Forty Rod SASS 3935 Posted February 25, 2021 Share Posted February 25, 2021 We moved here from a never to be mentioned state to the west on August 14, 2014. Bought this house and moved in October 14, 2014. Got a letter from the county assessor's office yesterday telling me that their estimate put the current value at $6,100.00 more than twice as much as we paid for the place...and that doesn't include nearly $30,000.00 in improvements that have gone into the place. It's rapidly approaching what we sold our house west of here for. Who'da thunk it? UH....seems I posted this in the wrong place. can someone move it to the Saloon for me? Thanks. Link to comment Share on other sites More sharing options...
El CupAJoe Posted February 25, 2021 Share Posted February 25, 2021 11 minutes ago, Forty Rod SASS 3935 said: $6,100.00 am I reading this wrong or did you miss some zero's? Link to comment Share on other sites More sharing options...
July Smith Posted February 25, 2021 Share Posted February 25, 2021 Texas is bad that way too. It's just criminal that they can tax you at the current market value. Link to comment Share on other sites More sharing options...
Allie Mo, SASS No. 25217 Posted February 25, 2021 Share Posted February 25, 2021 Hi Forty, Please clarify the zeroes thing. Did they tell you what your taxes will be? Regards, Allie Link to comment Share on other sites More sharing options...
Muleshoe Bill SASS #67022 Posted February 25, 2021 Share Posted February 25, 2021 $6,100.00 dollars? I'd love that Here in Austin that is about what the appraisal on the small bathroom is. But, to make you feel better: I protest the tax appraisal every year and do fairly well keeping it at the lowest possible increase of appraisal. What kills the issue is land values here. In my neighborhood land is now going for about 1.5 million and acre. We have a touch over a 1/3 acre on our lot. Hard to argue the appraisal on that since that is what land is selling for around us. All the older homes like ours built in 1946 - 1950 are either being torn down and replaced with 3 to 6 residences on the lot or being rehabed to the tune of about 400,000 cost to rehab and then sold. Oh, we paid $18,000 for this 1946 pier and beam 1100 square foot house in 1974. Last year the appraisal was $475,000 but I got it down to $400,000. Link to comment Share on other sites More sharing options...
Injun Ryder, SASS #36201L Posted February 25, 2021 Share Posted February 25, 2021 I thought you were going to try your hand at counterfeiting! Link to comment Share on other sites More sharing options...
Trailrider #896 Posted February 25, 2021 Share Posted February 25, 2021 3 minutes ago, Injun Ryder, SASS #36201L said: I thought you were going to try your hand at counterfeiting! I think I saw something on TV that a gub'mint or quasi-gub official said, "Printing money doesn't lead to inflation." Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted February 25, 2021 Author Share Posted February 25, 2021 13 hours ago, El CupAJoe said: am I reading this wrong or did you miss some zero's? Nope, twice what I paid for it plus $6100.00....in just over six years. The place next door sold for double its value just seven months ago and the new owner has since put several thousand into yard work and paving. Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted February 25, 2021 Author Share Posted February 25, 2021 1 hour ago, July Smith said: Texas is bad that way too. It's just criminal that they can tax you at the current market value. Because of my age and Arizona's laws, I'm "grandfathered" in and my taxes are only about $2.00 a month more than they were four years ago. Link to comment Share on other sites More sharing options...
Allie Mo, SASS No. 25217 Posted February 25, 2021 Share Posted February 25, 2021 46 minutes ago, Forty Rod SASS 3935 said: Nope, twice what I paid for it plus $6100.00....in just over six years. The place next door sold for double its value just seven months ago and he has since put several thousand into yard work and paving. I'm still confused. Is $6100.00 your tax? Link to comment Share on other sites More sharing options...
Capt. James H. Callahan Posted February 25, 2021 Share Posted February 25, 2021 17 minutes ago, Allie Mo, SASS No. 25217 said: I'm still confused. Is $6100.00 your tax? I think he means it's appraised at 2x the original price + 6100. JHC Link to comment Share on other sites More sharing options...
Alpo Posted February 25, 2021 Share Posted February 25, 2021 That is what I have deduced also. If he paid $200,000 6 years ago, this year his house is appraised at $400,000 plus $6,100, for a total of $406,100. That of course is just an example - I neither know nor care how much he paid for his house originally. Link to comment Share on other sites More sharing options...
Smoken D Posted February 25, 2021 Share Posted February 25, 2021 Everything is weird. Neighbors house sold in one day at $126 s.f. I have had my place for sale 4 months now at $87 s.f. and more that twice the size of his plus, I live on a bluff over the lake. Advertised in California, St. Louis and Kansas City. His place is not on the bluff. Link to comment Share on other sites More sharing options...
Hardpan Curmudgeon SASS #8967 Posted February 25, 2021 Share Posted February 25, 2021 One of the few good things about California is our "Proposition" process. Ordinary citizens can gather signatures and petition to have things put on the ballot that the wethers in the state legislature might not want to address. Because of this and to the great annoyance of today's political "leaders" in the state, we have Proposition 13, passed in 1978 in a taxpayer's revolt. Proposition 13 severely limits the amount residential properties can be re-assessed for taxation purposes - something like a maximum of 2% per year, until the property was sold. This was needed... I knew people who were older, retired, and forced to sell their long paid-for homes because they couldn't afford the radically increased property taxes. And when it passed, many places (like San Francisco) immediately set out to punish the population by closing playgrounds, cutting school programs (like Drivers Ed), and more. I lived in San Francisco at the time; the very next morning the playground next door was chained shut. Of course, it was challenged - but in '92 SCOTUS upheld it, 8-1. And to this day, a particular "Party-In-Charge" continues to try to find a way to dismantle it. Link to comment Share on other sites More sharing options...
