Comments on: I Don’t Understand Property Assessments http://b.rox.com/2007/08/07/assessments/ Life in the Flood Zone Thu, 04 Dec 2008 02:14:21 +0000 http://wordpress.org/?v=2.6 By: b.rox » Blog Archive » Assessment http://b.rox.com/2007/08/07/assessments/#comment-227322 b.rox » Blog Archive » Assessment Mon, 04 Aug 2008 16:35:13 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-227322 [...] year, I didn’t understand property assessments, but now I think I do, kinda sorta, so I’m actually able to make some sense of this [...] [...] year, I didn’t understand property assessments, but now I think I do, kinda sorta, so I’m actually able to make some sense of this [...]

]]> By: b.rox » Blog Archive » Rude Comments http://b.rox.com/2007/08/07/assessments/#comment-149697 b.rox » Blog Archive » Rude Comments Fri, 26 Oct 2007 14:50:10 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-149697 [...] calling himself Albert Dorkland left a comment back in July saying that I’m “ripping off honest people.” He also said I [...] [...] calling himself Albert Dorkland left a comment back in July saying that I’m “ripping off honest people.” He also said I [...]

]]> By: Albert Dorkland http://b.rox.com/2007/08/07/assessments/#comment-137450 Albert Dorkland Tue, 14 Aug 2007 04:09:17 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-137450 Give me a break. You can't be this naive. Basically your assessor isn't doing his job. You already know that your house is worth a lot more than he's assessed it for, which means the rest of us who have competent or honest assessors are paying your taxes for you. You are ripping off honest people and pretending to be naive about it. Wow. If you aren't ripping us off, then I suppose you'd be willing to sell your house for 1720... If you want to be honest, call your assessor and tell him he's made the value of your property too low, thatyou are an honest citizen and want to pay your fair share of taxes. Of course you won't do that. Youd' rather make speeches on tv criticizing dishonest politicians. I doubt you'll run this note either because that would require .. basic honesty. Give me a break. You can’t be this naive.
Basically your assessor isn’t doing his job. You already know that your house is worth a lot more than he’s assessed it for, which means the rest of us who have competent or honest assessors are paying your taxes for you.
You are ripping off honest people and pretending to be naive about it.
Wow. If you aren’t ripping us off, then I suppose you’d be willing to sell your house for 1720…
If you want to be honest, call your assessor and tell him he’s made the value of your property too low, thatyou are an honest citizen and want to pay your fair share of taxes.
Of course you won’t do that.
Youd’ rather make speeches on tv criticizing dishonest politicians.
I doubt you’ll run this note either because that would require .. basic honesty.

]]> By: Frolic http://b.rox.com/2007/08/07/assessments/#comment-136634 Frolic Wed, 08 Aug 2007 13:14:48 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-136634 I think Seung, in passing, gave us the answer to why the assessed value is 10% of the appraised value. He said commercial property is assessed at 15% of appraised value. That allows the city to calculate the total taxable property (both residential and commercial) and set a single millage rate to cover expenses. I think Seung, in passing, gave us the answer to why the assessed value is 10% of the appraised value. He said commercial property is assessed at 15% of appraised value.

That allows the city to calculate the total taxable property (both residential and commercial) and set a single millage rate to cover expenses.

]]> By: Editor B http://b.rox.com/2007/08/07/assessments/#comment-136545 Editor B Wed, 08 Aug 2007 02:03:52 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-136545 Thanks for all the answers people. Of course, these answers just raise more questions. Like, why is the assessed value 10% of the appraised value? That just seems arcane and needlessly complicated, though I'm sure there is some logic. Anyway, since several people asked, I think my assessor is Claude Mauberret. I remember it was somebody whose family has held the office for over one hundred years. Thanks for all the answers people. Of course, these answers just raise more questions. Like, why is the assessed value 10% of the appraised value? That just seems arcane and needlessly complicated, though I’m sure there is some logic.

Anyway, since several people asked, I think my assessor is Claude Mauberret. I remember it was somebody whose family has held the office for over one hundred years.

