Property Taxes Hamper Diving

[kelpmermaid]

It varies from town to town, depending upon what bond issues there are, etc., but figure 1.1% to 1.25% based on the purchase price with increases limited to 2% a year.

Dr. Bill, president of the HOA? I should have warned you. Trust me, a thankless job.

 

[Drewpy]

LOL on the 500,000 house....not in the Bay Area or Los Angeles. A condo maybe...
I just got my tax bill..Ill have to give a break down-like the good Dr said lots of other stuff to pay for too..
Ill take a closer look and re-post the info.

 

[Misplaced Priority]

Thats for sure!

 

[Web Monkey]

Get it re-appraised by someone who you pay, then bring it down to your tax office.

They'll get a value that's closer to reality, and the city/county whatever will generally accept them, since it's difficult for them to justify valuing your house differently than a similar house in a similar area.

Terry

My assessment just went up $81,000.00 on my home. My taxes are now $5,000+ per year. This is two trips I could take!!!!! When will this madness end.

 

[drbill]

Dr. Bill, president of the HOA? I should have warned you. Trust me, a thankless job.

Mary Lou... fortunately it is a very small HOA. I've been treasurer the past five years and got tired of having to remind everyone to pay their dues (oops, I'm still 7 months in arrears, but that will be my "Christmas present" to the HOA next month) so I could pay the bills. President is much easier... I just have to chair the annual meeting.

 

[idocsteve]

In NY my property taxes are over 12k per year for an acre of wooded property in a nice neighborhood. Top that! Don't forget that property taxes are a tax deduction, at least for now.

 

[mnj1233]

Get it re-appraised by someone who you pay, then bring it down to your tax office.

They'll get a value that's closer to reality, and the city/county whatever will generally accept them, since it's difficult for them to justify valuing your house differently than a similar house in a similar area.

Terry

Had a meeting with the assessor (sp) yesterday and $81,000 increase is the reduced amount. It was over $100,000 till I told him my windows were old.

 

[ShakaZulu]

I bought my Condo for 375k and my taxes is 5k/year. Are you telling me they can come, re-assess your house and you must pay more taxes? *** is that?

 

[mnj1233]

I bought my Condo for 375k and my taxes is 5k/year. Are you telling me they can come, re-assess your house and you must pay more taxes? *** is that?

In most states yes thats true. Taxes you pay rise with the CURRENT assessed value. In Cal they passed Prop 13 which freezes the tax rate at the purchase amount.

 

[archman]

Texas property taxes are high to make up for our lack of a state income tax. I'm not particularly complaining.