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Old 08-09-2008, 03:08 PM
 
Location: Western Bexar County
3,823 posts, read 14,670,925 times
Reputation: 1943

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Just a couple of months ago, the first shoe dropped on property values going up for 2008; well, the second shoe is starting to drop. I just saw in today's paper that Northside ISD has announced their 2008 property tax rate. They're raising their rate 4 cents per $100 assessed value (by BCAD). They say that they need a 10 cent increase but that would require an election. Anyway, the average tax will go up $183.11 cents this year. This is based on an average taxable value of $146,064 (up just under $10,000 since last year). I wonder if the Northeast ISD will follow suit and raise their rates as well as other taxing authorities?
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Old 08-09-2008, 04:41 PM
 
Location: West Creek
1,720 posts, read 4,506,025 times
Reputation: 784
dam them! time to work under the table
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Old 08-09-2008, 06:20 PM
 
Location: NW San Antonio
2,982 posts, read 9,836,992 times
Reputation: 3356
The NSISD is having their meeting Aug 19 to discuss the taxes. Be there to dispute and put in your two cents worth. Say it.
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Old 08-09-2008, 07:20 PM
 
Location: West Creek
1,720 posts, read 4,506,025 times
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well as I've said before I rather donate more of my tax money to GVFD. but its 200 bucks. if it passes so no biggie.
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Old 08-09-2008, 08:03 PM
 
Location: Charleston, SC
5,615 posts, read 14,794,627 times
Reputation: 2555
Quote:
Originally Posted by svg210 View Post
dam them! time to own a house under the table
fify. It's property taxes, not income.
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Old 08-09-2008, 08:30 PM
 
14,637 posts, read 35,036,574 times
Reputation: 6683
Quote:
Originally Posted by scuba steve View Post
fify. It's property taxes, not income.
I think he meant get a job that pays cash so he can pay his taxes, but iunno. Someone that makes 120K a year shouldn't have any trouble paying his property taxes.
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Old 08-09-2008, 09:03 PM
 
Location: Charleston, SC
5,615 posts, read 14,794,627 times
Reputation: 2555
Nah, they should have their butler handle such lowly matters.
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Old 08-09-2008, 10:28 PM
 
Location: San Antonio
1,314 posts, read 3,178,695 times
Reputation: 848
Quote:
Originally Posted by Steel Man View Post
They're raising their rate 4 cents per $100 assessed value (by BCAD). ... Anyway, the average tax will go up $183.11 cents this year. This is based on an average taxable value of $146,064 (up just under $10,000 since last year).
How does that work-out to a $183.11 increase? A $146,064 house would see a $58.43 increase: (146064/100) x .04 = 58.4256

Even factoring in the $10,000 increase in property value, that would still only be a $62.43 increase.

Or do I need to take a remedial math class?
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Old 08-09-2008, 10:45 PM
 
Location: Western Bexar County
3,823 posts, read 14,670,925 times
Reputation: 1943
Quote:
Originally Posted by TexHwyMan View Post
How does that work-out to a $183.11 increase? A $146,064 house would see a $58.43 increase: (146064/100) x .04 = 58.4256

Even factoring in the $10,000 increase in property value, that would still only be a $62.43 increase.

Or do I need to take a remedial math class?
Take last year's average of $136,188 (/100 = 1361.88) x $1.2625 = $1719.37. Now take this year's average of $146,064 (/100 = 1460.64) x $1.3025 =$1,902.48. That is a difference of $183.11. Don't forget to factor in the additional $9,876 value at the full rate of $1.3025 (= $128.63) plus .04 x $136,188 (= $54.48) for a total of $183.11.

Last edited by Steel Man; 08-09-2008 at 11:08 PM..
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Old 08-16-2008, 03:04 PM
 
Location: San Antonio
1,314 posts, read 3,178,695 times
Reputation: 848
Quote:
Originally Posted by Steel Man View Post
Don't forget to factor in the additional $9,876 value at the full rate of $1.3025 (= $128.63)
That's the part I missed-- I only calculated the tax for the increased value on the difference of the tax increase (.04), not on the total rate.

Off to class...
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