Property Taxes

[MNBobcat]

The tax documents probably say (mine did, on the back) that the reason a house is appraised by the assessor is to determine what it would likely sell for on the market. Then your taxes are based on the appraisal amount.

If you just bought the house, you have established what the house would sell for on the open market. I disputed the value the county had appraised it at for tax purposes, because they had my house valued at 100K more than I paid for it. I argued that my buying the house proved its value because it was not a distress sale, foreclosure, etc. I got the value reduced by $100k and saved a ton on taxes. The County assessor, who was in the room, was pissed. Nothing she could do about it though.

 

[ultrarunner]

The tax documents probably say (mine did, on the back) that the reason a house is appraised by the assessor is to determine what it would likely sell for on the market. Then your taxes are based on the appraisal amount.

If you just bought the house, you have established what the house would sell for on the open market. I disputed the value the county had appraised it at for tax purposes, because they had my house valued at 100K more than I paid for it. I argued that my buying the house proved its value because it was not a distress sale, foreclosure, etc. I got the value reduced by $100k and saved a ton on taxes. The County assessor, who was in the room, was pissed. Nothing she could do about it though.

I had a similar experience... the only difference is the Assessor put it right back where it was plus some the following tax year...

He said I bought under market??? The home was on the MLS for 7 months without selling back in 2005... I made an offer and after a month of back and forth... bought it...

I would gladly sell it for the assessed value... even 80%. It gets old real fast having to fight every year, pay the taxes in full and 24 months later maybe get a refund.

Family in California doesn't have that problem... taxes are real predictable and not much the Assessor can do unless the property is improved or 2/3 of the voters approve a hike... 55% for schools...

 

[mjarrels]

We actually had a county empoyee show up at the house a few months ago. Accessed value went up a bit over $11,000 dollars. County will have a meeting this month to access $ per 1000. Don't have a clue what my taxes will be. County tax bill due on June 6. My district 3 supervisor lives next door and I alway contribute to his campaign. Time will tell.

mark

 

[dmccarty]

We really need to put in a gate operator......

A few years back they wifey left the house and as usual left the gate open. I was at home working in the study. I hear and then see a car drive up the drive way. The driveway is roughly 700 feet long from the road to our "barn". At about 500 feet there is an obvious turning circle.

The car passes the circle and heads to the back of the house and the "barn". There are a man and women in the car and I see they are some of Them. The G'v ment.

I walked out to talk to them and they were worse than Them. They was Them Them. Yes ASSESSORS!

And they were interested in the barn. :confused2:

Our "barn" is the back "cube" off of a moving truck. :laughing: Very functional. Cheap. Movable and ugly as heck. :confused2: But it cannot be taxed. The other part of the "barn" is a lean to I built against the barn. Looks even worse than the cube. It sure ain't permanent and likely degrades property value. :laughing: The well house was built to get us through the first winter.....

Five years ago. It looks worse.

They Them Them did not bump up our assessed value.

Later,
Dan

 

[Dargo]

They obviously think you got a real bargain.:laughing: I once had a house appraised at 94k in Dallas. I was trying to sell it at the time. I contested the appraisal, even went before the appeal board and got it down to 88k and sold it for 77k.

LOL, I honestly offered to sell it to them on the spot for that amount. I told them I'd be back with the deed in half an hour and they could buy it. Clearly they couldn't possibly care less. Our assessor used to be a weatherman on one of our local channels but got fired because he was wrong too often (um, don't they just read their forecast from the nat'l weather service?). I guess he thought he was smarter than other forecasters and got fired. Then, amazingly, he got elected as assessor. I suppose it's another job where you can be wrong most of the time and still keep your job. :laughing:

 

[MossRoad]

... Our assessor used to be a weatherman ....

Oh, man! You is doomed!!! :laughing:

 

[Bird]

I honestly offered to sell it to them on the spot for that amount.

I think that's been tried by lots of people and it seems logical, but never gets anywhere. My parents moved to Anchorage, AK, in in the Fall of 1965 and rented an apartment just for a very short time. And then Dad probably did get a bargain; happened to find a guy in a hurry to move back to the lower 48, and Dad bought his house to include everything in it; even a TV and sewing machine. So a year or so later, the tax appraisal was high enough that Dad tried the same thing; told them he'd be glad to sell it to them for what they appraised it at. And of course, as with lots of other folks, they didn't buy it and they didn't lower the appraisal.

 

[Bird]

The local newspaper day before yesterday said the appraisal district had notified the county commissioners that the "preliminary" appraised value of real estate in the county has gone down by a billion dollars. There was a chart listing the towns in the county and they showed the value of residential property went down 5% in my town. And today I find that my appraisal went UP 7.23%. Sometimes you just can't win for losing.

 

[jinman]

The local newspaper day before yesterday said the appraisal district had notified the county commissioners that the "preliminary" appraised value of real estate in the county has gone down by a billion dollars. There was a chart listing the towns in the county and they showed the value of residential property went down 5% in my town. And today I find that my appraisal went UP 7.23%. Sometimes you just can't win for losing.

Bird, I got my new appraisal on my house last week before leaving on vacation. I was surprised to find that the appraisal on my house went down. I'm not certain, but I believe it was around 5%.:thumbsup: However, I have not received any notices on the attached two lots yet.

 

[archerm3]

I think that's been tried by lots of people and it seems logical, but never gets anywhere. My parents moved to Anchorage, AK, in in the Fall of 1965 and rented an apartment just for a very short time. And then Dad probably did get a bargain; happened to find a guy in a hurry to move back to the lower 48, and Dad bought his house to include everything in it; even a TV and sewing machine. So a year or so later, the tax appraisal was high enough that Dad tried the same thing; told them he'd be glad to sell it to them for what they appraised it at. And of course, as with lots of other folks, they didn't buy it and they didn't lower the appraisal.

what i said