INSANITY Property taxes appraised value

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savurselvs

Veteran Member
In Texas we had our homestead exemption increased to 100,000.00.

We knew they wouldn’t couldn’t live without the money.

Well here we go!

A buddies land tax
Ag use pasture/prairie cattle .

2023 43 acres 28000 ish.

2024 281000.00 ish

Limited to 10% a year increases.

Basically went from 1080 to 9000 ish an acre.
Not any significant water no underground infrastructure for irrigation.
Just plain grassland.
 
gjwandkids

gjwandkids

Contributing Member
So the taxes increased over the course of one year by two hundred thousand dollars? And the taxing authority is doing this to everyone? If that's the case, the number of lawsuits filed is going to be enormous, and the next election cycle is going to be interesting.
 
D

dvo

Veteran Member
We left Ohio. Property values were increasing extremely rapidly, and after a bit of lag, taxes too. Roughly 30% in the past year. Our situation is better now in TN. But who knows what lies ahead. Government has an insatiable appetite for this kind of thing. Only one solution, which cannot be said. You will own nothing, and be happy.
 
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WalknTrot

Veteran Member
40 acres of rangeland in the middle of nowhere TX with no water and no structure can hardly be worth much more than $28,000 on the real estate market, let alone paying that for property tax.

$280,000 tax on 40 acres of dry rangeland in TX? Can't be right unless he's sitting on a huge oil find or something...

Are you sure you don't have some extra zero's thrown in there in a few places?
 
M

Marthanoir

TB Fanatic
Property tax here is only on the value of the house.
So bracket 1 up to €200k it's €90 for the year. etc
Property Value is self assessed so you tell the revenue what your value is.

Valuation band numberValuation band €LPT Charge basic rate €
10 – 200,00090
2200,001 – 262,500225
3262,501 – 350,000315
4350,001 – 437,500405
5437,501 – 525,000495
6525,001 – 612,500585
7612,501 – 700,000675
8700,001 – 787,500765
9787,501 – 875,000855
10875,001 – 962,500945
11962,501 – 1,050,0001,035
121,050,001 – 1,137,5001,189
131,137,501 – 1,225,0001,408
141,225,001 – 1,312,5001,627
151,312,501 – 1,400,0001,846
161,400,001 – 1,487,5002,064
171,487,501 – 1,575,0002,283
181,575,001 – 1,662,5002,502
191,662,501 – 1,750,0002,721
 
Kris Gandillon

Kris Gandillon

The Other Curmudgeon
_______________
savurselvs said:
In Texas we had our homestead exemption increased to 100,000.00.

We knew they wouldn’t couldn’t live without the money.

Well here we go!

A buddies land tax
Ag use pasture/prairie cattle .

2023 43 acres 28000 ish.

2024 281000.00 ish

Limited to 10% a year increases.

Basically went from 1080 to 9000 ish an acre.
Not any significant water no underground infrastructure for irrigation.
Just plain grassland.
Click to expand...
Any more info about WHERE in Texas, what county?

My family has 30 acres near Gainesville, TX in Cooke County. Pasture. They run longhorn cattle on their place. They saw no such increase between 2023 and 2024.

Suggest your buddy appeal. Someone likely fat-fingered something that can be easily corrected.
 
The Cub

The Cub

Behold, I am coming soon.
This is why people ought to avoid relocating to Texas......They think that because we have no personal State income tax, that the State runs on fairy dust.

Not only are ad valorem taxes outrageously high here........but they continue when you retire vs. decreased income in retirement being subject to state income taxes in another State that has low property taxes.
 
P

Publius

TB Fanatic
Petition for referendum to undo-roll back the taxes and with that government is told by the people to reduce the size of the local and or state government.. They will try by telling the people they will reduce the police and fire departments and government should not be in the fire department or ambulance-health care business and to hand it over the communities in which they are in as the people paid for all of it and let the locals support it by fund drives.
 
Meemur

Meemur

Voice on the Prairie / FJB!
My childhood home, a modest house in Ann Arbor, MI was running 4K back in the early 80s. I had to put it on the market almost the minute that I inherited it. Even if I had had a good job at that point, I wouldn't have spent that much of my income on taxes, neither the house nor the city was worth it!

I heard that it is almost 7K today. Geez.

In contrast, my little condo isn't cheap, a little over 2K now (I'm going to appeal that), but that is a little more affordable. I'd like to get my property taxes back to around $800 / year, but the places I'd have to live to do that don't see to have good hospitals nearby, so it's a trade-off.
 
L

LibertyInNH

Senior Member
savurselvs said:
In Texas we had our homestead exemption increased to 100,000.00.

We knew they wouldn’t couldn’t live without the money.

Well here we go!

A buddies land tax
Ag use pasture/prairie cattle .

2023 43 acres 28000 ish.

2024 281000.00 ish

Limited to 10% a year increases.

Basically went from 1080 to 9000 ish an acre.
Not any significant water no underground infrastructure for irrigation.
Just plain grassland.
Click to expand...
I truly feel sorry for all of you who live in communist enclaves where your property taxes can flash hot in the blink of a real estate boom eye.

Here in NH, if your assessment goes up, your tax rate goes down to whatever mil rate necessary to find the STATE approved local budget.

I've written about this in other posts.

In short:
Your tax bill for 2023 is $4,000.
Your property value is $200,000.
Your mil rate is $20/$1000.

2024, revenues needing to be generated go up 5%, so your tax bill (combination of local county and State) goes up 5%.
Your tax bill would be $4200.

If your community happened to reasses, and your house value goes up to $800,000, your tax bill would not quadruple. The state would recalculate the mill rate to be $5.25/$1000.

Property tax rates are set based on the revenue needing to be raised, divided by the assessed value of the home within the community.
 
