Property taxes

[BrokenBackJack]

One of our neighbors moved here from Californification and he said he built his house in 1978 and he paid the same tax until it was sold and he moved here.
Now to me that is how it should be and I don't care if it is land or a house.

 

[jdfisherman]

It is their attempt to level the playing field. uh hem

Your thoughts hold for a long time owner.

Put the shoe on the foot of a new owner. Paying "x" times the amount in taxes that of his neighbor who has owned for eternity. For the same "services".

Not saying I agree with the rules.

Hasn't real estate values (as evidenced by actual sales dollars of properties) in general increased beyond inflation? Just poking holes.

Theoretically if there is an increase in total assessment there is supposed to be a corresponding decrease in the mill rate. The overall taxation to be the same.
Yeah right.

Carry on.

or is it?

Fish on!

To your real estate values question: my parents bought a house in 1985 for $50k. Inflation says that house should be worth $153k today. Current valuation is $198k; 29% more than what inflation says it should be worth. (Parents are long gone but I still drive by the house and know there's been no improvements since they owned it.)

 

[Zogman]

One of our neighbors moved here from Californification and he said he built his house in 1978 and he paid the same tax until it was sold and he moved here.
Now to me that is how it should be and I don't care if it is land or a house.

That was tried here in ND legislature but the mayors and council of the large cities scream like a gut shot hog.

 

[Maddog]

To your real estate values question: my parents bought a house in 1985 for $50k. Inflation says that house should be worth $153k today. Current valuation is $198k; 29% more than what inflation says it should be worth. (Parents are long gone but I still drive by the house and know there's been no improvements since they owned it.)

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It is always interesting to drive by/visit (mentally) locations from years gone by. Memories of people and things that happened. Wondering what happened to the characters. I always wonder who lived in old homesteads that I see in the distance that are all dilapidated. What was their story?
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Regarding valuations.

Does one "trust" the yearly inflation values?
Inflation of what?
Sugar?
Coffee?

To me it is a warm fuzzy feeling relative to some arbitrary number.
I take that back, it isn't so warm.


We are on SS. The yearly COLA is always less than the yearly inflation. Why is that?
LOL We all know darn well why.

Carry on. Time to find a beer.
Or two.