ST Alpha - "Is the valuation accurate?" (Reading a Post)

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Posts: 154

In response to "B2: Property Tax - yup ours went up 10%. Have never appealed one, what's the process? do you know? -- nm" by Beaker

Is the valuation accurate?

Posted by Will Hunting (aka JoeMetz) Oct 4 '21, 09:19

I mean, if my mine goes up 10%, but my house went up 50%...i'm thinking I still stole money.

Responses:

The increases this year are not accurate. It's purely a reaction to the hot real estate market. -- nm - Shaun Oct 4, 09:22
I'm surprised by how much people on the local facebook groups complain and hem and haw about their property taxes. I will consider myself blessed that - oblique Oct 4, 09:21 4
- for me even a small increase is very visible because you're paying the previous year's increase plus prepaying the next 14 months. -- nm - amanda jeans Oct 4, 09:24 3
  - This -- nm - Epiphany Oct 4, 09:28
  - We bought for 210k in 2016. In 2020, they got the assessment up to 212k .... my house would have sold for 285k that year - Will Hunting Oct 4, 09:28 1
    - for me a 4.7% increase is MUCH larger than $51 and thus more noticeable from a dollar standpoint. also - amanda jeans Oct 4, 09:47
most likely undervalued by 20-25% -- nm - Beaker Oct 4, 09:20 2
- Then here, I'm nodding and paying up. - Will Hunting Oct 4, 09:21 1
  - Yup. -- nm - mara Oct 4, 09:22

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