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Author Topic: Taxes going up!!!  (Read 2149 times)

Offline XSleuth

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Taxes going up!!!
« on: May 03, 2010, 09:45:57 PM »
Oh brother.  Just got the proposed appraisal.  With that kind of devaluation, the city budget is going to take a beating.  Get ready for the tax hike talks...
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Offline RedHighHeels

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Re: Taxes going up!!!
« Reply #1 on: May 03, 2010, 09:52:02 PM »
How bad did yours drop?  Mine went down 10K and my neighbor had hers go down 16...
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Offline I Know John Geren!

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Re: Taxes going up!!!
« Reply #2 on: May 03, 2010, 09:55:15 PM »
Mine went up.........house value up 40K........I don't think it will ever catch the value of the property ....
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Offline Peaches

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Re: Taxes going up!!!
« Reply #3 on: May 03, 2010, 09:59:09 PM »
over the last 3 years ours dropped  :-\  its now 40 grand diff of what we paid...
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Offline XSleuth

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Re: Taxes going up!!!
« Reply #4 on: May 03, 2010, 10:02:05 PM »
We dropped $20k.  Which is now about $25k below what we gave and doesn't take into account that little pool project from a few years ago.
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Offline RedHighHeels

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Re: Taxes going up!!!
« Reply #5 on: May 03, 2010, 10:08:03 PM »
We are down 29K from what we paid, but the appraisal we had done for the closing came out much higher, making that difference 54K.
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Offline Scout

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Re: Taxes going up!!!
« Reply #6 on: May 03, 2010, 10:52:43 PM »
We came in right at what we paid until I made a call; our sq footage was off so reworked we came in just 4k under what we paid. Wish I had paid attention to the square ft thing for the last two years.
This market is scary but has been good to us so far...
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Offline Gone

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Re: Taxes going up!!!
« Reply #7 on: May 04, 2010, 10:19:41 AM »
Mine went down also about 1800 less. Yes the tax rate will prob go up, but what I'm mainly concerned about is when property values start to rise again, will the tax rate stay up ? This will get all of us in the pocket book real fast.
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Offline RedHighHeels

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Re: Taxes going up!!!
« Reply #8 on: May 04, 2010, 11:48:17 AM »
Quote from: Scout on May 03, 2010, 10:52:43 PM
We came in right at what we paid until I made a call; our sq footage was off so reworked we came in just 4k under what we paid. Wish I had paid attention to the square ft thing for the last two years.
This market is scary but has been good to us so far...

That is where I am a little less concerned.  We added on approximately 600 sq ft, but the builder only reported the basic floor plan.  We are showing 3001 sq ft on the tax rolls, when we actually have right at 3600...
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Offline grumpycompuprof

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Re: Taxes going up!!!
« Reply #9 on: May 04, 2010, 02:06:51 PM »
Our's went up from last year by $5K, but net we are still down by $9K based on our purchase price, but then the appraisal to fund the mortgage is different from the tax assessor's appraisal. It could have been worse, but upward means hopefully that the economy is on its way to recovery - let's hope it is not just a ploy to get more tax income.
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Offline RedHighHeels

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Re: Taxes going up!!!
« Reply #10 on: May 04, 2010, 02:12:15 PM »
Oh yes, the tax assessor's appraisal is just their random guess, where as a true appraiser gets in the house and gets to see the details.  There really is no comparison, and I am sure if I called up CCCD and invited them out my assessment value would go up substantially.
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Offline grumpycompuprof

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Re: Taxes going up!!!
« Reply #11 on: May 04, 2010, 02:21:04 PM »
Some mortgage appraisors just do a book/paper appraisal as well. We were bidding on a house in Melissa, but the foreclosing bank never got back to us, but the appraisal was through the roof - instant equity of about 35%. Would have been a nice deal, but we are happier here in Anna.
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Offline RedHighHeels

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Re: Taxes going up!!!
« Reply #12 on: May 04, 2010, 02:37:47 PM »
Quote from: grumpycompuprof on May 04, 2010, 02:21:04 PM
Some mortgage appraisors just do a book/paper appraisal as well. We were bidding on a house in Melissa, but the foreclosing bank never got back to us, but the appraisal was through the roof - instant equity of about 35%. Would have been a nice deal, but we are happier here in Anna.

I don't think you will see much of that in the current market, the banks need to cover their ass(ets)...
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Offline dawsons

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Re: Taxes going up!!!
« Reply #13 on: May 04, 2010, 05:12:53 PM »
Our value dropped again even showed that we dropped 9.64 percent since 2005
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Offline militarydave

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Re: Taxes going up!!!
« Reply #14 on: May 04, 2010, 10:26:20 PM »
this is why you should pee in the pool!
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