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Tax Assessments - Did you go up or down?

Discussion in 'Homeowners Corner' started by flynnibus, Jan 27, 2012.

  1. twohokies

    twohokies New Member

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    SFH in SW went up $21,300. Is there a trend in SW this year of going up significantly while the other parts stay roughly the same/go down?
     
  2. shim

    shim shim

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    SFH in SW up $15,100 -- land unchanged.
     
  3. Neighbor

    Neighbor Member

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    Land unchanged, Building UP $15,900 !! SFh in SW.
     
  4. beahmer

    beahmer Member

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    Maybe Openband is now in charge of assessments ;)
     
  5. flynnibus

    flynnibus Well-Known Member Forum Staff

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    yeah, the climbs in SW seem very much opposite the minor movement in the north. FWIW.. I believe the local paper said something up like 5% overall? Just looked at a few lines and didn't read the whole thing.

    Peeps with 15+k increases, recent purchases or no?
     
  6. signifer

    signifer Member

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    Nope. Been here since it was new (2005).

    BTW: it's tough to believe the land has gone up $250K per acre in the last year... (what an acre would cost given our increase and the size of a townhouse lot)
     
  7. beahmer

    beahmer Member

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    I thought SW was supposed to be more depressed.... wouldnt that make since the you wouldnt see increases
     
  8. serendipity

    serendipity New Member

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    Peeps with 15+k increases, recent purchases or no?


    Nope. 2004. And no improvements.
     
  9. flynnibus

    flynnibus Well-Known Member Forum Staff

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  10. bailey

    bailey New Member

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    Ours went up 62K????? SFH in SW....something doesn't see right about that. Although I know recent sales on our block are in line with the new assessment, so maybe it's right.
     
  11. snoopy

    snoopy Senior Member

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    up 7K ... SFH SW ...
    Seems the mirror the uptick in recent SW SFH home sale prices ..
     
  12. esubscribe

    esubscribe Gadget Freak!

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    We live in SW, and our increase was $61.5K... was enjoying the low RE property tax last year, well... not anymore!

    Data point: 2007 construction, no major 2011 improvements
     
  13. twohokies

    twohokies New Member

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    Original purchase in 2005, finished basement in late 2009 which I think was part of the 2011 sig. increase. Land unchanged.
     
  14. Neighbor

    Neighbor Member

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    Nope, 2005 as well. Still, a 15K+ increase.
     
  15. glencastle

    glencastle The Paterfamilias

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    Up $21.6K, SFH in SW, no improvements. Doh! What happened to that Openband penalty?
     
  16. Zeratul

    Zeratul Well-Known Member

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    I do not have the exact figure but ours went up around $40k. We had our house appraised 2 times in about 4 months (refi) and the amount went up $30k. Home prices in SW (SFH) are going up quite a lot and quickly at least from my limited exposure.
     
  17. Steve Campot

    Steve Campot Broadlands Real Estate Broker

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    Southernwalk suffered a much higher foreclosure and short sale rate due to the timing of when the area was built. All those distressed sales in 2008-2010 kept the assessments low. Now that most of the sales are traditional transactions the prices jumped up to where they should be.

    Now there is a serious shortage of homes for sale in all of Broadlands, so prices should move up a little this year.

    I have buyers interested in Broadlands so if you have any interest in selling please let me know.

    Thanks,
     
  18. Mom8386

    Mom8386 Member

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    Not in SW, as I said previously, off of Ryan Rd, close to Belmont (not Brambleton either). We've been here since 2003, (new construction) and have seen our assessments go up and down, but the 61K seems like too big an increase for the basement finishing. But, it does put us in line with what houses are selling for in our small community.
     
  19. twohokies

    twohokies New Member

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    Our house went up $77K from 2010 to 2011 when our basement was finished.
     
  20. KTdid

    KTdid Well-Known Member

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    I would like to thank everyone who's paying significantly more in taxes this year. :) It should help offset some of the shortages in the county budget.
     

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