jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Land value dropped 50% (comparable to 2003 assessment level
Building value dropped 18% (comparable to 2002 assessment level)
Total Assessment dropped 28% (comparable to 2005 assessment level)
A local realtor that specializes in our area reports 10% drop in market value YOY, so 28% seems about right.
We're on a 3 yr cycle and due to Homestead Crediit going to zero, I expect to pay approx 11% less in taxes. It's possible that we don't see any decrease due to the Constant Yield formula. I'll need to study up on how that works. Got a bad feeling the millage will be going up.
Building value dropped 18% (comparable to 2002 assessment level)
Total Assessment dropped 28% (comparable to 2005 assessment level)
A local realtor that specializes in our area reports 10% drop in market value YOY, so 28% seems about right.
We're on a 3 yr cycle and due to Homestead Crediit going to zero, I expect to pay approx 11% less in taxes. It's possible that we don't see any decrease due to the Constant Yield formula. I'll need to study up on how that works. Got a bad feeling the millage will be going up.