 Assessed Value YIKES (by Bill [KY]) Apr 26, 2021 8:32 PM
 Assessed Value YIKES (by #22 [MO]) Apr 26, 2021 8:46 PM
Assessed Value YIKES (by Coplin [CA]) Apr 26, 2021 8:48 PM
Assessed Value YIKES (by Vee [OH]) Apr 26, 2021 9:03 PM
Assessed Value YIKES (by S i d [MO]) Apr 26, 2021 9:33 PM
Assessed Value YIKES (by Hoosier [IN]) Apr 26, 2021 9:36 PM
Assessed Value YIKES (by MikeA [TX]) Apr 26, 2021 9:43 PM
Assessed Value YIKES (by WL [CA]) Apr 26, 2021 10:34 PM
Assessed Value YIKES (by Robert J [CA]) Apr 27, 2021 4:41 AM
Assessed Value YIKES (by Bill [KY]) Apr 27, 2021 8:19 AM
Assessed Value YIKES (by Allym [NJ]) Apr 27, 2021 9:17 AM
Assessed Value YIKES (by S i d [MO]) Apr 27, 2021 9:22 AM
Assessed Value YIKES (by Jim [OH]) Apr 28, 2021 2:07 PM
Assessed Value YIKES (by Tex [TX]) Apr 29, 2021 3:46 PM
Assessed Value YIKES (by PJU [MO]) May 5, 2021 6:48 PM
Assessed Value YIKES (by Grl [MA]) May 6, 2021 7:46 AM
Assessed Value YIKES (by Bill [KY]) Posted on: Apr 26, 2021 8:32 PM
Message:
Just received my property assessed value letters in the mail. 50%+ increase in assessed value on each property. It’s ridiculous. A few folks sell/flip at the height of the market with historically low inventory and now my taxes increase significantly. --50.96.xxx.xxx |
Assessed Value YIKES (by #22 [MO]) Posted on: Apr 26, 2021 8:46 PM
Message:
The tax man and liberals love this..higher taxes, higher sales taxes on inflated goods. Its great for their agenda..more money out of the peoples pockets and into the government's hand. --174.234.xxx.xx |
Assessed Value YIKES (by Coplin [CA]) Posted on: Apr 26, 2021 8:48 PM
Message:
That's why Ca passed Prop 13 to limit property tax increases to a maximum of 2% per year. Ever since it's been under attack to change it. --47.157.xxx.xx |
Assessed Value YIKES (by Vee [OH]) Posted on: Apr 26, 2021 9:03 PM
Message:
This is how the stimulus will be repaid, the 2 term assistant mayor of san fran knows sleepy joe will like this without involving china. --76.188.xxx.xxx |
Assessed Value YIKES (by S i d [MO]) Posted on: Apr 26, 2021 9:33 PM
Message:
Notice of Rent Increase
"Dear Tenant, as you know, costs have gone up lately, especially taxes. Here's you new rent: $XXX. Here also is the tax assessors office address and phone number, in case you'd like to contact them and express your thanks for them increasing taxes, which is why we are increasing your rent.
Sincerely, Management"
It will stop when enough voters decide to complain. --107.216.xxx.xxx |
Assessed Value YIKES (by Hoosier [IN]) Posted on: Apr 26, 2021 9:36 PM
Message:
Go to the assessor office, get the appeal form, do your research, and get an attorney if needed to appeal. --99.92.xxx.xxx |
Assessed Value YIKES (by MikeA [TX]) Posted on: Apr 26, 2021 9:43 PM
Message:
Yours makes me feel better, mine were up 20% and I thought that was bad. I have a feeling this is going to be the norm for the next year or two. Just one of the issues that happens with hyper-inflation. --64.130.xx.xx |
Assessed Value YIKES (by WL [CA]) Posted on: Apr 26, 2021 10:34 PM
Message:
Other states have copied Proposition 13 and limited property taxes - you may want to see if you can do likewise. In CA, property tax increases are capped at 2 percent per year based on the actual original sale price - no appraisals. How nice it is to not worry about being reassessed! --174.65.x.xxx |
Assessed Value YIKES (by Robert J [CA]) Posted on: Apr 27, 2021 4:41 AM
Message:
I feel your pain. I purchased a Bank REO, they had foreclosed on it with no bidders at the auction. It sat in their inventory until I purchased it. Once valued at almost a million dollars at the height of the market, seven years later the foreclosure appraisal was only $400,000. Then the bank tried to sell it for almost a year, lowering the price from $400K down to $299K. Still no takers. By then no one was paying rent and half the tenants were squatters. When I went to purchase the property the Bank had a licensed appraiser and I had one too. The value came in at $250,000 to $275,000. I got it for around $225K.
