- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Biggest Metro Area Home Price Decline Since 2022 Peak - NOLA and LC make the list
Posted on 5/9/25 at 11:10 am to CAD703X
Posted on 5/9/25 at 11:10 am to CAD703X
quote:
its ridiculous given the latest property tax increases
I was thinking about this last night watching one of Peter Santenello's in Humbolt, CA, it blows my mind that people don't stand up against ever-increasing, insane property taxes. Being shaken down by the government for thousands and thousands of dollars each year just to be able to "own" property is pretty much criminal and anti-freedom.
0
Posted on 5/9/25 at 11:47 am to CAD703X
quote:
i'm the idiot that moved back to nashville b/c we found our dream house.
Seems like you move every 2 years.
Posted on 5/9/25 at 12:18 pm to AUin02
quote:
A house in my parents neighborhood recently sold for almost 100k over asking. Was shocked, I thought the days of those kind of bidding wars was over but apparently not for the right house.
Some people price competitively or below market to get multiple offers and start a bidding war. So that fact needs some context.
Posted on 5/9/25 at 12:19 pm to H2O Tiger
quote:
#1 baby lets go!
Love that I bought in July 2022 right at the peak of the market
Almost time to buy another and average down
Posted on 5/9/25 at 12:22 pm to H2O Tiger
quote:
My property tax assessment has dropped more than $150k since I bought in 2022
Same directionally here as well. Still up 50% from 2020 though.
My perfect world would be no property value increase until it goes parabolic right before I sold
Posted on 5/9/25 at 12:39 pm to Teddy Ruxpin
quote:
Still up 50% from 2020 though.
Do you not have a homestead exemption?
Posted on 5/9/25 at 12:46 pm to H2O Tiger
quote:
Do you not have a homestead exemption?
I'm talking about assessed value. In 2021 to early 2022 I could have likely sold the home for twice what I paid
Looney times.
This post was edited on 5/9/25 at 12:47 pm
Posted on 5/9/25 at 12:49 pm to Teddy Ruxpin
Our assessments for tax purposes are capped if you have a homestead exemption. Hence why you have $1+ million homes with a tax value of $400k.
Posted on 5/9/25 at 12:51 pm to H2O Tiger
quote:
Our assessments for tax purposes are capped if you have a homestead exemption. Hence why you have $1+ million homes with a tax value of $400k.
What they tax you on is capped.
If your house is initially valued at $1,000,000 but then assesses at $2,000,000, they can't tax you on $2,000,000 but can at $1,100,000. (10% of $1m). The law caps at 10% the annual increase in tax assessible value.
The homestead exemption makes the first $100,000 (or whatever they change it to in 2025 Leg Session) of that nontaxable.
The next year, if your value remains $2m the tax value will go up another 10%, to 1,210,000 and so on until it catches up (if it catches up). If your value goes down to 1.8m, your value still goes up to 1,210,000. Eventually market stabilization should get these numbers back aligned where you battle it out through protests. This scenario is why all the protest businesses changed their fee structure because almost none of them could save you any taxes after 2021 and therefore wouldn't collect any money.
This post was edited on 5/9/25 at 12:58 pm
Posted on 5/9/25 at 12:53 pm to AUin02
quote:
A house in my parents neighborhood recently sold for almost 100k over asking. Was shocked, I thought the days of those kind of bidding wars was over but apparently not for the right house.
That just happened down the road from me. Yet a few houses down from there sits a home that’s been for sale for over 45 days.
Posted on 5/9/25 at 1:35 pm to ronricks
quote:
Its May of 2025 and there still has not been a housing 'crash'. How upset are you?
There have been two crashes since 2021 dumbass
Posted on 5/9/25 at 2:48 pm to fallguy_1978
quote:
Seems like you move every 2 years.
fight me
Posted on 5/9/25 at 3:09 pm to iwyLSUiwy
quote:
If you hate having fun, yes, yes it is.
It's like NOLA. Super fun to visit. Wouldn't live there.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News