Taxes

[LIforrelaxin]

Originally Posted by Pineedles

No offense LIforrelaxin, but I think I hear political obfuscation with your observation.

I think you said it yourself, you were making changes, and the vision guy put down that these changes were already done, hence no big new assessment. "I can note all that in my apprisal and take it into account now, or we can do it the next time we come out. Because we knew we where doing the work we said fiqure it in now.. " What are you trying to say with this post, that if we gradually improve the property and tell the appraisers what we are doing, we won't see major spikes in our taxes? Ahhh Duhhh, that goes without saying.

Also the fact that you have had sales in your area every year means there are no big surprises. "Considering We have had property sell on our road every single year for the last 4 or 5 years I can't see that our property valuation is in for any type of swing. "

Once again ahhh duhhh. I think that is what tummyman said. I'm glad you are content in paying higher taxes, gradual as they may be. I am not!

Although Moultonborough's assessment of my property went down, I am not impressed by this valuation technique. Thanks Tummyman for the clarification. Unfortunately we have 2 macmansions for sale on our point and neither has sold in the past 2 years. Oh Gawd, what will the taxes be when they are finally sold?

PineNeedles,

You are indeed correct with your comments about telling the appraiser what we are up to it is indeed a no brainer.... my point is, that all to often people are making improvements that are not calculated into their assments and then when the get reevaluated are shocked at the increase because they haven't thought about all the things they have done that have increased the value of the property.

Now to address the sale issue in my area. I want people to know that as the sale have happend, the prices have done nothing but gone up. In fact the same piece of property has sold twice in this time frame, each time for increasingly more. Yet durring this time span the value of my property has continued to fall. The Assed value of my land is down over the course of 5 years, while properties continue to sell for more and more....so to assert that the value of my property is directly linked to the sales of properties in the imediate area (like my neighbor two door down who is on it 3rd owner in 5 years....) just doesn't hold water........