How often are we re-assessed?

[44Apple]

I bought between 466 and 466A in 2015. The assessment on the property stayed stable in 2015-18, then was reassessed in 2019 and again in 2020. Have re-assessments become an annual thing? Thanks.

[pauld315]

I don't know but when you figure it out, share with all of us. I bought in 2017, it was reassessed for 2018 based on the sales price I paid and then it was reassessed slightly again in 2019. I know people who bought before us and have never been reassessed. This year, they said they would stay revenue neutral, in other words, you will pay the same amount of money for county tax as you did last year. However, what they did was raise the assessment and lower the tax rate to accomplish that. This s a common tactic politicians use to then be able to say they cut your taxes while in actuality, you are paying the same amount of money as the previous year.

[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.

[44Apple]

Every re-assessment forces my taxes up a bit.

[champion6]

I bought between 466 and 466A in 2015. The assessment on the property stayed stable in 2015-18, then was reassessed in 2019 and again in 2020. Have re-assessments become an annual thing? Thanks.

Every re-assessment forces my taxes up a bit.All the answers are here: Sumter County Property Appraiser
Website (http://www.sumterpa.com/)
352-569-5800

[rjm1cc]

I think the assessed value changes each year and is based on a computer model for most property as opposed to an inspection.

[Velvet]

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.

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.