Comments on: If you want lower property tax rates, you’ve got to ask http://blogs.reuters.com/reuters-wealth/2011/10/03/if-you-want-lower-property-tax-rates-youve-got-to-ask/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: johnwasik http://blogs.reuters.com/reuters-wealth/2011/10/03/if-you-want-lower-property-tax-rates-youve-got-to-ask/comment-page-1/#comment-8301 Tue, 04 Oct 2011 16:56:10 +0000 http://blogs.reuters.com/reuters-money/?p=20443#comment-8301 Unfortunately, dropping your assessed value is no guarantee of a lower tax bill if your taxing bodies raise their rates. The only way to address that is to keep putting pressure on them to reduce their costs, no mean feat as they grapple with pension liabilities and lower tax revenues.

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By: Humanismws http://blogs.reuters.com/reuters-wealth/2011/10/03/if-you-want-lower-property-tax-rates-youve-got-to-ask/comment-page-1/#comment-8300 Tue, 04 Oct 2011 16:09:51 +0000 http://blogs.reuters.com/reuters-money/?p=20443#comment-8300 Why not ask for the right thing? Pay 10% more for a property to have it granted tax-free status, and clear govt debt with that. How so? Do the math on the interest on that premium, and you will see that is very close to property taxes. And we would all save the collection costs.

Mind you, you couldn’t allow the pols to spend it..

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By: limapie http://blogs.reuters.com/reuters-wealth/2011/10/03/if-you-want-lower-property-tax-rates-youve-got-to-ask/comment-page-1/#comment-8299 Tue, 04 Oct 2011 15:11:13 +0000 http://blogs.reuters.com/reuters-money/?p=20443#comment-8299 The last area-wide reassessment that we had in our
Wisconsin community, I hired an appraiser who had double-
inflated his appraisal fee to do an appraisal on the very same day that the reassessor came. The two appraisals were $10,000 apart, the higher being the reassessor. The reassessor explained that a home owner overpays the first of the ten years, then they pay fairly, and then they underpay (if values are appreciating.) It all come out in the wash. I also discovered that there is a state-wide formula that all properties go by and you can’t fight with the formula.
Currently, the formula is such that homes should be over-assessed in the earlier of the ten year span, and is based on appreciating values.
If a home owner wishes to reduce their taxes, then they need to go after that formula. They need to contact their state representative, raise the roof, and have a formal review done.
This other way is nonsense. The likelyhood of any individual getting their taxes lowered individually is time wasted, a lot of money lost. What the reassessors say is in stone, until the whole state formula is made to change.
I’d take this article and put it in the garbage can.

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By: PapaDisco http://blogs.reuters.com/reuters-wealth/2011/10/03/if-you-want-lower-property-tax-rates-youve-got-to-ask/comment-page-1/#comment-8298 Tue, 04 Oct 2011 13:46:27 +0000 http://blogs.reuters.com/reuters-money/?p=20443#comment-8298 I think your title to this story is wrong. This story isn’t about reducing someone’s “rate,” which is a legislative matter, it’s about reducing someone’s assessment.

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By: LPavilionis http://blogs.reuters.com/reuters-wealth/2011/10/03/if-you-want-lower-property-tax-rates-youve-got-to-ask/comment-page-1/#comment-8297 Tue, 04 Oct 2011 13:36:49 +0000 http://blogs.reuters.com/reuters-money/?p=20443#comment-8297 Even though the assessed valuation of the property has gone down, the tax bill hasn’t gone down because the county increased the other taxes included in the total collected.

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