- NEW!
by Kommandor Kody on March 30th, 2009
Not in Washington state. Property taxes are now indexed to inflation percentage. If deflation occurs, property tax must stay current or still increase. It's all part of socialism in action!
by Dor3girl on January 7th, 2009
Depending on what state you live in, you can file a form to get your taxes re-assessed. Some counties have forms available on their websites. For each year, you usually have until September to file for re-assessment. Your home's value would be based upon comparable sales in your neighborhood around January of the current year. You will have to wait until October or November to see the reduction in rate. If approved, your lower tax bill will show up in December.
by Little Miss Dangerous on December 15th, 2008
Yes, you can take independent appraisals to your local board to appeal the current assessed value. It's important that you have multiple sources to back up your request if you want it taken seriously though.
Beware...if you have a mortgage or home equity loan, a lower appraised and assessed value can be grounds for 'calling in' a portion of the loan.
by Scott D - ex-QnA on December 14th, 2008
Since property taxes are LOCAL in nature, the total revenues are unlikely to be greatly reduced, due in large part to school waste.
Likewise, please don't expect miracles when asking to have your property reassessed. The value may indeed be reduced, but the amount of money being squandered by government is not about to decrease as sharply.
Sadly, you next tax bill will reflect the new (higher) mil rate, to make up for the lost value. ;-)
BUT BY ALL MEANS POSSIBLE, YOU MUST REDUCE THE ASSESSED VALUE OF YOUR HOME! Otherwise you will REALLY get nailed next year.
by Mephistopheles on December 14th, 2008
Boy, you are selfish, ain't ya? If you do that, where's the money gonna come from for fighting wars for oil and bailing out corporations?
In which state is most lowest property tax?
by bonezip on June 8th, 2010
| 1 person likes this
My wife and I brought a house in Queensland in 2001.We have only ever rented it out and now want to sell it.How much capital gains do we pay
by dean3030 on July 16th, 2011
| 1 person likes this
Houston, Texas Property Taxing Authority made error on my tax bill. Taxed land not house. 5yr back taxes on house w/penalites is legal?
by fifthwd on December 16th, 2010
| 1 person likes this
Need a list of the percent of tax charged to building owners in astoria new york? specifically on this address 3132 29th street astoria nyc
by angel9heart10 on June 20th, 2010
| 1 person likes this
Can the IRS charge me interest on a balance I was unaware of?
by The Shat aka the velour fog on October 11th, 2010
| 1 person likes this
You're reading If property values decrease, is there any way to have the assessed value of your home changed to cut down your real estate tax bill?
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