In VA, localities are required by law to assess real estate at 100% FMV. An appeal on your assessment is not an appeal on higher taxes. You want the value of your home to be worth more than what you paid for it, not lower. Localities will also have tax relief programs property owners can apply for.
Bought my house at $163,000 10 years ago. It’s suddenly worth $250,000. 🤷♂️. I’ve made no improvements. Just repairs on an ancient house that’s actively self destructing. Guess it’s all the Berkshire-Hathaway signs that surround us in houses that remain vacant for 2 years so far.
You rent from the government. Period. I would love to tear down an old ,looks like a horse stall and replace it but am afraid of my txs going up.they go up at least 30 every yr.
Most Cities are trying to get more Money from you because your 1% are dodging their tax responsibilities. Only the Working Class are paying taxes. Secondly, once they take you home from you it’s auctioned off to a “Private Equity” group and you now become a renter! The good ol’ American Dream. 😂🤦🏾♂️
I had a higher tax property assessment % bump in 2019 - when I was losing hundreds of thousands in the stock market under Trumplethinskin. Since 2020 my stocks have gone through the roof! Love me some Brandon!
@@katiejon17 - Facts are NOT in dispute. From June to Sept 2020 - my stocks TANKED going from roughly 29387.8 (DJIA) TO 18247.6. By Dec 2021 Biden had that back to 29378.8 AND NOW the DJIA is at over 33089.2. So one of us plays pretend and probably doesn't actually have ANY money invested. Because if you did - and it was invested properly - you would be making a killing under Biden like I have been. Most of Donald Trump's gains, riding off the back of Obama's economy were lost at the end of his failed Presidency. You should probably turn off the OAN and Faux News and start reading for yourself sometime soon. Let's do DARK BRANDON!!!
I like how the government just gets to tell people what their house is worth. And how much taxes they owe and you just have to suck it
Here now in 2023 where Tax keep going up 3x every year, this is disgusting...
They should only put this on commercial property , like big stores, hospitals bulding club like that
Lol my taxes are 11k this year. Texas loves their property tac. Wish I had a $250 tax bill lol
Nearly useless. Shoddy reporting.. Downvote
In VA, localities are required by law to assess real estate at 100% FMV. An appeal on your assessment is not an appeal on higher taxes. You want the value of your home to be worth more than what you paid for it, not lower.
Localities will also have tax relief programs property owners can apply for.
it should be taxes on the land only for everyone same , not how much your houses is worth on the property
Didn't really provide much helpful information.
Bought my house at $163,000 10 years ago. It’s suddenly worth $250,000. 🤷♂️. I’ve made no improvements. Just repairs on an ancient house that’s actively self destructing. Guess it’s all the Berkshire-Hathaway signs that surround us in houses that remain vacant for 2 years so far.
House prices have doubled in a lot cities in past 5 years, that's why especially economy homes
I thought it was against the law to increase property taxes by more than 5%? Is that just certain states?
yes certain states
You rent from the government. Period. I would love to tear down an old ,looks like a horse stall and replace it but am afraid of my txs going up.they go up at least 30 every yr.
Most Cities are trying to get more Money from you because your 1% are dodging their tax responsibilities. Only the Working Class are paying taxes. Secondly, once they take you home from you it’s auctioned off to a “Private Equity” group and you now become a renter! The good ol’ American Dream. 😂🤦🏾♂️
Useless info
This offered 0 advice.
Even worse now. Only going to get worse. Let’s go Brandon.
I had a higher tax property assessment % bump in 2019 - when I was losing hundreds of thousands in the stock market under Trumplethinskin. Since 2020 my stocks have gone through the roof! Love me some Brandon!
@@FSMWorshiper wow, you live in your own reality.
@@katiejon17 - Facts are NOT in dispute. From June to Sept 2020 - my stocks TANKED going from roughly 29387.8 (DJIA) TO 18247.6. By Dec 2021 Biden had that back to 29378.8 AND NOW the DJIA is at over 33089.2.
So one of us plays pretend and probably doesn't actually have ANY money invested. Because if you did - and it was invested properly - you would be making a killing under Biden like I have been. Most of Donald Trump's gains, riding off the back of Obama's economy were lost at the end of his failed Presidency. You should probably turn off the OAN and Faux News and start reading for yourself sometime soon. Let's do DARK BRANDON!!!
@@FSMWorshiper🤡🤡
@@katiejon17he's a liberal 🤡 probably on welfare
"LOL"