]]> By: Scott Harney http://b.rox.com/2007/08/07/assessments/#comment-136520 Scott Harney Tue, 07 Aug 2007 20:50:48 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-136520 hmm. got cut off. since your assessment is hmm. got cut off.

since your assessment is

]]> By: Scott Harney http://b.rox.com/2007/08/07/assessments/#comment-136519 Scott Harney Tue, 07 Aug 2007 20:49:27 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-136519 I went to opboa.org and found your assessment. They indeed have your appraised building at $10,000 and your appraised land at $1,720. I'm guessing the district 2 assessor is still using the Katrina "damaged" assessment for your property. The homestead exemption amount, is $7500. But since you're assessment is I went to opboa.org and found your assessment. They indeed have your appraised building at $10,000 and your appraised land at $1,720. I’m guessing the district 2 assessor is still using the Katrina “damaged” assessment for your property.

The homestead exemption amount, is $7500. But since you’re assessment is

]]> By: Seung http://b.rox.com/2007/08/07/assessments/#comment-136516 Seung Tue, 07 Aug 2007 20:03:48 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-136516 oh for clarification, in that formula above the homestead exemption would be for $7500. Your assessment would look like this: (assessed value - homestead exemption) x the millage rate ($1720 - $7500) x .175 The current millage is 175 mils, but it should go down drastically. About 10 of those mils are for police and fire. So your property tax, if the millage stayed the same, would be $1720 x .01 = $17.20. So, I guess I was pretty off with my original estimate of a buck or two. Still, an unusually small tax bill even with the 2006 millage rate. oh for clarification, in that formula above the homestead exemption would be for $7500.

Your assessment would look like this:

(assessed value - homestead exemption) x the millage rate
($1720 - $7500) x .175

The current millage is 175 mils, but it should go down drastically. About 10 of those mils are for police and fire.

So your property tax, if the millage stayed the same, would be $1720 x .01 = $17.20. So, I guess I was pretty off with my original estimate of a buck or two. Still, an unusually small tax bill even with the 2006 millage rate.

]]> By: Seung http://b.rox.com/2007/08/07/assessments/#comment-136514 Seung Tue, 07 Aug 2007 19:58:09 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-136514 Frolic is correct. Your assessed value is 10% of your appraised value. If it were commercial, your assessed value would be 15% of your appraised value. Your property tax would be your (assessed value - homestead exemption) x the millage rate. If your value is less than the homestead exemption ($75,000) then you pay no property tax except for the millage for fire and police. And if your assessed value is only $1720, which does sound very very low, then your property tax might be about a buck or two even if the millage stayed what it is right now. Do you know who your assessor is? Frolic is correct. Your assessed value is 10% of your appraised value. If it were commercial, your assessed value would be 15% of your appraised value.

Your property tax would be your (assessed value - homestead exemption) x the millage rate. If your value is less than the homestead exemption ($75,000) then you pay no property tax except for the millage for fire and police. And if your assessed value is only $1720, which does sound very very low, then your property tax might be about a buck or two even if the millage stayed what it is right now.

Do you know who your assessor is?

]]> By: Cade Roux http://b.rox.com/2007/08/07/assessments/#comment-136507 Cade Roux Tue, 07 Aug 2007 19:17:35 +0000 http://b.rox.com/archives/2007/08/07/i-dont-understand-property-assessments/#comment-136507 The assessment is the tax before being multiplied by the millage - millages being determined by the S&WB etc. On the back, you will see the rates. For normal homeowners, your assessment will be 10% of the land + 10% of the structures. Unfortunately, my house and land were appraised at over twice the probably value. (And the highest on our street, when we have the smallest house). And all the lot sizes being almost the same - the variation in appraisals on our same street was also off by a factor of 2. The assessment is the tax before being multiplied by the millage - millages being determined by the S&WB etc. On the back, you will see the rates. For normal homeowners, your assessment will be 10% of the land + 10% of the structures.

Unfortunately, my house and land were appraised at over twice the probably value. (And the highest on our street, when we have the smallest house). And all the lot sizes being almost the same - the variation in appraisals on our same street was also off by a factor of 2.

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