748,620
One thing good that we have in Oregon is that we have two assessments for property taxes - one is the real market value and the other is the assessed value. The assessed value can only go up 3% per year and the owner is taxed on the lower of the two values. I appealed the property taxes of 3 properties I owned in 2011 when the real market value dropped below the assessed value - and won. But in a normal market, we typically go up 3% per year regardless of skyrocketing market values.
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John Juarez
Fremont, CA
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Steve Higgins
Kelowna, BC
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Doug Dawes
Topsfield, MA
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Carol Williams
Wenatchee, WA
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Kathleen Daniels, Prob...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Brenda Mayette
Glenville, NY
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Kris Collis, Associate...
East Stroudsburg, PA
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Fred Griffin Florida R...
Tallahassee, FL
5,420,860
I have found the best way to protest in Lake and Cook County Illinois is to use an attorney who specializes in protests.
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Carol Williams
Wenatchee, WA
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Kathleen Daniels, Prob...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Joan Cox
Denver, CO
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Fred Griffin Florida R...
Tallahassee, FL
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Shayne Stone
Fulshear, TX
1,108,433
There is an appeal process here to contest property taxes but I have never used it since we have homestead and increases are capped. Taxes here are based on the taxable value of the property which can be much less than market value or appraised value. I don't help them appeal but will give them information on where to find details on the process and how to proceed. I always advise them prior to signing of the possibility of a large increase in taxes and to plan for it.
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Kris Collis, Associate...
East Stroudsburg, PA
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Steve Higgins
Kelowna, BC
1,308,167
Yes, many will ask me to send them comps for the last 12 months to help with their protests.
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Kris Collis, Associate...
East Stroudsburg, PA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Fred Griffin Florida R...
Tallahassee, FL
2,699,066
Florida has the Save Our Homes Constitutional Amendment. That protects your principal residence/homestead from substantial increases in taxes.
But what about your investment property, second home, commercial realty, vacant land, etc.? Public Schools and Local Governments can never get enough money; they are always trying to increase the assessed value.
Joan, my involvement is limited to:
(1) Advise them to look at the TRIM notice the day they receive it. This is a good "reason to call or email" your SOI in August, when the notices go out.
(2) Showing them the process for challenging the assessment; including filing a petition with the local VAB
(3) If necessary, refer them to a good real estate attorney and/or a good real estate appraiser. Yes, it will cost you money to save money, but many people will gladly fight that fight.
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Lyn Sims
Schaumburg, IL
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Brenda Mayette
Glenville, NY
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Diana Zaccaro Broker A...
Cocoa Beach, FL
2,542,559
Yes, I have helped property owners protest tax assessments.
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
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Shayne Stone
Fulshear, TX
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Kris Collis, Associate...
East Stroudsburg, PA
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Fred Griffin Florida R...
Tallahassee, FL
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Joan Cox
Denver, CO
3,406,690
I help my clients in every possible way. Annual property tax increases in my county cannot exceed 2%.
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John Juarez
Fremont, CA
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Nancy Frimann
Gilroy, CA
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Steve Higgins
Kelowna, BC
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Doug Dawes
Topsfield, MA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
5,247,842
That depends on what you mean by "help." I've had some calls and when I looked at comps I told a number of clients they didn't have a case. Beyond a quick CMA, I refer them to an appraiser in the area who will do a solid appraisal to help them contest it it makes sense to do so.
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Doug Dawes
Topsfield, MA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Kathleen Daniels, Prob...
San Jose, CA
1,761,943
No, but I encourage them to apply for the homeowner occupant exemption which is a dramatic decrease in taxes. It really helps people to afford living here.
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Joan Cox
Denver, CO
-
Shayne Stone
Fulshear, TX
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Kris Collis, Associate...
East Stroudsburg, PA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
1,865,842
I have helped many but I do not normally go with them to protest. Most of the time they find out their taxes are lower than their neighbors & that shuts them up. Don't make the situation worse with the assessor.
I've protested my own numerous times but many are too afraid to do anything about it. There is a local attorney that I send them too.
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Nina Hollander, Broker
Charlotte, NC
3,208,060
We had that last year. My house went up 100%. Just over doubled. However, I still wouldn't sell it for that, so I didn't say a word. Our county was among the first in Georgia to lower values when prices were falling in 2009 to 2012. They aren't super "accurate" to market value, but they seem fair. There are breaks for primary residence and seniors also.
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John Juarez
Fremont, CA
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Don Baker
Eatonton, GA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Shayne Stone
Fulshear, TX
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Nina Hollander, Broker
Charlotte, NC
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Joan Cox
Denver, CO
610,615
It's hard to find comps to lower the Market Value of a house today!
