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Just received the dreaded Notice of Proposed Property Taxes Yearly Letter

Posted on 8/24/23 at 7:29 am
Posted by FLObserver
Jacksonville
Member since Nov 2005
15231 posts
Posted on 8/24/23 at 7:29 am
Oh Joy. I'm going to see how much my property value has increased and oh yeah you owe us more money now because of this. My property taxes have gone up 50% in the 10 years i've been here but i should be happy because my house is worth more. What good is that if i dont plan on selling? Probably added an Inflation tax this year as well. Rant over.
Posted by BabyTac
Austin, TX
Member since Jun 2008
14468 posts
Posted on 8/24/23 at 7:32 am to
The good thing in Texas is at least the taxes seem to stay in the community for the most part and you can see the results.

It’s does suck tho, in my case, with a paid for home but having to write a $15,000 check every year. It’s like I’m just renting my house from the government.
This post was edited on 8/24/23 at 7:33 am
Posted by jlovel7
Louisiana
Member since Aug 2014
22802 posts
Posted on 8/24/23 at 7:33 am to
quote:

It’s does suck tho, in my case, with a paid for home but having to write a $15,000 check every year. It’s like I’m just renting my house from the government.


That’s pricier than a lot of mortgages I know of….
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
48902 posts
Posted on 8/24/23 at 7:34 am to
Florida property taxes are below the national average.

Now do property taxes in Texas.
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
58793 posts
Posted on 8/24/23 at 7:34 am to
They put it in me this year. Bigly.
Posted by Brotorious
NOLA
Member since May 2013
416 posts
Posted on 8/24/23 at 7:35 am to
I feel your pain. Ours came in last Friday. Ruined our Friday.

Im a positive person. The Taxing of everything has me ready for this Country and/or the World to end. It’s beyond frustrating.
Posted by carhartt
Member since Feb 2013
8072 posts
Posted on 8/24/23 at 7:35 am to
Our property tax is actually going to go down a little thanks to the extra Homestead exemption credit I get for being 80% VA disabled.

Thank you Louisiana voters.
Posted by Tvilletiger
PVB
Member since Oct 2015
5738 posts
Posted on 8/24/23 at 7:43 am to
Yep got it yesterday in the mail box. Have not opened. Actually forgot until you just remainders me.
Posted by MSTiger33
Member since Oct 2007
21007 posts
Posted on 8/24/23 at 7:43 am to
quote:

It’s does suck tho, in my case, with a paid for home but having to write a $15,000 check every year. It’s like I’m just renting my house from the government.


Rookie numbers. I have a $28,000 property tax bill on top of state income tax.
Posted by SouthPlains
Member since Jul 2023
968 posts
Posted on 8/24/23 at 7:48 am to
quote:

I’m just renting my house from the government


Correct. Not to be a doomer, but it seems like you never truly own anything in this country.

Maybe people maxing out debt limits up to their eyeballs with no intention of paying it back have the right idea. Why work towards a goal of a paid off house if they can just live in luxury beyond their means for awhile, tie it up in eviction/foreclosure proceedings that drag out for a couple more years, then bail.
This post was edited on 8/24/23 at 7:48 am
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
144857 posts
Posted on 8/24/23 at 7:52 am to
quote:

Rookie numbers. I have a $28,000 property tax bill on top of state income tax.
ouch, mine will run around $17K
Posted by dallastiger55
Jennings, LA
Member since Jan 2010
31136 posts
Posted on 8/24/23 at 7:57 am to
quote:

The good thing in Texas is at least the taxes seem to stay in the community for the most part and you can see the results.


I know in our northern Dallas burb it’s the case. I’ll put our facilities, parks and schools against anyone. Top of the line

They are opening a 60 million dollar, 150,000+ sq foot Rec center a mile from my house next month.

They opened a 45 million STEAM center that every school aged kid in the district goes to once a week for a class.



And Texas just passed a homestead law to increase your homestead exemption to 100k which will help taxes.
Posted by AubieinNC2009
Mountain NC
Member since Dec 2018
6407 posts
Posted on 8/24/23 at 8:33 am to
quote:

It’s does suck tho, in my case, with a paid for home but having to write a $15,000 check every year. It’s like I’m just renting my house from the government.


Except for the parks, roads, utilities, police/fire services, and schools that you get to use.
Posted by Yewkindewit
Near Birmingham, Alabama
Member since Apr 2012
21113 posts
Posted on 8/24/23 at 8:34 am to
In my local part of north central Alabama my property tax assessment went up $60K in one year. A hospital is being built 6 miles from my address so possibly that’s the case. The government will get theirs for sure.
Posted by brtiger77
Member since Aug 2023
232 posts
Posted on 8/24/23 at 8:42 am to
Property Tax is a massive scam.

But what are you gana do?
This post was edited on 8/24/23 at 8:43 am
Posted by tonydtigr
Beautiful Downtown Glenn Springs,Tx
Member since Nov 2011
5835 posts
Posted on 8/24/23 at 8:55 am to
In Louisiana the notices go out at Christmas. Nice.
Posted by Monsieur le Duc
Château de Chantilly
Member since Aug 2014
692 posts
Posted on 8/24/23 at 9:01 am to
quote:

My property taxes have gone up 50% in the 10 years i've been here


presumably you're complaining about taxes on your florida homestead property

under the save our homes act, the assessed value of your homestead for ad valorum tax purposes cannot increase by more than 3% OR the percentage change in the CPI, whichever is less, each year. if you purchased a home for $500,000 in 2013, didn't have a portable exemption from a prior homestead property, didn't make a single taxable improvement to the property (which are not exempted by the s.o.h. cap), and the assessed value increased by the maximum amount permitted by the s.o.h. cap each year, the assessed value of your home for TY2023 would be $594,598.05.

that's an ~19% in assessed value, meaning that absent major improvements (e.g., additions, major reno, swimming pool) it's incredibly unlikely you've experienced a 50% increase in ad valorum property taxes over the past decade. moreover, the market value of the home you purchased for $500k in 2013 is very likely well over $1MM.

imo, stop bitching about the relatively insignificant property taxes you're paying to support schools, roads, and municipal/county services in your community and be thankful that what is almost certainly your most valuable asset has appreciated wildly without you ever having to lift a finger. you don't even pay state income tax. chill.
This post was edited on 8/24/23 at 9:32 am
Posted by Delacroix22
Member since Aug 2013
4429 posts
Posted on 8/24/23 at 10:26 am to
I don’t own a house

But this seems like a huge scam

You rent your house from the bank essentially until it is paid off

Even WHEN it is paid off the government just comes in and is like “you owe us $10000 for living here”
Posted by Monsieur le Duc
Château de Chantilly
Member since Aug 2014
692 posts
Posted on 8/24/23 at 10:32 am to
quote:

Even WHEN it is paid off the government just comes in and is like “you owe us $10000 for living here”


no, you're paying for the benefit of sanitation services & infrastructure, public schools, law enforcement, fire department, libraries, building department & code enforcement, and a host of other services provided by municipal & county/parish governments that underpin modern civilization.
Posted by LStU
Member since Jan 2012
497 posts
Posted on 8/24/23 at 12:01 pm to
I received mine in TX a few months ago and am going through the protest. The two comps they used are a joke.

The appraisers are valuing my home at 25% greater than when I bought it less than 2 years ago. The two other comps were purchased about 2 years ago as well. One is being appraised at 2.5% greater than the purchase price and the other as -2% less than the purchase price.

I think I did well on the purchase but this discrepancy is a joke. The appraisers respond to questions with "we are overwhelmed and understaffed, please have patience." "
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