Other Calling it

[springfield4]

I would go to the property appraisers office. I figured my assessed value increase and it was 3%. My market value was up 36%.

I will contact them tomorrow. Thanks

 

[Bob Wells]

I will contact them tomorrow. Thanks

I don't want to be up in your business, but would be interested in the explanation. Thanks

 

[bob1]

CNBC: 72% of recent homebuyers have regrets about their purchases. As the market cools, these steps can help you avoid disappointment.

72% of recent homebuyers have regrets about their purchases. As the market cools, these steps can help you avoid disappointment

The hot seller's market in recent years prompted buyers to go above and beyond to seal the deals on their prospective homes, a recent survey finds.

www.cnbc.com

 

[Matt J]

I will contact them tomorrow. Thanks

You didn't return the postcard did you?

 

[Ohio Girl]

I reviewed the TRIM statement and the assessed value for County and Other taxing districts increased by 10%. The assessed value for School taxing increased by a whopping 75%.
Why would assessed value for school taxes be different? Is this something that I can contest?

 

[Matt J]

I reviewed the TRIM statement and the assessed value for County and Other taxing districts increased by 10%. The assessed value for School taxing increased by a whopping 75%.
Why would assessed value for school taxes be different? Is this something that I can contest?

That's right education has no cap. You can request a reassessment of your property. They'll warn you though sometimes it goes higher.

 

[springfield4]

You didn't return the postcard did you?

postcard?

 

[springfield4]

I don't want to be up in your business, but would be interested in the explanation. Thanks

Bob - I just spoke with the Property Appraiser's office and their explanation is that in the year that you apply for a homestead exemption the assessed value goes to the market value. There is no assessment reduction in that year. Of course, going forward the 3% limit per year then applies.

 

[Matt J]

postcard?

Once you get homestead you'll occasionally receive a postcard from the property appraiser, you only return the card if you're no longer eligible for homestead, but some people think they have to to maintain homestead.

 

[Bob Wells]

Bob - I just spoke with the Property Appraiser's office and their explanation is that in the year that you apply for a homestead exemption the assessed value goes to the market value. There is no assessment reduction in that year. Of course, going forward the 3% limit per year then applies.

Understood thank you