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Property Tax Assessments
Posted on 10/1/20 at 7:06 pm
Posted on 10/1/20 at 7:06 pm
What is to explain when you have a house assessed at $150k the last 5 years in a row when it is clearly worth about a million and even for sale?
Having been looking at houses recently I am finding this a ton. And I’m not talking new houses where it was land only for the first year. I’m talking established homes that are off by several hundred thousand.
I feel like there should be a whistleblower site or something. Why should I pay full freight when there are so many out there not? On those that aren’t paying full freight cause increases in the millages.
Or is their some other explanation to this?
Having been looking at houses recently I am finding this a ton. And I’m not talking new houses where it was land only for the first year. I’m talking established homes that are off by several hundred thousand.
I feel like there should be a whistleblower site or something. Why should I pay full freight when there are so many out there not? On those that aren’t paying full freight cause increases in the millages.
Or is their some other explanation to this?
9
Posted on 10/1/20 at 7:39 pm to TigerDeBaiter
(no message)
This post was edited on 10/1/20 at 7:41 pm
Posted on 10/1/20 at 7:45 pm to TigerDeBaiter
Ok Karen.
Posted on 10/1/20 at 8:37 pm to TigerDeBaiter
Which area are you referring to?
Posted on 10/1/20 at 9:09 pm to TigerDeBaiter
That sounds like south Louisiana. The Louisiana assessors office usually is pretty lackadaisical on assessments. In Texas, we have the opposite problem. They like to assess an $800,000 home at $2.4 million.
Posted on 10/2/20 at 7:39 am to TigerDeBaiter
Just had to contest my increase. last assessment i was "appraised" for $255k, this time the increase was to $296k
Luckily house on my street same floor plan, sold for $279 in January (was a divorce. house was empty and the were in a hurry to unload) Assessor changed my appraisal to mach their sale. he said he used $115/ft to come up with the appraisal.
Luckily house on my street same floor plan, sold for $279 in January (was a divorce. house was empty and the were in a hurry to unload) Assessor changed my appraisal to mach their sale. he said he used $115/ft to come up with the appraisal.
Posted on 10/2/20 at 8:10 am to ItzMe1972
70808, 70809 is where am I seeing this a lot.
Homes around the lakes are flat out ridiculous.
It would be nice if there was a way to contest them. I’ll buy your house for your assessment or you can raise it.
Obviously there are problems on the other side of the coin with assessors being too aggressive, but this strikes me a favors.
Homes around the lakes are flat out ridiculous.
It would be nice if there was a way to contest them. I’ll buy your house for your assessment or you can raise it.
Obviously there are problems on the other side of the coin with assessors being too aggressive, but this strikes me a favors.
Posted on 10/2/20 at 8:35 am to TigerDeBaiter
Cant speak to LA, but in Florida, the County cannot increase your assessed value more than 3% in a year on homestead property. Consequently, people who have owned for a while usually have lower assessed values than the actual fair market value of their property. I imagine there's something similar in LA that is the cause of this discrepancy.
Posted on 10/2/20 at 9:40 am to TigerDeBaiter
Could it be that they are locked into an older assessed value because the listed owner is 65+ or a veteran?
I recall seeing this as an amendment the past few elections, but since I don't qualify for either I never paid attention to all of the final results, or recall the requirements.
I recall seeing this as an amendment the past few elections, but since I don't qualify for either I never paid attention to all of the final results, or recall the requirements.
Posted on 10/2/20 at 8:00 pm to TigerDeBaiter
Mind your business, narc.
Posted on 10/3/20 at 9:13 am to JoeBobRuby
In Texas the Homestead max. annual increase is 10%. That means the tax value can double every 7.5 years. The city/county elected officials say "we have not increased the property tax rate in 4 years!". But in reality the tax receipts go up +30%. What a joke. 
Posted on 10/5/20 at 6:30 am to TigerDeBaiter
My property taxes go up every year but i'm supposed to be greatful because my house is worth more now 
. Been in my house almost 10 years and in that timeframe my property taxes have gone up 2k in that timeframe.
. Been in my house almost 10 years and in that timeframe my property taxes have gone up 2k in that timeframe.Posted on 10/5/20 at 8:17 am to TigerDeBaiter
They don't re-assess every year. Usually when I see something like the numbers you are describing it is because it was a new build. The assessment is at the land value and not the land + house value. From what I have seen the re-assessments are very inconsistent and infrequent in Louisiana.
It is funny hearing everyone complain about their assessments going too high when it is re-assessed. I don't hear them complaining that they underpaid the last 5 years and most of the time when they go to list the house it is close or above this "new" assessed value.
I bought a new build that was still showing the land only assessed value. When my first tax bill came it was for the sale price not the previous assessed value. I had to go back to the builder to pay me the increased pro-rated amount.
It is funny hearing everyone complain about their assessments going too high when it is re-assessed. I don't hear them complaining that they underpaid the last 5 years and most of the time when they go to list the house it is close or above this "new" assessed value.
I bought a new build that was still showing the land only assessed value. When my first tax bill came it was for the sale price not the previous assessed value. I had to go back to the builder to pay me the increased pro-rated amount.
This post was edited on 10/5/20 at 8:20 am
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