Land Value at $50,000 Ok I can handle that.

Building Value at $185,300. ???

Total Value that the home owner is being taxed on is $235,300

The appraiser just told me he could not appraise this house for more than $180,000

 

So tax assessors? What do you think about that?

 

Land Value   Building Value   Total Value   Taxes
$50,000.00   $185,300.00   $235,300.00  

$927.00

 
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3 Comments on My house is worth what??

NOV
08
2010
318,277 Points

This is the same in other areas the taxes do not reflect the current value of the home in which we are paying taxes they need to catch up.

12:03pm • #1
1 Featured Post Called Shot Master

Someone needs to inform the assessor that you need the taxes adjusted(haha). Oh, the housing market, always full of headaches!

1:58pm • #2
265,257 Points 3 Featured Posts Outside Blog Attended Rain Camp

In California, the decline in property values has forced county assessors to do regular reductions of assessed values over the last few years. This is one of the contributors to California's economic problems. There is a lot less money coming into the county tax collectors' offices due to value declines. I cannot imagine this experience is not being replicated in other areas across the country where property taxes are based on the value of the property. If your property has declined in value, your assessed value should reflect same and, if appropriate should result in a decrease in property taxes. Of course, appropriate tax laws are likely to vary among the States.

2:23pm • #3


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Joanne Gillet Buyer & Seller Consultant/ Educator

Pawleys Island, SC

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Pawleys Seaside Realty, Pawleys Island SC

Address: 11405 Ocean Hwy, Suite 6, Pawleys Island, SC, 29585

Office Phone: (843) 655-6343

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