seriousone
|
Yes they usually will drop the assessed value on your home. The problem I have is that we have a rental property in Florida, the county tax appraiser did his appraisal in August and it was appraised lower than last year and almost in line with our agent's appraisal. We had until September 5th to dispute it. By November when the bill was due, the house had lost another 15% of its value. I assume you also have a window to dispute their appraisal and submit your argument to the actual assessed value. If its not evident on your tax bill, I would call the county tax appraiser's office and find out how to dispute it next year. Good luck! I think we all need it. |
|
Judy1
|
If assessments drop across the board, the tax rates will just go up to provide the same income. |
|
bud68
|
Not really. Since local government services still have to be funded, lower assessments are usually offset by raising the tax rates. |
|
bostonianinmo
|
Many jurisdictions have lowered assessed values en-masse. Our local tax collector did that last year and this year to preclude a rash of challenges. The millage rate went up a fair amount, however, and most folks did see their tax bill rise a bit as a result. Unless the tax district cuts their budget as well, tax increases are likely. |
|
golferwhoworks
 |
you would think so but the city will just get it passed with a higher tax base per cost so what is the difference. |
|
travelguruette
 |
Our tax assessment office did it automatically but it is not required to do so. You can go to the assessors office and fill out a form for it. |
|
xtraheavy01
 |
Tracy,
The county already has set up budget projections based on those numbers. The values are always one year behind the times. During periods of rising home prices, the county makes good money. When the prices go down, they tend to lag and are slow to reassess properties. |
|
Craig
 |
Yes, but it may not happen automatically. Check with the assessor, you may have to file a request or appeal to get your assessment lowered. |
|
Tim D
|
People have a hard time with making less money. |
|
Brian J
|
It rarely (almost never) happens automatically.
Back in 2001, I appealed my property assessment, researched thoroughly, and brought sufficient evidence to make my case, and won.
It can be done, if you do your homework.
|
|
Patricia C
|
No, that's not how it works. I've been owning houses since 1956 and have never had one devaluated. Once they got you hooked they never let go. |
|
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
