Keep going up every year. When I bought my house 5 years ago my mortgage payment was about $1650. Today I made my monthly payment and a new and not-so-improved payment of $2050.

F-me, they are going to end up pricing me out of this neighborhood.

$400 / month

Around here, property tax assessment values have been increasing the maximum amount allowed by state law. Fortunately, I'm a county whose commissioners have been taking the sane approach of lowering property tax rates commensurate with the appraisal value increase.

The only thing that has changed about my property since my last tax assessment is that I built a chicken coop. My property value increased $170,000 this year and, of course, my taxes increased substantially.

I have the most expensive chicken coop in the county apparently.

Property tax rates should go down as values increase so as to remain revenue neutral. When counties think they need more money they can ask for it on a ballot.
At the very least they should be indexed to inflation.

The libs here in CA hate Prop 13.

“Proposition 13, adopted by California voters in 1978, mandates a property tax rate of one percent, requires that properties be assessed at market value at the time of sale, and allows assessments to rise by no more than 2 percent per year until the next sale. …”

https://www.nber.org/digest/ap...20the%20next%20sale.

My current house's assessed value went up ~50% in just the 3 years I've owned it. Assessed at $225k when I bought it in 2020 and it was just reassessed at $340k.

Luckily, state law caps annual property tax increases at 5%.

That means it'll take 10 years for me to hit that full new tax rate, going up 5% every year. But there will be 2 more rounds of reassessments during that same 10 years period, which are guaranteed to continue to push that assessed value even higher, barring something like another major real estate crash ala 2008.

So effectively, I can be assured of a 5% property tax increase every single year for the foreseeable future (decades).

quote:

Property tax rates should go down as values increase so as to remain revenue neutral.

That is Tennessee law. TN requires reappraisals every 4 to 6 years & total revenue must remain neutral. Nashville reappraises every 4 years to level the playing field

quote:

Originally posted by tatortodd:
$400 / month

Around here, property tax assessment values have been increasing the maximum amount allowed by state law. Fortunately, I'm a county whose commissioners have been taking the sane approach of lowering property tax rates commensurate with the appraisal value increase.

That's nothing around here. My property taxes are now "only" $5,700 a year. I know people in NJ paying $10,000-$12,000 a year or more in property taxes!

quote:

Originally posted by PASig:

quote:

Originally posted by tatortodd:
$400 / month

Around here, property tax assessment values have been increasing the maximum amount allowed by state law. Fortunately, I'm a county whose commissioners have been taking the sane approach of lowering property tax rates commensurate with the appraisal value increase.

That's nothing around here. My property taxes are now "only" $5,700 a year. I know people in NJ paying $10,000-$12,000 a year or more in property taxes!

Might want to re-read that. The OP posted about a $400/month increase (aka $4800/year increase) not about paying $400 per month total.

I pay over $10k per year in property taxes. I've seen my appraised value go up 35% since 2019, but fortunately still paying approximately the same amount in property taxes due to 2 factors:

state law caps amount assessed value can increase in a year

county commissioners have been lowering the tax rate to keep property taxes level. Plenty of new tax revenue from all of the people who moved here the last 3 years.

---

Ego is the anesthesia that deadens the pain of stupidity

DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer.

I just successfully appealed mine, they must have fell and bumped their heads with their valuation. I got about 160k knocked off the valuation and about $1100 in taxes

We are on eighty-eight acres and our house and property is paid for.

Our property taxes have steadily risen about $900 per year the last four years.

We have twenty-five acres in an adjoining county and they have only risen about $125 total.

This tax business is getting out of hand!

quote:

Originally posted by tatortodd:
Might want to re-read that. The OP posted about a $400/month increase (aka $4800/year increase) not about paying $400 per month total.

DOHHHH...you are right. I misread that one completely.

You members may want to check your local rules for a reduction in taxes. In some areas if you are over a certain age, usually 65, or on any kind of disability you can get a reduced rate. I think it's about 10% in this area.

quote:

Originally posted by fiasconva:
You members may want to check your local rules for a reduction in taxes. In some areas if you are over a certain age, usually 65, or on any kind of disability you can get a reduced rate. I think it's about 10% in this area.

Sometimes it's even better than that. In Arkansas, you can have the tax assessment capped on your primary residency when you turn 65 or if you become disabled. This means no further assessed value tax increases during your lifetime. (But your tax bill could still potentially go up, for example, if your local county or city raises their millage rate.)