Birdgun Quail, SASS #63663 Posted February 25, 2021 Share Posted February 25, 2021 Like 40, wife and I moved to Arizona in August, 2014. Our home value is up over 40%. . Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted February 25, 2021 Author Share Posted February 25, 2021 5 hours ago, Capt. James H. Callahan said: I think he means it's appraised at 2x the original price + 6100. JHC Thanks, Cap. That's what I meant. Link to comment Share on other sites More sharing options...
Henry Horns Posted February 26, 2021 Share Posted February 26, 2021 Houses here in our part of Apache Junction are going for almost double what we paid in 2017. Folks in the neighborhood think there's going to be another crash like there was a few years ago. Link to comment Share on other sites More sharing options...
Cliff Hanger #3720LR Posted February 26, 2021 Share Posted February 26, 2021 Tom, I see you're trying that new government math. Not working out so well for ya..<g> Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted February 26, 2021 Author Share Posted February 26, 2021 7 hours ago, Cliff Hanger #3720LR said: Tom, I see you're trying that new government math. Not working out so well for ya..<g> Yeah, 'tis. I could sell my house and get the increase, but then I'd have to buy a new over-inflated house and pay to move into it and remodel it. Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted February 26, 2021 Author Share Posted February 26, 2021 10 hours ago, Henry Horns said: Houses here in our part of Apache Junction are going for almost double what we paid in 2017. Folks in the neighborhood think there's going to be another crash like there was a few years ago. Let 'er crash. I'm not going to sell mine anyway, so it won't hurt me much. Link to comment Share on other sites More sharing options...
watab kid Posted February 26, 2021 Share Posted February 26, 2021 so read this twice , i now accept that the value doubled and had the added bit as well , while not unheard of , thats a big jump in a short time , paper money ........ i heard yesterday inflation has finally started to rear its ugly head and interest rates are going up - that is another win as they obviously beat the mortgage rate increases assuming they have a mortgage , Link to comment Share on other sites More sharing options...
Big Hext Finnigan, SASS #37671 Posted February 26, 2021 Share Posted February 26, 2021 On 2/25/2021 at 10:17 AM, Muleshoe Bill SASS #67022 said: $6,100.00 dollars? I'd love that Here in Austin that is about what the appraisal on the small bathroom is. But, to make you feel better: I protest the tax appraisal every year and do fairly well keeping it at the lowest possible increase of appraisal. What kills the issue is land values here. In my neighborhood land is now going for about 1.5 million and acre. We have a touch over a 1/3 acre on our lot. Hard to argue the appraisal on that since that is what land is selling for around us. All the older homes like ours built in 1946 - 1950 are either being torn down and replaced with 3 to 6 residences on the lot or being rehabed to the tune of about 400,000 cost to rehab and then sold. Oh, we paid $18,000 for this 1946 pier and beam 1100 square foot house in 1974. Last year the appraisal was $475,000 but I got it down to $400,000. I truly believe that the homesteads should be taxed at purchase price, unless the home is improved or sold. It is a shame to watch people taxed out of their central Texas homes by rising values. Link to comment Share on other sites More sharing options...
Hardpan Curmudgeon SASS #8967 Posted February 26, 2021 Share Posted February 26, 2021 Totally out of character for me ("Buy high ~ sell low!" ), I bought my li'l cottage at the nadir of the market. Supposedly, it's "value" has increased to about 2 1/2 times what I paid for it just under ten years ago. I'm sure this'll be changing in the not too distant future. Let it. Like Forty, I ain't goin' anywhere. Link to comment Share on other sites More sharing options...
Muleshoe Bill SASS #67022 Posted February 26, 2021 Share Posted February 26, 2021 54 minutes ago, Big Hext Finnigan, SASS #37671 said: I truly believe that the homesteads should be taxed at purchase price, unless the home is improved or sold. It is a shame to watch people taxed out of their central Texas homes by rising values. Our taxes when we bought this place were something like 90 dollars for the year. Now without the over 65 age freeze, homestead exemption and the local additional exemptions the taxes would be $9000 a year. We are paying about 5 grand but that will go up with the results of the recent vote to fund a light railway, and mass transit that may or may not be built..... Link to comment Share on other sites More sharing options...
Red Gauntlet , SASS 60619 Posted February 27, 2021 Share Posted February 27, 2021 My house is worth up to ten times what we paid for it 40 years ago. Life on the West coast. Doesn't matter to us, because we won't be selling it. Good for the heirs, though. Taxes are pretty substantial. Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted February 27, 2021 Author Share Posted February 27, 2021 5 hours ago, watab kid said: so read this twice , i now accept that the value doubled and had the added bit as well , while not unheard of , thats a big jump in a short time , paper money ........ i heard yesterday inflation has finally started to rear its ugly head and interest rates are going up - that is another win as they obviously beat the mortgage rate increases assuming they have a mortgage , Some of it is paper money, but a lot is being driven by all the folks from west of here who are bailing out, selling their inflated homes, and coming here to buy. It is driving our prices right through the roof. Link to comment Share on other sites More sharing options...
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