| Author |
Message |
    
Dobler88
Citizen
Username: Dobler88
Post Number: 86
Registered: 7-2005
| | Posted on Friday, January 27, 2006 - 3:29 pm: | 
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So. I know there was a reval. I know it was controversial. I know I bought a house in Maplewood. I know taxes are high. I know they were 10,000 last year.
Yesterday we got something in the mail (a slip of paper) with a "new" valuation of our property. I don't know what the old one was, honestly (I bought the house after first of year and just paid the taxes every month), so I have no way of knowing if it went up, down, or sidewise.
Do they do a new valuation every year or is there some formula for year to year assessments? Can anyone just give me the lowdown? If the taxes are going to go up, it is what it is, I was just curious...
Thanks! |
Bob K
Supporter
Username: Bobk
Post Number: 10437
Registered: 5-2001
| | Posted on Friday, January 27, 2006 - 3:47 pm: |
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Unless you do improvements to the house such as a new kitchen, bathroom, addition, central air, etc. your assessment (valuation) doesn't change from year to year. The tax rate, however, does change.
Is there any chance that you are confusing your 2005 tax notice with a new valuation?
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Parkbench87
Citizen
Username: Parkbench87
Post Number: 3420
Registered: 7-2001
| | Posted on Friday, January 27, 2006 - 3:52 pm: |
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You get this notice every year. It is required by law. It shows your assement for the previous year (in this case 2005) and the total amount of property tax billed for the same year. As Bob K stated, your assessment will not change unless you have had improvements made. |
mem
Citizen
Username: Mem
Post Number: 5691
Registered: 5-2001
| | Posted on Friday, January 27, 2006 - 3:57 pm: |
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Yes, improvements. Oh yeah. Like the new three story addition, stables, swimming pool and tennis courts I put in last year. Now the dollars add up correctly and it makes sense. Thanks! |
cmontyburns
Citizen
Username: Cmontyburns
Post Number: 1708
Registered: 12-2003
| | Posted on Friday, January 27, 2006 - 4:11 pm: |
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...because clearly, putting in new countertops should certainly cause you to pay more in school taxes.
Somehow.
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Tom Reingold
Supporter
Username: Noglider
Post Number: 12128
Registered: 1-2003
| | Posted on Friday, January 27, 2006 - 10:03 pm: |
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No, it means that now that you've cleared out your savings and have gone into debt to build your tennis court, you are more equipped to pay taxes. Or at least you were before.
"This is the only thing my signature says."
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