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05-10-2010, 11:29 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Pigs Are Flying...
And in other news...
My property tax appraisal just posted, and it dropped by over 21%...
Looks like everyone appraisals went down somewhat, but mine more than most because I was probably paying more per square foot than most (though I got it down some 2 years ago by challenging it). They seemed to try to bring the value per square foot more in line this time around.
Looks like most folks in the neighborhood are down 5-10% from last year.
Now it remains to be seen how much they jack up tax rates to make up for the shortfall...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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05-10-2010, 11:59 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,294
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Ours went up 5%. Oh well...could have been worse.
__________________
There's no need to complicate, our time is short..
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05-10-2010, 12:13 PM
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#3
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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I haven't received my property tax appraisal yet but since city schools are broke, I wouldn't be surprised to see our tax rates go up (I have heard as much as 10% is possible).
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05-10-2010, 01:47 PM
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#4
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
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Ziggy29, congratulations!!!
My property tax (paid in December) was based on the price I paid for my home in 2002, and that is the highest appraisal my house has ever had.
To explain why appraisals were not decreasing in a declining market, our Parish Assessor sent out a stern letter saying that while sales volume was way down, prices were not. Yeah, right? When pigs fly, indeed.
A new assessment is required by law every four years, and it was last year so I guess I'm good until I am 65 (should I choose to stay). The assessment is frozen from age 65 to death. My property tax is $864 so I have no complaints about it.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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05-10-2010, 02:08 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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My town is going thru an assessment right now. I got a letter and have to call them to make an appointment to get the inside of my house looked over. Dang, I just repainted and remodeled a bathroom.
If my appraised value goes down (and I think it must, given that it was last done mid bubble) I am sure the town will just increase tax rate so they get the same $$.
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05-10-2010, 02:39 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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We got our reduced valuation as well. The real questions are: Do we protest like we did last year? Did they really lower the valuation enough? Or did they make a calculated attempt to make people fall asleep?
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05-10-2010, 03:08 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,342
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Quote:
Originally Posted by W2R
My property tax is $864 so I have no complaints about it.
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Yeah, that's definetly a good deal. My condo is only worth $42,000 and I pay $950/yr in property taxes. That's 2.25%. Even if the appraised value goes down that doesn't mean taxes will go down. We're getting charged more to pay for underfunded education costs.
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05-10-2010, 03:16 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,342
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Quote:
Originally Posted by W2R
My property tax is $864 so I have no complaints about it.
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Louisiana is the best state to be in for property taxes.
The bottom 10 counties in median real estate taxes paid over 2006-2008 are (all from Louisiana), from highest to lowest amount, De Soto Parish ($129); Evangeline Parish ($127); Jefferson Davis Parish ($127); Webster Parish ($125); Sabine parish ($124); Richland Parish ($122); Avoyelles Parish ($120); Vernon Parish ($120); Allen Parish ($119); and Franklin Parish ($117).
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05-10-2010, 04:05 PM
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#9
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
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I was wrong. Due to increased millage it was $872 in 2009, $864 in 2008. I was over at Frank's without my records. Oh well. I'm not complaining, that's for sure.
Assessed value here is 10% of the real(appraised or purchase) value. We get a $7,500 homestead exemption, which means the first $75,000 of the home's value is tax free. In much of rural Louisiana, houses are often worth no more than $75,000 and require no property tax payments.
I paid $160K for my house in 2002, so I pay more than the median property tax for the state. That is to be expected since I live in New Orleans (location, location, location), and my house was just about exactly the median price for my suburb when I bought it.
Any excess money that one might accumulate due to the low property taxes in Louisiana, is absorbed by our high homeowners+flood insurance costs. Oh well.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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05-10-2010, 05:53 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
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I remember a mind-blowing sales tax when I bought some t-shirts in the French Quarter on the way up north 7 years ago. Isn't the sales tax there near 10%?
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05-10-2010, 06:20 PM
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#11
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
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Quote:
Originally Posted by Orchidflower
I remember a mind-blowing sales tax when I bought some t-shirts in the French Quarter on the way up north 7 years ago. Isn't the sales tax there near 10%?
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Yes, our sales tax is very high!! Almost 10%. I guess if they don't get you one way, they'll get you another.
I like the idea of low property tax, though, in case of financial Armageddon. I can always hold back on buying things in an emergency but I can't hold back on paying my property tax. (pulling my tinfoil hat firmly down over my eyebrows)
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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05-11-2010, 10:25 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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Here in NH we have on income or sales tax. Property tax is killer tho!
I think its still one of the lowest tax burden states tho.
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05-11-2010, 11:11 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,340
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__________________
T.S. Eliot:
Old men ought to be explorers
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05-11-2010, 11:25 AM
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#14
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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No pigs flying here. My town and county didn't get the memo on property tax assessments. A little higher this year from last, which was a little higher from the year before, which was massively higher from the year before.
And 7.25 percent sales tax. And 3 percent income tax. Yet the state is more broke than ever. Chiggers and scorpions and hurricanes are looking better all the time.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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05-11-2010, 05:41 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,594
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Got a nice surprize at the lake .... property tax drop over a GRAND! Seems VT raw land has taken off and is now carrying a higher tax burden (vice developed land). A nieghbor with 25+ acres reports his tax TRIPLED and he's been fighting with the town ever since.
__________________
FIRE'd since 2005
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05-17-2010, 05:08 PM
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#16
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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My appraisal just showed up today - reduced by 2.3%. City council is cutting the budget and swearing no tax increase. The bureaucratic moron that runs the school district is pleading poverty and asking the school board for a tax increase. Over my dead body - I've voted for all of the past bond elections and then seen how they've screwed that up. Never again. Any school board candidate that wants my vote is going to have to swear to forego tax increases until the district learns how to spend money intelligently.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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05-17-2010, 05:20 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Just peeked again to make sure it wasn't a mistake. Nope -- still down 21% from last year. :-)
I read in a local paper the other day that the average appraisal countywide was about 2%. I think the high-rent "resort" lakeside community about 20 miles from here took the brunt of the increases.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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05-17-2010, 06:29 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Our county commissioners just decided to leave tax rates stationary vs. 2009. We only see reassessments every 8 years, so I'm good for 6 more years. Another year of flat property taxes (3 in a row). Unless the City comes knocking with a couple of cents tax increase... grrr!!!
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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05-17-2010, 07:09 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Well, it will be interesting to see what happens this year here in Florida with property taxes. My guess is that everyone on my block will be hit with something different, some will go up and some will go down, this seems to be the norm here.
Taxes here are like the stock market, you never know what's going to happen.
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05-31-2010, 10:26 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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The pigs are still grounded in my neck of the woods. My appraisal arrived yesterday and is up 4.7%. With the prospect of a rock quarry looming next door I suspect there will be a torchlight parade on the county tax office if my neighbors don't get the decreases we were anticipating.
Now where did I put those matches...
__________________
Numbers is hard
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