Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Yeah, you of all people get the true 'benefit' of inflation.
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Property Taxes Anyone?
- Thread starter Terrel L. Shields
- Start date
Just did a quick perusal of our parcel pin numbers and property taxes went up between 25-50% on them between 2015 and 2023. We have some vacant farmland parcels, farmland with buildings, and one 10 acre parcel with a house.
Tom D
Elite Member
- Joined
- May 22, 2015
- Professional Status
- Certified Residential Appraiser
- State
- Pennsylvania
i live in a big dem city when the last republican mayor was around when i was a child. i could vote 2 times and i couldn't beat the dead dem vote. and let's not talk about how bad the public schools are here. fortunately, the amount of charter schools have been increasing. we have a 8% city sales taxes also, wtf. yea, yea. and they keep voting for the dems. i haven't seen one thing done here for the middle or poor class.
DTB
Elite Member
- Joined
- Jun 11, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Illinois
Dixmoor and Phoenix were 2 towns specifically mentioned. Quite the lovely hamlets.
www.bestplaces.net
The population in 1960 was 4,203. At this time, Phoenix had a diverse ethnic composition but the community was racially segregated. African Americans, comprising 65.3% of the population, lived in the northern portion of the village while Whites, forming 34.7% of the population, lived in the southern portion of Phoenix. In 1960, the municipal administration of Phoenix voted to de-annex the predominantly White portion of the village into Harvey. The exchange occurred in 1962 and with it, Phoenix lost one-third of its population as well as 60% of its tax base.
Einsteins running these towns.
Dixmoor, IL Crime
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The population in 1960 was 4,203. At this time, Phoenix had a diverse ethnic composition but the community was racially segregated. African Americans, comprising 65.3% of the population, lived in the northern portion of the village while Whites, forming 34.7% of the population, lived in the southern portion of Phoenix. In 1960, the municipal administration of Phoenix voted to de-annex the predominantly White portion of the village into Harvey. The exchange occurred in 1962 and with it, Phoenix lost one-third of its population as well as 60% of its tax base.
Einsteins running these towns.
BRCJR
Elite Member
- Joined
- Sep 20, 2005
- Professional Status
- Licensed Appraiser
- State
- Virginia
Most Assessors will "stand their ground".
If your property is similar to your neighbors and the tax total/assessed values are not similar you should appeal the assessment to the Board of Equalization.
If they also do not agree with you, in Virginia, you can take it to court.
jay trotta
Elite Member
- Joined
- Feb 8, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Connecticut
whole town went up; 30-50% (done generally in 5 yr intervals) this past cycle was based on a (1) year timeline, to take advantage of "overpaying for property" during that cycle. If you decide to do the court thing, (which is why the Assessor will stand their ground) in my area you're probably looking at $5,000 for all expenses involved. Is it worth the investment?? The board of appeals has mostly unqualified members, which can be seen when the deer in headlights from all members is noted from across the table and the response is; if you don't like our result, you can take it to the court of the county. (a just reason to deny before review)
KHS445
Senior Member
- Joined
- Aug 20, 2011
- Professional Status
- Certified General Appraiser
- State
- Michigan
In the last year I have been involved in between 25 and 30 initial consults with property owners, giving them suggestions on what steps to take if they are in disagreement with their assessed value, taxable value and/or taxes. I explain to them that the taxable value is the one to be most concerned with and unless they can prove the taxable value is greater than 50% of their property's market value they are wasting their time. I also encourage them to obtain a copy of their assessment card from the local Assessor and to make sure all of the information is correct, and if not how to go about requesting any corrections.
I had a large 60,000 +/- strip mall that is nearly vacant and not in the best of condition due to neglect by an out of state owner. I researched the sales and assessments for the most similar properties in the jurisdiction and after consulting with the owner's representative sat down with the Assessor and laid out the results of my research. The Assessor took everything under advisement and ultimately made a $300,000 reduction in the assessed value and a $242,000 reduction in the taxable value, saving the owner more than $12,000 annually.
I worked with a homeowner in representing himself before the Board of Review to correct several mistakes we found on his card resulting in an approximately 30% reduction on his taxes and a retroactive refund covering several years of $4,000 +/-.
I also was involved in a case that ultimately ended up at the Michigan Tax Tribunal, covering multiple years. The Assessor had basically used the total purchase price as the bases for the assessed and taxable value. The sale price included personal property, business value, and two other parcels of property that the Assessor placed additional value on. Despite multiple attempts to discuss the issues with the Assessor and the Board of Review, we ended up at the Tax Tribunal. Let's just say when I laid out all the information regarding the breakdown of the sale price of the subject and the four sales of very similar properties located in the same jurisdiction, the Administrative Law Judge was not impressed with the Assessor's records or responses. My client received three years of refunds plus interest as well as a reduction in taxable value to reflect the other sales in the jurisdiction. The main argument was that the subject's improved and rustic campsites were being assessed for the same value, which was nearly three times the level of the improved campsites valuations at the other four campgrounds. The Administrative Law Judge summarized that the Assessor backed into the value using the full sale price and he also found the Assessor's verbal testimony that they had visited the subject property as being false as there was no record of it on the Assessment Cards and the property owner stated to the best of his knowledge the Assessor had never visited the property during his ownership.
I had a large 60,000 +/- strip mall that is nearly vacant and not in the best of condition due to neglect by an out of state owner. I researched the sales and assessments for the most similar properties in the jurisdiction and after consulting with the owner's representative sat down with the Assessor and laid out the results of my research. The Assessor took everything under advisement and ultimately made a $300,000 reduction in the assessed value and a $242,000 reduction in the taxable value, saving the owner more than $12,000 annually.
I worked with a homeowner in representing himself before the Board of Review to correct several mistakes we found on his card resulting in an approximately 30% reduction on his taxes and a retroactive refund covering several years of $4,000 +/-.
I also was involved in a case that ultimately ended up at the Michigan Tax Tribunal, covering multiple years. The Assessor had basically used the total purchase price as the bases for the assessed and taxable value. The sale price included personal property, business value, and two other parcels of property that the Assessor placed additional value on. Despite multiple attempts to discuss the issues with the Assessor and the Board of Review, we ended up at the Tax Tribunal. Let's just say when I laid out all the information regarding the breakdown of the sale price of the subject and the four sales of very similar properties located in the same jurisdiction, the Administrative Law Judge was not impressed with the Assessor's records or responses. My client received three years of refunds plus interest as well as a reduction in taxable value to reflect the other sales in the jurisdiction. The main argument was that the subject's improved and rustic campsites were being assessed for the same value, which was nearly three times the level of the improved campsites valuations at the other four campgrounds. The Administrative Law Judge summarized that the Assessor backed into the value using the full sale price and he also found the Assessor's verbal testimony that they had visited the subject property as being false as there was no record of it on the Assessment Cards and the property owner stated to the best of his knowledge the Assessor had never visited the property during his ownership.