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re: Question About Home Purchase,PMI, and Appraisal Value

Posted on 9/13/12 at 4:45 pm to
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63260 posts
Posted on 9/13/12 at 4:45 pm to
Our property taxes are based on an amount over 25k less than what we paid, and nearly 40k less than our appraised value (done last week). Previous owners fought the rate and got it down, and they haven't adjusted it since.
Posted by hawkeye007
Member since Feb 2010
5906 posts
Posted on 9/13/12 at 5:02 pm to
yes they can change when the parish re asses the taxs
Posted by tiger94gop
GEISMAR
Member since Nov 2004
2922 posts
Posted on 9/13/12 at 8:10 pm to
Because your taxes were prorated from what the prior owner paid. Also, all properties are technically reassessed every four years. If the municipality rolls back the millage, your taxes should go down because more people are paying in. If they roll forward, your taxes go up. Guess what usually happens. As a homeowner,you should educate yourself on something that will effect your for potentially the rest of your life or ownership of the property.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 9/14/12 at 8:04 am to
(no message)
This post was edited on 11/29/12 at 3:25 pm
Posted by jmtigers
1826.71 miles from USC
Member since Sep 2003
4973 posts
Posted on 9/14/12 at 8:34 am to
My PMI payment is $45, I put 10% down
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