01-13-2009, 09:08 AM
Location: Up in a cedar tree.
1,617 posts, read
3,557,413 times
Reputation: 449
Funny, but true!!
Americans' property taxes are rising, while their home values continue to fall.
So true!
Why Does Your Devalued Home Have Such a High Tax Rate?
Linky:
Why Does Your Devalued Home Have Such a High Tax Rate? - TIME
I know I been getting ripped being a home-owner!
But it's ok.... in three months I officially will
not be an home owner
~ Yes, I did take a loss on my home when I sold it as my property taxes did rise.
01-13-2009, 09:31 AM
Location: Austin, TX
6,805 posts, read
13,209,215 times
Reputation: 2331
More of an issues, I would think, in much older neighborhoods, 'tear-down' areas, and foreclosure properties, at least based on the premise of that article. Although, obviously, if all the home values go down in an area, then the government coffers go down and the make-up money has to come from somewhere.
I am personally kind of hoping our home value will go down (although it hasn't yet) just so I can save on the taxes
. So far, our tax rates have not changes appreciably over the years that we have owned the house...the big decrease in 2007(?) put us below where we started.
01-13-2009, 12:42 PM
75 posts, read
119,301 times
Reputation: 75
Quote:
Originally Posted by
Mike78613
... But it's ok.... in three months I officially will
not be an home owner
So are you moving to Denver? Noticed a post of yours in the Denver forum regarding moving there but not sure if you finally committed or not.
01-13-2009, 03:02 PM
Location: SoCal
2,262 posts, read
3,442,692 times
Reputation: 845
Oh no! You sold your house with that awesome pool?
01-13-2009, 03:13 PM
1,888 posts, read
2,066,593 times
Reputation: 836
I am just waiting for my 2009 assessment to arrive. Trust me, if it doesn't go down, I will be the Travis County Appraisal District's worst nightmare.
01-13-2009, 07:08 PM
167 posts, read
241,905 times
Reputation: 56
I hear that !!!!!
01-13-2009, 07:26 PM
Location: Great State of Texas
54,514 posts, read
21,418,505 times
Reputation: 12183
I'm already going unless my 2009 assessments are way way lower. Just got a refi and an appraisal to go along with it so I have my ammunition.
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. So far, our tax rates have not changes appreciably over the years that we have owned the house...the big decrease in 2007(?) put us below where we started.
