prices? #993  
Most of the towns around me are reassessing property values, so people's valuations are going up, HOWEVER they must adjust the millage rate to keep the total tax revenue do within ~2% (NY sends each a number and their budget cannot increase by more than that number or they lose a bunch of tax breaks).
So, in many cases the value of the house is going up by 50-100k (especially in towns that haven't done this recently), but the average out of pocket cost across the town should remain similar.

Aaron Z
Wow! That is the first time I have heard of a NY state rule that actually isn't designed to do bad things. Most places use valuation increases to increase revenue without increasing taxes. The thing many people often forgo is challenging the valuation. We have fought and won most of the time. The comps that they use are often bigger houses or properties with features that are not on your house or the neighborhood is different. One year we got a break because as of the valuation date, we needed a new roof ($19K of insurance covered work that lowered the value of the house). Here, appraisals must happen at least every 3 years. They basically use a formula to 'guess' because actually appraising each property is too time consuming. Always make sure you are not over paying!
 
   / Y'all Been Checkin' Lumber Prices? #994  
Your taxes or the assessed value?
Both went up 21%. Our taxes are a simple percentage rate of assessed value the best I can tell. The whole county did not go up 21%, apparently just those where the county could find easy comparables. It used to be the county was not aggressive with assessed value.
 
   / Y'all Been Checkin' Lumber Prices? #996  
I thought China was supposed to pay the tarriffs.… :sneaky:
 

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