2009 Property Assements are on the city website

[edn88]

3.6% reduction here.

[pepper24]

Originally Posted by lazy_programmer

Does anybody know what the mill rate ( I think that's what it's called) for this year is?

Not sure but property taxes are going up incrementally over the next 3 years.

[pepper24]

Thanks for the link. My assessment stayed the same (only dropped by $3K) but I think a lot has changed since July 1, 2008 as I don't think I could sell at that price today. No worries though as I don't plan on moving for 5-10 years.

[Resolute 14]

My place was assessed at $25k above what I paid for it two weeks ago. About an 11% drop from July to December. Unfortunately, I do not know the 2007 assessment, so have no clue what my relative change, and therefore tax burden, will be. I should probably look that up in the stack of papers I have for this place.

[browna]

Down about 5% over last year. Parents' place, also in an older community, dropped just over 6%.

Not sure how much things have dropped since July 08, the housing market was already in tough by that point here in town.

That said, it probably has dropped still from that stage, but I think that July number would've captured the inital drastic drop.

[Nancy]

Originally Posted by browna

Down about 5% over last year. Parents' place, also in an older community, dropped just over 6%.

Not sure how much things have dropped since July 08, the housing market was already in tough by that point here in town.

That said, it probably has dropped still from that stage, but I think that July number would've captured the inital drastic drop.

Average SFH price on July 1: $473,774 (Median: $408,000)
Average today: 416,283 (Median: $378,000)

So the market has come down about another 8%

[Yellefan]

That's funny, my house is assessed at exactly 100,000 more than I paid for it last July--

[shermanator]

The condo I just bought for $190k is assessed at $230k? Score!