Assessment notices in the mail

Saw this in the "news" section - thought I'd pull it over here.
http://www.loudountimes.com/news/2009/jan/23/assessment-notices-mail/
Always a lively topic around here.

My assessment went down by about 1% this year. Funny part of that is the LAND value for my property increased by $25K. Id like to know why the land keeps getting a higher assesment. Pretty soon it will be equal to my houses value on it.

 

Does it really matter ... at the end we will all end up paying more tax .... higher rate + lower assessment ( recently ) ... lower rate + higher assessment ( during bubble ) ...

 

I was expecting mine to drop about 10% but it actually dropped about 17%. Ouch. It' down about 32% over the last two years.

 

I think you have broken the code here.

The powers to be decide on how much more to charge home owners. Then they decide whether they can up the tax rate or up the assessment. They will decide based on what they feel is more politically acceptable.

Soon I wager they will try to raise both the tax rate and the assessment.

In the end we pay more taxes

 

Yep. The assessments in this county never matter. Taxes always go up.

 

Mine went down less than 1%. Shocking considering our neighbor moved out in September and the house remains unsold, with an $80,000 price drop so far.
Whatever - when it's under assessed people screech, when it's over assessed people screech. I'm not moving any time soon.

 

Down 6% overall, land value remained the same. I was hoping for a bigger drop.

 

Down 8%.

I understand that it is hard getting comparables since nothing is selling but come on.

The Washington Post says our area has dropped over 35% since last year.

Zillow shows my home dropping 21% with a value $75,000 less than the county assessment.

Time to take a day off work and go challenge the old assessment again.

 

Our land value went up by $29K.

 

down -14% overall. Land stayed the same, but it had gone up the previous year. House down -18%.

 

We are down only 5k. House went down 30k and the land went up 25k.

 

Ours was down 8% this year. Land stayed the same and house dropped significantly

 

Folks,

Our Home Dropped by Wopping 22% . So did prettymuch all the homes on my street...
in sourthern walk.. TownHome..

..

 

Pea - check the neighborhood. Half my street got the increase, half didnt.......
The half that didnt - all bigger lots than mine. HMMMM

 

Yup, we are down about 22% on the building but the land stayed the same. It's all a game. DON'T BELIEVE THE HYPE!