New Property Tax Assesment Up 86%

[hofdoug]

My new property tax assessment went up 86%, the assessor says the value of the property in my county is going up but according to the internet it is going down.The assessor said that they are not aloud to use short sales or for-closers to determine the value of property values. To me this is not legal. I am on a fix income and can not afford this kind of tax hike. What do I do move after 23 years?

[Mr. Knowitall]

Follow the appeal procedure for your undisclosed jurisdiction.

[hofdoug]

I intend to file an appeal, so far I have not found one person here that that worked for. My son just did it last year.

[Bubba Jimmy]

Have a lawyer prepare it for you.

[SChinFChin]

My new property tax assessment went up 86%, the assessor says the value of the property in my county is going up but according to the internet it is going down.The assessor said that they are not aloud to use short sales or for-closers to determine the value of property values. To me this is not legal. I am on a fix income and can not afford this kind of tax hike. What do I do move after 23 years?

Usually, property taxes depend on the "assessed value", which is not the same as the market value". So market values could be going down, but it is possible under certain circumstances assessed values are going up.

As to "it is illegal to use "short sale", foreclosure values, I've been a real estate investor, bought properties at auctions, and I've been told I am paying taxes on a property based on a value of $350,000, not the $200,000 I actually paid for it. I've been told it's totally legal to exclude auction sales regardless how loud I'll be yelling it's illegal.

Also, in the NY area where I am, state law limits the percentage increase on real estate taxes each year, so if market prices explodes, I'm still limited to a certain percent increase. Conversely, this also means that after prices peaked, values start going down, my real estate taxes would continue to go up to "catch up" for the period that the tax increase was capped. This is all in accordance with state law

Each state and locality has it's own rules on property taxes, so without your jurisdiction, it's hard to say.

[hofdoug]

I live in Idaho We have a assessed value appeal but on the form it doesn't say any thing about undisclosed jurisdiction. Is that something that I have to appeal for separately? I am not sure what undisclosed jurisdiction is.

[flyingron]

The "undisclosed jurisdiction" was a jab at you for deleting and not answering the question about what state your question is in reference to.
Follow the procedure given. If you don't know how get a lawyer.

[hofdoug]

The law is not my forte that's why I am here.

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The law is not my forte that's why I am here.

[SChinFChin]

The law is not my forte that's why I am here.

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The law is not my forte that's why I am here.

You might want to click this link for "property tax" information. Each county has it's own websites, but looks like it's pretty uniform statewide, as I looked at sites of other ID counties. Here's the link for Canyon County:

http://www.canyonco.org/faqs.aspx?tax_id=1548


This should answer a few questions on how property are assessed. You might check to see if you qualify for any exemptions.

[Jimhassel]

Since you feel your house is assessed too high, it's better to contact the tax collector or assessors office and request a tax abatement. you will need a current appraisal or bpo showing the value of your house being lower than those similar homes in your neighborhood. Hope it would work for you.