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I'm baffled at the amount of properties I've recently seen that have higher taxes than are currently valued... And why on earth folks are continuing to pay them...I agree. No one SHOULD be paying a dollar more than they NEED to... But as an example, a property with a burned house 3 years ago, was still being taxed annually like it had a $250k structure on it. And the owners were paying the $1200/yr tax on the 3/4 acre property. WHY?! The value is $200-300/yr at most.So, paying a value to the tax assessor, is truly a "minding the store" type of activity.General rule, yeah, tax assessment is lower than value, but there are always exceptions to the rule. The property in question seems to be one. If he owns it outright, and is paying the tax assessor a tax that is more in value than he is willing to ask for it... "Sum ting Wong", and it may just be him not knowing.
I'm baffled at the amount of properties I've recently seen that have higher taxes than are currently valued... And why on earth folks are continuing to pay them...
I agree. No one SHOULD be paying a dollar more than they NEED to... But as an example, a property with a burned house 3 years ago, was still being taxed annually like it had a $250k structure on it. And the owners were paying the $1200/yr tax on the 3/4 acre property. WHY?! The value is $200-300/yr at most.
So, paying a value to the tax assessor, is truly a "minding the store" type of activity.
General rule, yeah, tax assessment is lower than value, but there are always exceptions to the rule. The property in question seems to be one. If he owns it outright, and is paying the tax assessor a tax that is more in value than he is willing to ask for it... "Sum ting Wong", and it may just be him not knowing.