The Los Angeles County Assessor sent me a tax bill saying the value was $775,000 and there were back taxes owed going back 4 years. All were lies...
A class action law suit got people defrauded by the assessor back $13 million in lost interest and a refund for the over taxed amount.
The Assessor said, I purchased the property from family member...Nice to know my relatives are banks...and other financial institutions. NOT! --47.155.xx.xxx |
Assessed Value YIKES (by Bill [KY]) Posted on: Apr 27, 2021 8:19 AM
Message:
Our school system received $155M from the federal govt (ie taxpayers) for COVID stimulus. Our school board is requesting another 4% property tax increase threatening a budget deficit. School board dir3ctor said the $155M would be used for “summer school, assistance for kids that have fallen behind, cleaning, additional staff and coronavirus needs.” Between 2000-2015, we received a property tax increase every single year except one. Property taxes have remained flat the past 36 mos. --50.96.xxx.xxx |
Assessed Value YIKES (by Allym [NJ]) Posted on: Apr 27, 2021 9:17 AM
Message:
Around here the town is building a town center on an old superfund GM site. Mayor basically said that it would benefit our grandchildren and we are increasing your property tax. Well the rentals have been built in what looks like a packed in group of duplexes. Nothing else built yet. Supposed to have stores but my property taxes are up by a third. We have a 2% cap. All Dems here and realtors "own" them. Prop taxes go too high people have to sell and move so who makes money? Realtors. Then prop taxes increase for those properties and the town, county get their cut. Many people from here have moved to the Carolinas. --108.24.xx.xx |
Assessed Value YIKES (by S i d [MO]) Posted on: Apr 27, 2021 9:22 AM
Message:
There's no doubt that communities shutting down 1/3 to 1/2 of their businesses has resulted in massive income tax revenue shortfalls at the local level. Not only did the local businesses lose out on sales during the shut downs, but also now people have grown more accustom than ever to ordering stuff online and having it show up at their doorstep. Why bother going back to brick and mortar when Amazon will drop it off tomorrow or the day after? Let's face it: whether you think the shut downs were necessary or not, this was a major kick in the teeth for local businesses already struggling to compete with online retailers.
Of course they will try to recapture that tax revenue somehow. Ergo, property tax increases. I feel blessed that mine are only about 3-4% and probably won't appeal any of them, as they are roughly in line with values at the start of 2021 I probably wouldn't win anyway. They might actually jack them up MORE since values have skyrocketed just in the past 3 months! But I will be sure to let tenants know that one major cost increase we had this year was property taxes.
I'm not joking about sending contact info for the County Assessor. It's public knowledge already. I'm just letting them know if they don't like big rent increases, the people to call are the ones who are raising prices on me.
--107.216.xxx.xxx |
Assessed Value YIKES (by Jim [OH]) Posted on: Apr 28, 2021 2:07 PM
Message:
They have raised appraised values here in Ohio by 30 percent. The state auditor required too low of assessments be reappraised. The state is running out of long term operating funds. --184.57.xxx.xx |
Assessed Value YIKES (by Tex [TX]) Posted on: Apr 29, 2021 3:46 PM
Message:
Time to do owner carries.... --104.51.xxx.xxx |
Assessed Value YIKES (by PJU [MO]) Posted on: May 5, 2021 6:48 PM
Message:
Jackson County, Missouri just went through this in 2019. They were more appeals in that year than the county had ever seen before.
All of the properties are being reassessed for 2021. I understand the notices are going to be mailed either this week or next week. That should make for a fun summer!
There are lots of YouTube videos about the "crisis" - Just search Jackson County Assessor. --172.58.xx.xx |
Assessed Value YIKES (by Grl [MA]) Posted on: May 6, 2021 7:46 AM
Message:
Massachusetts has prop 2 1/2 which limits tax increases. Over the years certain towns try to pass overrides.
The new scam is the CPA (community preservation act). It’s an add on tax to properties supposedly for parks and housing. The town can set it up to 3 or 5%. It’s a workaround to prop 2 1/2. Thieves! --209.6.xxx.xx |
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