Property Tax BS!

[TheSpecialist]

Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&

There's no excuses to revalue the property? Not sure what your talking about. Bigfish if that's how you think it works then I suggest you go talk to your assessor and ask them specifically how they value your house and how the tax system works. I don't think you understand right now based on what you say here..

If it takes $20 million to run the town each year then they have to set the tax base on what they need for income. If people file for abatements then they still need the same $20m to run the town. They won't revalue your house arbitrarily they will raise the tax rate. It goes hand in hand with what the house is worth. If you sell your house tomorrow the next owner will pay taxes on the new mls sale value until such time that they determine through comparable property sales that the rates have fallen. It just so happens right now they say my house is worth less than what the last mls sale was. Even though comparable properties are selling for the same or more than the original amount I paid for my house. If that tax income goes down it's got to be made up somewhere. By law they have to first apply to the state for a change in tax rate, the state audits their books and looks to see if it's justified for what they need.

And this doesn't take into account rates which are disapproved or town meeting etc failures in votes which result in cuts etc.

I'll tell you , they definitely don't check what houses sell for. If they did I would have been playing alot more 3 years ago. I asked the assessor if my house would sell for x, and it is less than the y the town says it is worth can't they drop it . He told me that is not how they value property for tax purposes.

[TheSpecialist]

BTW my town taxes all property at the same rate, commercial residential etc. That is the biggest bs of all of it. Also my town has consistently raised the taxes each year the max they can without a 2 1/2 . They have also cut jobs, closed a fire station, cut alot of the parks and rec , oh yeah and the assessor told us the taxes will be going up again.

[UserRemoved1]

Well I'm telling you in Uxbridge it definitely is. And I checked with my real estate agent back then too and she said it was common practice. I specifically asked the assessor when he came out to remeasure the house. They will revalue the house based on the last selling price and they use the MLS sold price to do it.

It doesn't go by what a house COULD sell for...it becomes it's own comparable price when it sells and it used to revalue.. If you want to drop the assessment on your house you need to look at comparable/same/similar properties and what they've SOLD for in the last year. If it's less than the assessment then you can print that and use that as a basis for an abatement in January. You got less than a month to do it..

But i'm telling you in most cases it's not worth it.

Still waiting to hear from the large one in hanover.........come on larry you bitched and moaned.. lets hear the answers.

Originally Posted by TheSpecialist

I'll tell you , they definitely don't check what houses sell for. If they did I would have been playing alot more 3 years ago. I asked the assessor if my house would sell for x, and it is less than the y the town says it is worth can't they drop it . He told me that is not how they value property for tax purposes.