Quote:
Originally Posted by VApeople
As long as the market value they estimate for your house is less than what you believe your house is worth, what does it matter how often your house is assessed?
In our case, the market value they use to compute our real estate taxes is about $100K less than what we believe our house is worth, so we have no complaints.
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In my opinion, the assessment value means nothing financially. The only place it means anything is in the tax rate. The only thing that actually means something (besides the property taxes you have to pay) is the dollars someone actually offers for your property.
My TRIM after a 28% increase last year, shows a 5.5% increase this year. So I have to pay more, however it is assessed.
How’s the lady with the Astro turf doing? Maybe I should be looking at the cheap stuff I saw somewhere to replace the thousands per year in lawn upkeep.