Property Taxes

[Patriotic Stabilist]

That was the estimate for Denton County, haven't received the others yet, those were taxes paid last year. One in Spring has separate county taxes, school taxes, and HOA fee of $300 a year.

I don't know why our personal house is so low and I'm sure not going to ask, would you?

 

[NorTracNY]

I'm just in shock... What's percentages of assessed value are we talking for these taxes! I'm fighting a 35% increase in assessment this year which would put my school and county taxes over 10K! So far we have it down to just a 20% increase.

 

[Bird]

I'm just in shock... What's percentages of assessed value are we talking for these taxes! I'm fighting a 35% increase in assessment this year which would put my school and county taxes over 10K! So far we have it down to just a 20% increase.

You can go to the Denton County Appraisal District website and download the entire list of the taxing units in the county and their tax rates for 2009; don't know what they'll be for 2010 yet. But basically, my property taxes for the last year, with an "over 65" homestead exemption and frozen school taxes, was about 1.75% of the appraised value of he property.

 

[Patriotic Stabilist]

Actually property taxes in Texas are very high. But we have an older home and houses, not $300k or $400k mcmansions built 2 years ago, so ours are much lower. Our houses were built around 1977 and 1983, so big difference there. The small 1200 sq ft house in Spring runs more like $1800 total, with HOA taxes, school, and county. It is only appraised around $60k now. It was $70 or $80k but with the drop in house prices they have lowered the rate twice, and I bought it for $38k as a foreclosure but it had another $30k put in it for repairs.

 

[Green Acres Homestead]

For years there's been a call for property tax reform in Indiana. A year or two ago they finally passed a 1% property tax cap (for individuals, I think business is capped at 2%). This was hailed as a great step in property tax reform and all the politicians patted themselves on the back.

Anyone with half a brain knew what was coming though, as they sure didn't cut any programs to offset the loss in revenue. The 1% cap did nothing to address assessments.

In that spirit, the assessed value of my 10 acres went up by 85% over the past year. I'm pretty well read in current events, better than the average American I'd guess, and I don't recall hearing ANYTHING about a major resurgance in real estate values in 2009/2010.

I was pretty upset until I talked to my dad. His 30+ acres that adjoins our 10 acres went up almost 1200%!

We're both planning to contest this assessment, anyone have any advice in this area?

Some say the rich are sitting with billions and waiting for everything to collapse so they can buy up the property on pennies on the dollar. People have to stick together and march down to the office in protest. Here in Canada it's the same story. If we don't stand up for our rights and stop supporting big bussiness what mess will our children be in.

 

[MossRoad]

9 year old thread you're replying to.... just an FYI.

 

[ultrarunner]

Yep... I just filed my appeal... now it can take 2+ years for determination...

Many don't understand the power the Assessor has... I bought my home with appraisal and estate review with inspections...

Assessor who admits to never visiting the property claiming it is simply not possible assigned a value 49% higher than I paid... and this is California the land of the "Low" property tax...

 

[Larry Caldwell]

Do most states not have ag and timber deferral? In Oregon, agricultural land and timber land only pays 10% of the assessed tax bill. All you have to do is keep your land in production.

 

[polo1665]

Do most states not have ag and timber deferral? In Oregon, agricultural land and timber land only pays 10% of the assessed tax bill. All you have to do is keep your land in production.

Boy that would be a sweet deal. You get a deferral in Ohio as well, but not anything near what you get in Oregon.

 

[Diggin It]

9 year old thread you're replying to.... just an FYI.

Not sure why people do that. Probably searching for something and these pop up as a 'similar thread' below. There are Mods available in Forum software packages to alert that you're seeing an older thread and ask if you really want to update it.


But I'll play .... my total property tax is under $400/year. Life in a rural county.