Quote:
Originally Posted by twoplanekid
The property tax value of my house is not based on "the valuation discussed herein reflects a projection of annual revenues net of projected annual expenses such that projected annual income is calculated for 33 years (FY 2019 thru FY 2052)."
|
Yes, I understand that. But I am still struggling to reconcile how a house with a value of roughly $300 thousand pays about $3 thousand a year in property taxes and an entity with a market value of roughly $98.5 million pays under $4 thousand a year in property taxes. That would seem to imply that the entity with a $98.5 million market value is only accessed for taxes at about $400 thousand. That's a very large disconnect between accessed value and market value. The value difference seems way to good to be real for the property owner, or maybe not considering the current owner?