Property Tax Assessment

[max_boost]

Well just got my property tax assessment, property assessment value went up 37% but the taxes went up 25% This one's going to hurt.

What about you guys?

[Impreza]

Our taxes went up about 12%, but the assessment stated an increase of about 23% in the value of our house.

[Ben]

Gotta love sending the city a bill for 4k.

[t-im]

Originally posted by Ben
Gotta love sending the city a bill for 4k.

hahaha try 8k

[JordanLotoski]

hahaha my homes worth 549k...was assed at 366k, and my mill rate was reduced to .0073 ...2600 a month..aww i love the way this city works

[GQBalla]

ohh my dad just got his today.

lol i should go take a look at it

[ronaldo]

our property tax went down and the assesment went up

[Oz-]

Mine went up about 10% total assessmentwise, but my taxes went down a bit. Last year we got wasted by the property tax, it went up over 45% from the previous year.

Still not complaining though, since they value it a lot less then it would sell on the market.

[Mr. Burns]

Originally posted by ronaldo
our property tax went down and the assesment went up

[89coupe]

LOL...mine only went up 12%

But the funny thing is, i just had my place appraised the other day and it came in 62% higher then what the city appraised it at...LOL...so I can't complain.

[B20EF]

My property assessment went down.

I live in a condo downtown, wtf.

Oh well cheaper property taxes

[lastprodigy]

Hey, if a realtor could chime in on this...I have hear that VERY GENERAL way of coming up with a list price would be 10-15% over the tax assesed price...now I know its not accurate in all cases but how true is it?

[Billet]

wow, everything jumped up crazy

mine went up 10% and I am complaining

Originally posted by lastprodigy
Hey, if a realtor could chime in on this...I have hear that VERY GENERAL way of coming up with a list price would be 10-15% over the tax assesed price...now I know its not accurate in all cases but how true is it?

selling price is assesed price. listing is asking for 10% more knowing full well your going to get 10% less than asking

[69cougar]

Originally posted by Billet
wow, everything jumped up crazy

mine went up 10% and I am complaining





selling price is assesed price. listing is asking for 10% more knowing full well your going to get 10% less than asking

Not to many houses list for assessed value look up a few threads at MIWFYSHOT post hes a realtor look at his assesed vs selling price

[89coupe]

Originally posted by lastprodigy
Hey, if a realtor could chime in on this...I have hear that VERY GENERAL way of coming up with a list price would be 10-15% over the tax assesed price...now I know its not accurate in all cases but how true is it?

LOL, try 60% more.

[t-im]

Originally posted by lastprodigy
Hey, if a realtor could chime in on this...I have hear that VERY GENERAL way of coming up with a list price would be 10-15% over the tax assesed price...now I know its not accurate in all cases but how true is it?

I don't agree with that ! most realtors I talked to say city assesment is garbage.

On the news yesterday, a alderperson was saying how city assesment is already "not accurate," since they were finalized last july and the market has significantly changed since then.

[legendboy]

my assessment went up 20%

[89coupe]

Of course its not accurate.

My 2006 assessment came in $15000 less then what I purchased the place for 3 years ago...LOL

[rockym20]

My assessment went up by only around $10,000 (under 5%), but the market value has gone up by $80,000 - $100,000.

[lastprodigy]

Yeah, thanks...one of our assesments went up about 15%....well see how this goes