Matt J avatar
Matt JSWGBOther
8,492 views
Prices are dropping, listings are starting to last a little longer. I believe the current market has fallen down and is heavily labored at this point. It'll be crickets by Labor Day.

Replies

39
springfield4Beach Lover
#27
Assessed or Market Value
Assessed Value however it is the same number as Just(Market) Value
Bob Wells avatar
Bob WellsBeach Fanatic
#28
Assessed Value however it is the same number as Just(Market) Value
Is this a recent purchase?
springfield4Beach Lover
#29
Is this a recent purchase?
No. 2014
Bob Wells avatar
Bob WellsBeach Fanatic
#30
No. 2014
I would go to the property appraisers office. I figured my assessed value increase and it was 3%. My market value was up 36%.
springfield4Beach Lover
#31
I would go to the property appraisers office. I figured my assessed value increase and it was 3%. My market value was up 36%.
I will contact them tomorrow. Thanks
Bob Wells avatar
Bob WellsBeach Fanatic
#32
I will contact them tomorrow. Thanks
I don't want to be up in your business, but would be interested in the explanation. Thanks
bob1Beach Fanatic
#33
CNBC: 72% of recent homebuyers have regrets about their purchases. As the market cools, these steps can help you avoid disappointment.
Matt J avatar
Matt JSWGBAuthor
#34
I will contact them tomorrow. Thanks

You didn't return the postcard did you?
Ohio Girl avatar
Ohio GirlBeach Lover
#35
I reviewed the TRIM statement and the assessed value for County and Other taxing districts increased by 10%. The assessed value for School taxing increased by a whopping 75%.
Why would assessed value for school taxes be different? Is this something that I can contest?
Matt J avatar
Matt JSWGBAuthor
#36
I reviewed the TRIM statement and the assessed value for County and Other taxing districts increased by 10%. The assessed value for School taxing increased by a whopping 75%.
Why would assessed value for school taxes be different? Is this something that I can contest?

That's right education has no cap. You can request a reassessment of your property. They'll warn you though sometimes it goes higher.
springfield4Beach Lover
#37
You didn't return the postcard did you?
postcard?
springfield4Beach Lover
#38
I don't want to be up in your business, but would be interested in the explanation. Thanks
Bob - I just spoke with the Property Appraiser's office and their explanation is that in the year that you apply for a homestead exemption the assessed value goes to the market value. There is no assessment reduction in that year. Of course, going forward the 3% limit per year then applies.
Matt J avatar
Matt JSWGBAuthor
#39
postcard?

Once you get homestead you'll occasionally receive a postcard from the property appraiser, you only return the card if you're no longer eligible for homestead, but some people think they have to to maintain homestead.
Bob Wells avatar
Bob WellsBeach Fanatic
#40
Bob - I just spoke with the Property Appraiser's office and their explanation is that in the year that you apply for a homestead exemption the assessed value goes to the market value. There is no assessment reduction in that year. Of course, going forward the 3% limit per year then applies.
Understood thank you

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