I live in NYS (central NY) My taxes for a 2,000 sq ft home in rural NY near farmland is almost $10k a year. My home was purchased at $250k 12 years ago. Have a brother who lives in VA, has water front, bigger home, and pays about $3K. WTH? I can lower my taxes really fast...its called moving to a none democratic welfare state. This idea of big government is killing us all economically. Can't wait to move out of NY maybe even out of the US. You can move to other countries now, pay less in healthcare and almost zero taxes and cost of living much much lower. However to not pay taxes in the US you have to not be a citizen of the US...not sure how worth that it is overall, but I am looking into it. When the US stops spending money on other countries, corporations and wars, maybe it will focus on its citizens for a hot second.
My appeal went all the way up to the day before the formal board hearing. The assessors office caved and compromised based on my data and the data I was going to the board with. No hearing needed.
I had homestead after I inherited my dads house, the same year he passed away, still went up almost 3000$!!!! This was back in 2018!!!! So i had to sell after 2 years. Sold quick and i got what i wanted. Now my property tax is only around 600 ish every year. Yes i have homestead.
Many States have had a surplus budget for multiple years. Did anyone who pays Real Estate Property taxes get a large reduction in their property taxes? We think not. Shame Shame on Every State municipality that is grossly fleecing the Elderly, Veterans, Retirees and Homeowners with egregious Real Estate Property tax bills! Where are the State representatives to put a stop to this madness??!! People ARE losing their homes. WHY SHOULD homeowners have to pay ridiculously high property taxes to compensate for commercial buildings not paying their property taxes!!! The municipalities MADE the BAD investments and allowances to those businesses NOT the Homeowners!!! How can these crooked tax assessors be allowed to overvalue someone's property by hundreds of thousands of dollars, when they are not investors and those homes are their only homes. NOT ALL States have HOMESTEAD, not sure WHY??? But Why should an elderly person, over 60 years old, only on Social Security/Pension, who only has one residence, be charged $28,000k per year for their home! Anyone 60 years of age or older should not have to pay property taxes at all for their homes as that is their only residence. Property Taxes, HOA Fees, Condo Fees, Overpriced homes, are making hard working taxpayers lose their only property (Home, Condo). How can it be legal to suddenly raise Condo fees by 40%. How can it be legal to raise HOA Fees by 50%. Many areas are becoming like Detroit and Mississippi - desolate and empty as the working class is continuously fleeced. The vile tax assessors are getting multi-year promotions using Taxpayer dollars because these tax assessors ARE Overvaluing people's properties to bring in money to the municipalities. They don't care that people end up homeless (many veterans and elderly) or their home comes into foreclosure because they had to borrow against equity and credit cards to try and pay their property taxes or HOA or Condo fees. Any representative in office who has an issue with keeping the elderly from losing their home should be shamed. Where are the State representatives to put a stop to this madness?!
How do you look up what the cap is on how high they can hike your value? I've been searching for months for the law in Iowa and can't find a certain number. Ours went up 18%!
I wish Utah had a cap on how much valuation can increase each year. Hit me especially hard on commercial property I pay property tax for. Last year to this year went from $6.5k to $8.2k Also, Covid had an insane effect on the Utah Housing Market. 2020 Assessed Value: $386k (5 year old home) 2022 Assessed Value: $573k (The same now 7 year old home)
Hey Travis it's not to help the city make more money. It's to help Hillsborough County make more money. The property appraiser is is a county elected official.
The last line item is Tampa City but that’s not entirely important to the video. I’m also not certain it matters who is the appraiser. They all sure do like to point the finger though.
Great video! so whats the difference between the Lender appraiser vs county appraiser? I am looking to acquire a home with a 8k property tax in North Tampa, and I think it should be lower comparing to other homes in the neighborhood. Can't I just use my lender appraiser to go convince the county appraiser?
Does "back that out" mean subtract from todays total and use the difference. What does "back that out mean" how does one "back that out" sorry i need this kinda info im looking to buy land, hse it, then challenge appraisal as florida is having an appraisal crisis
You will likely still not have much luck getting your property value assessed lower with today's inflated market. Recent sales, CMA's and private appraisals will be higher than the city's value.
they're not the same valuation methodologies. Refinancing likely won't help at all. The assessed values are usually much different than the appraised values.
I live in NYS (central NY) My taxes for a 2,000 sq ft home in rural NY near farmland is almost $10k a year. My home was purchased at $250k 12 years ago. Have a brother who lives in VA, has water front, bigger home, and pays about $3K. WTH? I can lower my taxes really fast...its called moving to a none democratic welfare state. This idea of big government is killing us all economically. Can't wait to move out of NY maybe even out of the US. You can move to other countries now, pay less in healthcare and almost zero taxes and cost of living much much lower. However to not pay taxes in the US you have to not be a citizen of the US...not sure how worth that it is overall, but I am looking into it. When the US stops spending money on other countries, corporations and wars, maybe it will focus on its citizens for a hot second.
