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I've got a piece of property that went from $50,500 to $184,400 with this revaluation. I swear on my left knee cap that I couldn't even get the prior tax value for this house if I tried to sell it and now the county is saying its worth almost four times that?!?!?!?
Its apparent that someone is seriously out of touch and most likely just came up with these numbers out of thin air.
The tax office is going to be catching some serious heat on this.
I hope everyone in the county appeals their values.
I'm guessing these properties are in a transitioning area. I have the same thing on a few properties. 1 house was valued at 2 times the amount the neighbor currently has his hosue listed for. And his is bigger and nicer.
The problem is the reval are computer based and don't take into account key facts like the lack of improvements in 30 years, backing up to a crime ridden shopping center, and the fact that you have to use a gondola to get up the driveway.
After looking at that county website, it appears to me the numbers are higher than they should be because Obama gave new homebuyers $8500 last year to buy a house. This caused a spike in 2010 prices, the tax office apparently didn't consider this, and we are all now getting higher revaluations than we should be.
After looking at that county website, it appears to me the numbers are higher than they should be because Obama gave new homebuyers $8500 last year to buy a house. This caused a spike in 2010 prices, the tax office apparently didn't consider this, and we are all now getting higher revaluations than we should be.
The county considered all of 2009 and 2010 for sales and a heavy dose of the last two quarters of 2010 for foreclosures. http://www.realmeck.com/dir/ is independent and the data is compiled from sales data but not spooned by the government.
You can look at it and see sales numbers going back to 2007 for every house. For everyone I've talked to the trends showing on Realmeck.com match what their new bills show.
Got mine it went up from $394K to $461K while considering what stuff is is selling for around here, thats right in line with the prices, except for the fact I paid $100K less for the house in 2009
I'm confused here. I just got mine and it says "market value" is 208,000. I did not think the market value was the same as the tax value. The tax value for my place was around 125,000 in 2003. If this is the new tax value then that is a 83,000 dollar increase. Can someone clarify???
Is the tax value the same as market value???
In the year they do revaluation, Tax Value is set to what they consider current Market Value to be. The tax value will then stay the same until they do the next revaluation (probably 8 years) regardless of changes to the market value in the following months and years. In the past this hasn't been an issue because real estate usually rises. However now, it's falling and will most likely fall a lot more before it's all said and done.
In any case, they did not send you a tax bill. They sent you a reappraisal notice. You won't know how much this is going to cost you until the county sets the new tax rates. They are supposed to adjust them so that people, on average, don't pay more taxes due to the revaluation. They don't have to do this and in fact Jennifer Roberts, the head of the county commission, has refused to state that they won't take the opportunity to increase the taxes that everyone pays.
Mine went up $3K, which I don't think will affect my tax bill at all. I'm going to make sure the other houses in the neighborhood that are the same model as mine have similar values and then decide whether to appeal.
Who did the revals? A monkey tossing a calculator into a blender, apparently.
OK, that just struck me as funny. My eval was in line with anything I'd consider reasonable. So I can't complain.
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