Saturday, December 29, 2007

Property Taxes

I am in the midst of a bit of a property tax issue with the county our new house is located in. They have my house valued at 70,000 dollars over what I just paid for it, which I think is blatantly wrong.

They didn't send me my tax bill on time (which you need to have the house re-appraised), so I was late in getting my taxes paid (which I did, even though I don't agree with the amount). I don't want to be in the rears even though I am displeased.

Anyhow, the clerks at the county office have been very helpful, it is the appraisers who need an attitude adjustment. I requested another appraisal as I just had the house appraised myself when I bought it and know exactly how much it is worth. It doesn't make sense to me that I am paying taxes on a value that even the bank would not agree too.

So they did an appraisal sometime last week. The new appraiser agreed with the old one, so I am filing an appeal. I got notice that the appeal had to be done before the end of the year (this year). Fortunately the forms are online, I filled them out and printed them. I had to include a copy of my tax bill and the appraisal I had done (both of which I was thankfully able to find considering my filing mess right now) and I express mailed the entire thing. I found out after the fact that it could be postmarked before the 31st and still be okay but I am glad to know it is on its way and will be there before the end of the month with no reason for it not to be addressed this year.

I realized based on the way our county does taxes (not on the real market value but on this other number they have made up) that I might not see much change in my bill itself but it is the principle of the thing for me. I should not have anywhere on my tax paperwork that my house is worth more than I am paying for it (at least not in the same year I have purchased it in). The housing market is not still going up where the house is in a lull so there shouldn't be much change this year at all from last year (but the bill reflects a 40,000 dollar change in real market value). Would be nice to have that much equity but who is fooling who here?

I think our county is just looking for a way to get more money out of people that mostly don't have any extra to give in hopes that none of us will notice. I did notice that a large portion of my tax bill goes to the local community college and school district when both should be supported from our EDUCATION lottery....not sure how that works either but it is interesting to ponder*.

*Please do not misunderstand, I am all for paying for our schools, and I think that teachers should make much more than they do, but I question where our lottery funds are going if they aren't going to the school as intended when the lottery was voted in a million years ago. I am sure I don't know all the ins and outs but I do know that a lot of it was supposed to be earmarked for schools.

1 comment:

Haha said...

I think you will not be alone in having property be reassessed during this time. Glad you made it in time for an appeal.