Current Tax Evaluation Update (Hint: It Still Sucks!)
Remember a few weeks back how our real estate tax evaluation increased our property value 96% over last year? The price of everything around us has dropped. Metal and oil prices are down considerably? Well, I made an appointment to plead my case and explained that we don't have three and a half bathrooms, we only have one full bath that doesn't work. a half bath on the first floor that does work and a quarter bathroom on the second floor because I haven't installed the toilet and that room isn't functioning either because we don't have heat on the second floor and the pipes keep freezing. I also explained that the total square footage of the two floors that they count for tax purposes isn't 3970 but in fact 3631. I gave them pictures showing how the front porch is collapsing and we have an extension of the Amazon Rain Forest in our very own back yard yet alone in our bathroom when it rains and the walls blossom with mushrooms!
The guy told me that the value would be adjusted down and should come in about where I would expect it to. He said I would get notice of an adjustment within three weeks. That was six weeks ago! So I check the treasurer's website and noticed a few weeks ago that the value dropped $3000 when the correct number of bathrooms was listed. Last week the value dropped another $44,000 because they corrected the square footage and probably reclassified the condition of the property. Currently we are at a 43% increase over last year and $40,000 - $60,000 above everyone else on our side of the street who have finished, livable houses. I think we are about $60,000 higher than the other side of the street. This equates to a $600 increase in taxes for us every year. The house is worth little more than we paid for it in its current condition, even with all the work because it isn't any where near finished. I told the man if he wanted to appraise it $5000 dollars above what we paid I wouldn't argue but any higher and I would fight it. Especially when 5 properties adjoining ours are vacant and have been for several years. Currently we are $33,000 above last years tax value. They must have justified the increase because I finally rebuilt that chimney and put in the bulk head doors, which are the only improvements I have made in the last 12 months! So you know that economic stimulus check that we got back in June because we pay too many taxes to the Federal Government? Well, it looks like our local county auditor wants to claim ours. In January I can appeal my evaluation to the State. Looks like I might be doing that. I better go find where I packed up the boxing gloves!