I moved to SE Asia. Now my taxes are zero.
Are you still a US Citizen? Don't you still have to file taxes in the U.S. (if you are)?
which country?
My appeal went all the way up to the day before the formal board hearing. The assessors office caved and compromised based on my data and the data I was going to the board with. No hearing needed.
nice work! thanks for sharing.
Homesteads should be Automatic. the fact they get people to drive to the office is a GIANT WASTE OF TIME.
I learn the hard way…. After they changed me through my escrow account
I had homestead after I inherited my dads house, the same year he passed away, still went up almost 3000$!!!! This was back in 2018!!!! So i had to sell after 2 years. Sold quick and i got what i wanted. Now my property tax is only around 600 ish every year. Yes i have homestead.
Many States have had a surplus budget for multiple years. Did anyone who pays Real Estate Property taxes get a large reduction in their property taxes? We think not. Shame Shame on Every State municipality that is grossly fleecing the Elderly, Veterans, Retirees and Homeowners with egregious Real Estate Property tax bills! Where are the State representatives to put a stop to this madness??!! People ARE losing their homes. WHY SHOULD homeowners have to pay ridiculously high property taxes to compensate for commercial buildings not paying their property taxes!!! The municipalities MADE the BAD investments and allowances to those businesses NOT the Homeowners!!! How can these crooked tax assessors be allowed to overvalue someone's property by hundreds of thousands of dollars, when they are not investors and those homes are their only homes. NOT ALL States have HOMESTEAD, not sure WHY??? But Why should an elderly person, over 60 years old, only on Social Security/Pension, who only has one residence, be charged $28,000k per year for their home! Anyone 60 years of age or older should not have to pay property taxes at all for their homes as that is their only residence. Property Taxes, HOA Fees, Condo Fees, Overpriced homes, are making hard working taxpayers lose their only property (Home, Condo). How can it be legal to suddenly raise Condo fees by 40%. How can it be legal to raise HOA Fees by 50%. Many areas are becoming like Detroit and Mississippi - desolate and empty as the working class is continuously fleeced. The vile tax assessors are getting multi-year promotions using Taxpayer dollars because these tax assessors ARE Overvaluing people's properties to bring in money to the municipalities. They don't care that people end up homeless (many veterans and elderly) or their home comes into foreclosure because they had to borrow against equity and credit cards to try and pay their property taxes or HOA or Condo fees. Any representative in office who has an issue with keeping the elderly from losing their home should be shamed. Where are the State representatives to put a stop to this madness?!
How do you look up what the cap is on how high they can hike your value? I've been searching for months for the law in Iowa and can't find a certain number. Ours went up 18%!
I wish Utah had a cap on how much valuation can increase each year. Hit me especially hard on commercial property I pay property tax for. Last year to this year went from $6.5k to $8.2k
Also, Covid had an insane effect on the Utah Housing Market.
2020 Assessed Value: $386k (5 year old home)
2022 Assessed Value: $573k (The same now 7 year old home)
Hey Travis it's not to help the city make more money. It's to help Hillsborough County make more money. The property appraiser is is a county elected official.
The last line item is Tampa City but that’s not entirely important to the video. I’m also not certain it matters who is the appraiser. They all sure do like to point the finger though.
Great video! so whats the difference between the Lender appraiser vs county appraiser? I am looking to acquire a home with a 8k property tax in North Tampa, and I think it should be lower comparing to other homes in the neighborhood. Can't I just use my lender appraiser to go convince the county appraiser?
Is your lender’s appraisal lower than the county?
@@TravisSickle No. its not lower than the county
@@wrt322 then it won’t help.
I live in california my property taxs are 9k
Yeah, I did this on one of my rentals. Hope you can get them lowered!
Refi when houses drop a lot in value that’s best bet
Does "back that out" mean subtract from todays total and use the difference. What does "back that out mean" how does one "back that out" sorry i need this kinda info im looking to buy land, hse it, then challenge appraisal as florida is having an appraisal crisis
yes
I had a question 2 months ago I started a new job and I was working 2 jobs now I only work 1 job should I change my w4
This video is about property taxes.
@@TravisSickle 😆
You will likely still not have much luck getting your property value assessed lower with today's inflated market. Recent sales, CMA's and private appraisals will be higher than the city's value.
thanks for sharing.
Does property tax ever go down… lol. But seriously
Just refi at a lower market value that’s the hack
they're not the same valuation methodologies. Refinancing likely won't help at all. The assessed values are usually much different than the appraised values.
@@TravisSickle just don’t say all the good things wrong with the house name all the bad things