I came into this section to post about this and saw this thread.

I own my home and a piece of 5 acre raw land. I used to fight property taxes on my own, but it has become a loosing battle and I just don’t have the time and energy to do it anymore so I hire a company for each since they are in different counties.

Both lost this year and I will pay more. Even in prior years where they get the amount down, I STILL am paying more taxes but just not as much as I would have.

I bought my home for $218,000 and now I am paying taxes at $550,000. I have done zero remodeling to the home in 22 years and the fountains cracked and roof needs to be replaced but that doesn’t matter to the taxing county.

I bought my raw land for $60,000 and now am paying taxes for it valued at $300,000. Since I don’t live on the land, there is no cap on how high they can tax me.

This is getting beyond out of control. I work for the state and do not get pay raises. Yes I will have a pension if I stay long enough to retire, but I don’t get pay raises! I will probably be paying about $15,000 in property taxes this year. I put money aside every month for this but you don’t find out until now, September, of what you will have to pay in January. So as I have had to do for the last several years, I am going to have to take money out of savings to make up the difference. Then I still need to get the foundation fixed, due to clay soil and this Texas heat, which will be between $10K-$15K. Jesus!!!!!!

quote:

Originally posted by tatortodd:
$400 / month

Around here, property tax assessment values have been increasing the maximum amount allowed by state law. Fortunately, I'm a county whose commissioners have been taking the sane approach of lowering property tax rates commensurate with the appraisal value increase.

Problem is in Texas it is a double whammy! Every single year the county I live in raises the “tax rate” by the highest level allowed by law. Then on top of that, they raise the value of your home and now even the land it is on so it goes up even more. Then you get taxed much more by the combination. This crap is out of control. The majority goes to the schools and where I live they recently built a $20 million high school football stadium and now want to add electronic signs at schools so someone doesn’t have to go replace the letters in the sign to say what they want to say and all,kind of other “convinces”. Then on top of that they plan to spend around $20 Million to build free housing for teachers because that is what California does.

quote:

Originally posted by PASig:

quote:

Originally posted by tatortodd:
$400 / month

Around here, property tax assessment values have been increasing the maximum amount allowed by state law. Fortunately, I'm a county whose commissioners have been taking the sane approach of lowering property tax rates commensurate with the appraisal value increase.

That's nothing around here. My property taxes are now "only" $5,700 a year. I know people in NJ paying $10,000-$12,000 a year or more in property taxes!

Nailed it. 1k a month on 5k square ft lot. 80yo house. I gotta get out.

quote:

Originally posted by RogueJSK:

quote:

Originally posted by fiasconva:
You members may want to check your local rules for a reduction in taxes. In some areas if you are over a certain age, usually 65, or on any kind of disability you can get a reduced rate. I think it's about 10% in this area.

Sometimes it's even better than that. In Arkansas, you can have the tax assessment capped on your primary residency when you turn 65 or if you become disabled. This means no further assessed value tax increases during your lifetime. (But your tax bill could still potentially go up, for example, if your local county or city raises their millage rate.)

In Texas, if you are 65 or older or disabled then it only puts a freeze to future tax increases starting that year. That DOES NOT freeze the tax increase for school taxes, which is the vast majority of the taxes so they still go up. There are MANY elderly and disabled people being taxed out of being able to live in their homes and these people coming from California just come gobble up the homes!

quote:

Originally posted by StorminNormin:
I bought my home for $218,000 and now I am paying taxes at $550,000.

That's roughly my situation ($250K to $520K). Funny thing is, one of my neighbors down the road has a bigger home (built the same year) and twice as much land as I do. He's only paying on $350K.

Mind you, it's hard to complain when our rates are comparably low (I have friends in NY paying $15,000/yr.), but it is the principle. Bottom line is that you get to rent your own property from the county.

If they kept the potholes filled and the roads plowed in the winter, maybe I wouldn't be so upset. But no, my road is filled with potholes that'd swallow a VW and their method of snow removal in the winter is the sun.

Property taxes should be capped at your purchase price for as long as you own said property. If you sell, the new owner pays the current assessment. Government needs to live within it's means...local, state, and federal.

Bought my home here in 1994. Both assessment and property taxes have exponentially increased in the years since. Currently my property tax is $5,052.00. One significant factor in why they are what they are is that South Dakota has no income tax.

As an aside I have challenged the county's assessment a couple times in the past, always successfully.