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LibertyInNH

Senior Member
Displaced hillbilly said:
We have one acre in NH, a very modest 3bd 1ba house. We are up to 7k/yr in property taxes. I’m beyond disgusted.
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You must be one of those more hoity-toity above-full-service communities.

We have 6 acres, 2story plus basement, 5 bed, 1.5 bath, farmers deck and mudroom, barn and outbuildings and pay ~5000.

You need to stay on top of your local budget, and pay attention to your valuation and equalization ratio (and file for abatements as needed) if not already doing so.
 
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LibertyInNH

Senior Member
Samuel Adams said:
Define “needing”.
Click to expand...
Definitely a more nebulous concept, but the "needs" are broken into 4 parts.

1- local municipal budget (second highest percentage of your bill)

2- county budget (usually third)

3- state school (smallest percentage)

4- local school (by far the biggest - usually 80-85% of the total tax)

All of the budgets must have a very detailed itemized proposal. For those in towns it's a lot more empowering because we can amend the local budget however we want. If we want a road paved we approve a warrant article, if we don't want to raise the revenue, we don't vote to pave the road)

So the needs are driven by the populace, your neighbors, as opposed to a faceless administration that is allowed to take surplus and fatten the budget.

In New Hampshire, budgets are set and then money is raised, not the other way around.
 
Samuel Adams

Samuel Adams

Has No Life - Lives on TB
Property tax is the antithesis to the very point of, and the very highly touted libertarian results of, the American Revolution.

That blank check has fostered a “government” that spends lavishly upon its own often absolutely moral-less whims to the detriment of the very arguable basics to which such a dastardly tax OUGHT be applied.

Don’t be a dance slave to their tune….

Strike at the roots.
 
D

Displaced hillbilly

Veteran Member
LibertyInNH said:
You must be one of those more hoity-toity above-full-service communities.

We have 6 acres, 2story plus basement, 5 bed, 1.5 bath, farmers deck and mudroom, barn and outbuildings and pay ~5000.

You need to stay on top of your local budget, and pay attention to your valuation and equalization ratio (and file for abatements as needed) if not already doing so.
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lol I don’t know about hoity toity, I think it’s going that way. We tried to vote down all the pay raises etc in the election this year but almost everything passed. It’s gotten being ridiculous. A bunch of lefty loonies have taken over. I’m ready to move, hubby is not convinced yet.
 
W

workhorse

Veteran Member
Displaced hillbilly said:
We have one acre in NH, a very modest 3bd 1ba house. We are up to 7k/yr in property taxes. I’m beyond disgusted.
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One of the reasons we left. Landlord was paying $7500 a year in taxes. Plus what the average rent was 1k coming up with a grand total $1700 a month. Moved to GA 3 bedroom house with full basement 925 a month. NH was a two bedroom basement apartment.
 
M

MountainBiker

Veteran Member
LibertyInNH said:
I truly feel sorry for all of you who live in communist enclaves where your property taxes can flash hot in the blink of a real estate boom eye.

Here in NH, if your assessment goes up, your tax rate goes down to whatever mil rate necessary to find the STATE approved local budget.

I've written about this in other posts.

In short:
Your tax bill for 2023 is $4,000.
Your property value is $200,000.
Your mil rate is $20/$1000.

2024, revenues needing to be generated go up 5%, so your tax bill (combination of local county and State) goes up 5%.
Your tax bill would be $4200.

If your community happened to reasses, and your house value goes up to $800,000, your tax bill would not quadruple. The state would recalculate the mill rate to be $5.25/$1000.

Property tax rates are set based on the revenue needing to be raised, divided by the assessed value of the home within the community.
Click to expand...
Yes. People generally don't seem to understand that an increase in a property's valuation doesn't automatically mean an increase in taxes. It is the voters approving increases in spending or voting in others who approve increases in spending that increases the actual taxes being collected. The exception to the rule is if your property valuation goes up at a higher rate than everyone else's.
 
Blacknarwhal

Blacknarwhal

Let's Go Brandon!
Meemur said:
My childhood home, a modest house in Ann Arbor, MI was running 4K back in the early 80s. I had to put it on the market almost the minute that I inherited it. Even if I had had a good job at that point, I wouldn't have spent that much of my income on taxes, neither the house nor the city was worth it!

I heard that it is almost 7K today. Geez.

In contrast, my little condo isn't cheap, a little over 2K now (I'm going to appeal that), but that is a little more affordable. I'd like to get my property taxes back to around $800 / year, but the places I'd have to live to do that don't see to have good hospitals nearby, so it's a trade-off.
Click to expand...

One good thing about this part of Michigan was modest theft--er, property taxes.

I think I paid about $1300 for the year on 25 acres. Five of those were the house and yard, 20 were farmground, tenant-farmed, with about a sixth of a mile strip of woodlot.
 
SAR01

SAR01

Social ButterFly
2 yrs ago they upped my home value to almost 1/2 mill.... I have 3 beds 2 baths, barn and 10 acres,,,,, with out homestead act I'd be paying 10k + this past yr they dropped the worth about 100k, (I did nothing when they upped it I did nothing when they lowered it... but the taxes did not lower with the value...... I do not know how people are existing,..
 
D

Displaced hillbilly

Veteran Member
workhorse said:
One of the reasons we left. Landlord was paying $7500 a year in taxes. Plus what the average rent was 1k coming up with a grand total $1700 a month. Moved to GA 3 bedroom house with full basement 925 a month. NH was a two bedroom basement apartment.
Click to expand...
Sounds like you did very well. I’m having a hard time convincing a man who has lived all but four years of his life in NH that it’s time to go. I just want to live somewhere that we aren’t busting our a$$es just to pay the property taxes.
 
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