#$@%!* county property tax assessment - Chevelle Tech
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post #1 of 77 (permalink) Old Jun 2nd, 17, 5:28 PM Thread Starter
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#[email protected]%!* county property tax assessment

I just got a statement from the county. The valuation on my house is going up by $22,000 which if the tax rate stays the same equates to an almost 20% tax increase!

Of course I can protest it, but what justification can I legitimately make that that valuation jump is ridiculous? We have a nice little home and keep it up well and make it look pretty and tidy. We remodeled the kitchen recently which may be behind this re-evaluation but the kitchen was 30+ years old! I need to see what their re-evaluation consisted of because if it was a comparison to homes a few streets to the west that's not fair as those homes are much larger and much, much newer and more modern. (My home was built in 1968, those others were built in the late 1990s or early 2000s.)

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Last edited by Rich-L79; Jun 2nd, 17 at 7:11 PM.
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post #2 of 77 (permalink) Old Jun 2nd, 17, 5:46 PM
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Re: #[email protected]%!* county property tax assessment

some states have Homesteading laws, Look into it. How old are you? Tax breaks?

https://smartasset.com/taxes/nebrask...tax-calculator

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post #3 of 77 (permalink) Old Jun 2nd, 17, 5:55 PM
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Re: #[email protected]%!* county property tax assessment

Just look into it. Where I live you have to have the house appraised and then take the appraisal to them and fight it. Which still sucks because the appraisal is around $300 here and still no guarantee of getting it changed.
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post #4 of 77 (permalink) Old Jun 2nd, 17, 6:25 PM
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Re: #[email protected]%!* county property tax assessment

Some states/counties have restrictions on how much of an increase percentage is allowed. There are penalties if they exceed it. Look at the surrounding houses in your area and see what their increase is.

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post #5 of 77 (permalink) Old Jun 2nd, 17, 6:35 PM
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Re: #[email protected]%!* county property tax assessment

I got a letter in the mail that my place was being reassessed this year... I'm a bit nervous what the outcome might be.

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post #6 of 77 (permalink) Old Jun 2nd, 17, 6:37 PM
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Re: #[email protected]%!* county property tax assessment

Basically what you must do is.get a collection of home values near you where the homes are either valued below yours or they are larger homes that are valued the same. They must be what is considered comparables, which means similar location/age/construction/etc.
Best chance would be something to the following. You can show similar houses in your area are valued at x number of $ per Sq ft and your house is valued at x plus 20% over the comparables.
In my area all this information is available on county real estate tax website. If you know someone in real estate and they have access to multilingual website this info can be gathered there as well.
All this info must be neatly arranged and printed out so it can be easily shown and explained at your appeal.
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post #7 of 77 (permalink) Old Jun 2nd, 17, 6:50 PM
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Re: #[email protected]%!* county property tax assessment

The Gov needs the value of homes to rise like crazy in order for them to find new source of money. They kinda have you between a rock and a hard place because every house flipper/selling wants the prices to go up like crazy. They can restrict new construction and create a spike in prices, that's what's going on now, the costs of the permits is thru the roof and they can't make cheap houses.

This comes down to you, you own a home and are directly effected by others flipping houses.

Even looking at sales might not work, most houses are at or near the 06/08 peak now and supply is low. I probably doesn't hurt to ask for a redo, but remember, you're a source of money for others to spend and they have you between a rock and a hard place because you have to have a place to live.
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post #8 of 77 (permalink) Old Jun 2nd, 17, 7:17 PM
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Re: #[email protected]%!* county property tax assessment

I wonder when the financial crises of 2008 hit, and the house prices tanked. Did they lower the assessed value by 20-40%. I dont think they did that around here. jim

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post #9 of 77 (permalink) Old Jun 2nd, 17, 7:24 PM
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Re: #[email protected]%!* county property tax assessment

Mine hasn't really changed in 25 yrs., but no one wants to live up here.

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post #10 of 77 (permalink) Old Jun 2nd, 17, 7:31 PM
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Re: #[email protected]%!* county property tax assessment

Is this tax assessment tied to you remodeling the kitchen or a general reassessment of all properties in your town. A few years ago we had our rear deck redone. We used the original framing and just replaced the deck flooring and railings with Trex Materials instead of pressure treated wood. We had to get a building permit for the work to be done. After the job was completed the building inspector came out to inspect it and he told me the assessors office would be coming out too but at a later date. The assessor came out and they raised my house assessment by around $700. Every so often by law they are supposed to reappraise all the properties in the town and adjust the assessments accordingly. Normally if the new appraisal is higher the mill rate drops and vice versa.

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post #11 of 77 (permalink) Old Jun 2nd, 17, 7:35 PM
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Re: #[email protected]%!* county property tax assessment

Exactly, My county raised the rates during the 2007-2015 downturn, essentially keeping their tax collection revenues the same. Now we are prime targets for massive property tax hikes if we get reassessed at the new double rates.

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post #12 of 77 (permalink) Old Jun 2nd, 17, 8:09 PM
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Re: #[email protected]%!* county property tax assessment

Quote:
Originally Posted by blm View Post
Basically what you must do is.get a collection of home values near you where the homes are either valued below yours or they are larger homes that are valued the same. They must be what is considered comparables, which means similar location/age/construction/etc.
Best chance would be something to the following. You can show similar houses in your area are valued at x number of $ per Sq ft and your house is valued at x plus 20% over the comparables.
In my area all this information is available on county real estate tax website. If you know someone in real estate and they have access to multilingual website this info can be gathered there as well.
All this info must be neatly arranged and printed out so it can be easily shown and explained at your appeal.
X2. our house in new york is on 1 acre & we pay almost 10,000 a year(that's school & county taxes). after doing the math we could probably send this amount of kids(in our district) to private school cheaper. good luck hope you get it reduced. oh & by the way I'm an old fart that don't help to much.
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post #13 of 77 (permalink) Old Jun 2nd, 17, 8:35 PM Thread Starter
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Re: #[email protected]%!* county property tax assessment

Quote:
Originally Posted by Jim Mac View Post
I wonder when the financial crises of 2008 hit, and the house prices tanked. Did they lower the assessed value by 20-40%. I dont think they did that around here. jim
Oh heck no. My valuation did actually go down a few thousand but that was only due to a law on the books that required it. The valuation they did was based on recently sold properties in the area but they neglected to include a home just a few doors down from me that sold for $40k less than my current valuation yet is very similar to my house. They must have really cherry picked those they compared against.

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post #14 of 77 (permalink) Old Jun 2nd, 17, 8:49 PM
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Re: #[email protected]%!* county property tax assessment

Through the County website, can you look at neighboring parcels to see if their property taxes also increased? In my county, it's easy to pull up property tax bill (name of owner is not shown) for those in my neighborhood.

Our assessed value went up $15,000 last year. It was a high of $317,000 in 2007-2008 year, and county decreased it to $145,000 by 2012-2013. It's been steadily rising since. That high water mark is still a pipe dream!


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post #15 of 77 (permalink) Old Jun 2nd, 17, 9:05 PM
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Re: #[email protected]%!* county property tax assessment

Rich, you may try going to Zillow.com and select your area on the map. If you drill down to your specific neighborhood and street, the map will go to a satellite view and show current estimated valuations and actual sales prices of recently sold real estate. This may help with your research regarding other home values around you.

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