Like I say a lot about Property Taxes, a house is an investment - home is what you make of it. But complaining about the taxes, it's like investing in a Stock and saying y'all would be unhappy to have to pay more in Taxes if the Value of the Stock went up.
I personally like my Value to grow, it's the Tax Rate I am more concerned about...
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John Juarez
Fremont, CA
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Steve Higgins
Kelowna, BC
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Shayne Stone
Fulshear, TX
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Kathleen Daniels, Prob...
San Jose, CA
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Joan Cox
Denver, CO
936,213
I'm always happy to do a CMA to help them. Our new assessment isn't out but I imagine we'll be getting calls.
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
823,490
The only help I can provide is comps for the past year.
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
424,750
Currently I'm the chairman of our county property tax board. So if I help my clients I would have to recuse myself. I do send out email reminders to my clients for them to be sure to claim the home and other exemptions. We have had an increase in appeals with the market and tax assessments going up.
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Diana Zaccaro Broker A...
Cocoa Beach, FL
1,626,627
In CA we are protected from drastic increases due to Prop 13 (passed in 1978). I did a few when there were rapidly falling prices during the mortgage meltdown, but then my county did a blanket reduction of thousands of properties (assessor felt it was cheaper than litigating all challenges).
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John Juarez
Fremont, CA
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Nancy Frimann
Gilroy, CA
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Steve Higgins
Kelowna, BC
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Shayne Stone
Fulshear, TX
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Joan Cox
Denver, CO
5,961,258
This process must differ from state to state, as even our assessor asks if a REALTOR provided comps and wants their name, address & number. We do it A LOT.
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John Juarez
Fremont, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Steve Higgins
Kelowna, BC
-
Shayne Stone
Fulshear, TX
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
1,242,905
I guide them to the Assessor's office
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John Juarez
Fremont, CA
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Steve Higgins
Kelowna, BC
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Shayne Stone
Fulshear, TX
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Joan Cox
Denver, CO
1,530,014
Prop 13, the only good thing to come out of California (aside from sunshine and Reagan).
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Fred Griffin Florida R...
Tallahassee, FL
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Shayne Stone
Fulshear, TX
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Doug Dawes
Topsfield, MA
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Joan Cox
Denver, CO
6,618,301
I hope this helps Joan, I have found the assessors are very stubborn around here.
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John Juarez
Fremont, CA
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
2,827,174
These cities, states and federal governments spend money like water thus making them have to replenish it every chance they get. How much can the average American, who wants to live the dream, stand? Sure, money is necessary but quality management and leadership is a must too or...?
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Richie Alan Naggar
Riverside, CA
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
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Joan Cox
Denver, CO
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Shayne Stone
Fulshear, TX
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Fred Griffin Florida R...
Tallahassee, FL
917,103
No, I don't see that as real estate professional's role at all; other than perhaps to provide information regarding recent property values, but that can be found online.
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John Juarez
Fremont, CA
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Shayne Stone
Fulshear, TX
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Gary Frimann, CRS, GRI...
Gilroy, CA
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Joan Cox
Denver, CO
5,137,944
I am with you Joan, I have lots of calls from past clients to help them.
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John Juarez
Fremont, CA
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Shayne Stone
Fulshear, TX
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Joan Cox
Denver, CO
405,589
We got a lot last year. No real big hikes this year though.
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Joan Cox
Denver, CO
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John Juarez
Fremont, CA
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Shayne Stone
Fulshear, TX
363,971
Since most homes here are apartments, challenging the tax assessment is done at a building level and done by the building's managing agent. I do help my clients understand the tax bill if they ask, but some of it is a baffling set of variables that is housed in a black box that doesn't always make a lot of sense as it's based on rental values- and we have a large population of rent controlled and rent stabilized apartments. The city was ready to get serious about reforming our property tax system...and then covid hit- halting everything and I haven't heard about property tax reform since.
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John Juarez
Fremont, CA
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Shayne Stone
Fulshear, TX
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Joan Cox
Denver, CO
1,412,575
Proposition 13, passed in a initiative vote in California in 1978 sets the assessed value of a home, and other real estate,for property tax purposes as the sales price of the home. The tax rate is fixed at 1% of that rate upon sale. Future annual increases in the assessed value cannot exceed the inflation rate with a max of 2% per year.
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Joan Cox
Denver, CO
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Steve Higgins
Kelowna, BC
782,209
Los Angeles county in California is still under prop 13 so our property taxes are based upon purchase price with a limit to annual rise. The only time we needed to fight assessments was after the county lowered the value temporarily and then raised it once the market values recovered.
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Joan Cox
Denver, CO