Quote:
Originally Posted by NinePack
Just recieved my assessment and it went up 39% isnt that kinda steep? The taxes now are going up the same? anyone else had that kinda increase?
I havent made any improvements on the property at all.
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I had this happen to me many years ago after we bought our first house. It was a new build and we built a cheap house in a more expensive neighborhood. The first few years, the assessment was basically what we paid plus some inflation. Then one year it was reassessed based on the average home price for the area, and it went up by 30-40%. Our home went from being assessed at 1/3 less than all the other homes on the block to being assessed at more than most of them.
If you set up an account to log into the city's system, it will give you the full property parameters (lot size, sqft, quality, etc.) which gives you some idea of what your value is based on.