Closest comparable house was last year on an adjoining street 9 houses away. Same size house, same everything. Sold for what I paid for my house 7 years ago. $30k more than the town currently assesses my house for and I'm taxed at. I'm on the winning side right now...until they either raise the tax rate, or my house is re-assessed in an improving market of comparable houses or it's sold.
Quote:
Originally Posted by fishbones
If that's the case, they shouldn't say that your real estate tax is based on the valuation of your property. They should be honest and just say that they will tax you whatever they see fit to try to balance their budget. If they need more money, they will just tax you more. No need to come up with some phoney baloney excuse that your property is somehow worth more now even though if you tried to sell it, you'd quickly see that it's worth less than the town thinks it's worth.  |