Can you believe this? MT Property values rise 55 percent in reappraisal
Submitted by busted on Sun, 12/07/2008 - 09:36
HELENA, Mont. - A statewide property reappraisal shows the value of residential property has increased by an average of 55 percent statewide over the past 6.5 years, the Revenue Department said.
http://www.helenair.com/articles/2008/12/07/ap-state-mt/d94t...
What do you make of this? I feel this is a ploy to collect more taxes; my home over the past 7 years lost 22%. We will be watching the 2009 Leg. for a tax freeze.
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LeRoy, NY Business assesments up 100% in one year
School budget (tax) went from 11 million a year to 21 million in one year. For about 1000 students. That's more per student than I was paying at R.I.T.
That was about two years ago. Now the main street is empty buildings, with the exception of the new walgreen and the town offices, which just had a very nice remodel.
my experience-
upon buying my rented home last year, the value put on the property by the appraisel was $10,000.00 less than the tax bill. i went to the tax office and spoke to the tax guy about it. Apparently, the taxes on homes is figured on a state approved scale, though it is different for different counties, but always gains in value for obvious governmental reasons. The tax guy (city appraiser) agreed to lower the tax cited value for me since he had been in the home i bought and knew that even the appraisal was bogus and at least $10,000.00 more than the home is really worth which, by the way, i did not need for loan purposes as i was putting 15,000.00 down to begin with. This lowering of said taxes was to expire in 1 year, in other words, he gave me one year to improve my property to the point where it would actually be worth what they-the tax ascesser- claimed the home to be worth. Further, the proposal on the ballet, Question 1 (which i vehemently opposed and begged my ENTIRE city to oppose as well but it passed anyway) will put an end to my town ascessor and instead be replaced with one single ascessor for the entire county. Ultimately, the rest of the plan is to replace elections of city officers INCLUDING THE SHERRIFF with that of an appointment of officers selected by the Governors office. What does that tell you people? Further, our criminal Governor was re-elected even though his criminalist activities were brought out AND we had some really great Independents running against him. Apparently noone cares. By the way, that same criminal Governor promised an end to property tax which has only escalated. This all done by your left over, bush administration, enron connected MITCH DANIELS. There, I feel a little better now.
I 'm going to meditate now and remember who i really am!!
~peace
~peace
A note about home values:
A note about home values: what the city appraises it for vs. what you are insured for can be quite different. This is because insurance companies will insure you for the cost to rebuild. Market value is a separate issue alltogether. A home can plummet in value considerably w/in a 12-month span but the cost to rebuild it will stay the same during that time frame.
interestingly
my insurance company suggests that a rebuild of my home is about double the amount of my loan. thank you for pointing that out.
~peace
~peace
They want
money and we can't move. This is just the start and how they will wipe out personal property owners.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
Two thoughts on this...
Either more RP people loved how Montana voted so strongly for Ron Paul in the elections and are moving there en masse... :)
or
Local governments are not happy with the major loss of revenue and don't want to have to budget. And they know the people will revolt if they see property values go down drastically and taxes stay the same. Where I live, they are raising the millage rates so we are not seeing our taxes go down in S. Florida though the world knows that the values of our homes have plummeted. Now they are reminding us that there are caps to the rise and/or fall of property taxes, as another way to explain why taxes are still relatively high.
R3VOLution
This will tip the real estate market over. Bailouts, TARP,
Stimulus Packages or not. God forbid they shrink the size of government!
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=alN8v...