TimTaylor751647545500 Posted August 25, 2011 Report Share Posted August 25, 2011 Bought my house in '01 for 124k after talking previous owner who did a FSBO down from 140, refinanced into my name when I got divorced in '02 at 120k. Current value = 130 / New value = 119 Quote Link to comment Share on other sites More sharing options...
evan9381 Posted August 25, 2011 Report Share Posted August 25, 2011 Oh yeah...if you are serious...I have some crap you can sit around. An old Snapper might just do the trick. And for some reason there is a concrete deer with a missing antler and rebar for a tail in our woods...yours if you want it. Also...here's a good tip I learned...opt for a patio over a deck unless you want your assessment to go up. In a strange suspension of logic they consider a patio a temporary structure and a deck a permanent one. i wonder if they did the fly over imaging yet. i ripped out a 10x10 shitty brick "patio" 2 years ago and replaced it with a 16x20 stamped concrete w/ a 10' circle fire pit 2 years ago. Quote Link to comment Share on other sites More sharing options...
evan9381 Posted August 25, 2011 Report Share Posted August 25, 2011 Bought my house in '01 for 124k after talking previous owner who did a FSBO down from 140, refinanced into my name when I got divorced in '02 at 120k. Current value = 130 / New value = 119 BREAKING EVEN! lol Quote Link to comment Share on other sites More sharing options...
Crossle Posted August 25, 2011 Report Share Posted August 25, 2011 Ours went up about $4600, but we will be filing paper work as it is appraised at $134,600 and we paid $119,900 Quote Link to comment Share on other sites More sharing options...
Sully Posted August 25, 2011 Report Share Posted August 25, 2011 Got my letter yesterday. Mine went from $178,600 to $179,300. I only paid $156,00 for it 3 and 1/2 years ago. I filed the valuation complaint paperwork this past May requesting the assessed value be lowered to $144,000. I submitted supporting documentation along with the forms. They are in the process of reviewing that, so I may get another letter here soon, hopefully stating my assessed value has been lowered. We'll see. Quote Link to comment Share on other sites More sharing options...
LJ Posted August 25, 2011 Author Report Share Posted August 25, 2011 Got my letter yesterday. Mine went from $178,600 to $179,300. I only paid $156,00 for it 3 and 1/2 years ago. I filed the valuation complaint paperwork this past May requesting the assessed value be lowered to $144,000. I submitted supporting documentation along with the forms. They are in the process of reviewing that, so I may get another letter here soon, hopefully stating my assessed value has been lowered. We'll see. Make sure to go to one of the meetings and talk to someone face to face. Quote Link to comment Share on other sites More sharing options...
BBQdDude Posted August 25, 2011 Report Share Posted August 25, 2011 Reynoldsburg here. New build. Bought last November. Went down $1200 . Quote Link to comment Share on other sites More sharing options...
KennyFKINPowerz Posted August 25, 2011 Report Share Posted August 25, 2011 My next door neighbor just told me his went from 160 down to 127 Quote Link to comment Share on other sites More sharing options...
MiDe84 Posted August 25, 2011 Report Share Posted August 25, 2011 So I live in a condo and a bunch of foreclosures around me killed my value. I went from 84k to 55k. pay your mortgage neighbors! Quote Link to comment Share on other sites More sharing options...
AJ Posted August 25, 2011 Report Share Posted August 25, 2011 Ours went up about $4600, but we will be filing paper work as it is appraised at $134,600 and we paid $119,900 you paid that much for that house? you guys should have looked around more. Quote Link to comment Share on other sites More sharing options...
LJ Posted August 25, 2011 Author Report Share Posted August 25, 2011 So I live in a condo and a bunch of foreclosures around me killed my value. I went from 84k to 55k. pay your mortgage neighbors! I bet you $1,000 that foreclosures had nothing to do with your assessed value Quote Link to comment Share on other sites More sharing options...
Nitrousbird Posted August 25, 2011 Report Share Posted August 25, 2011 I bet you $1,000 that foreclosures had nothing to do with your assessed value It's a semi-true statement. Does the foreclosure itself impact the assessed value? No. Does it bring the market and average price of the other homes selling in the area down? Yes. This is where forclosure impacts the assessed value. So though it doesn't count in the area is appraised, if all the other homes in the area have been selling for less because of the countless foreclosurers, then they are hurting the assessed values. Quote Link to comment Share on other sites More sharing options...
LJ Posted August 25, 2011 Author Report Share Posted August 25, 2011 It's a semi-true statement. Does the foreclosure itself impact the assessed value? No. Does it bring the market and average price of the other homes selling in the area down? Yes. This is where forclosure impacts the assessed value. So though it doesn't count in the area is appraised, if all the other homes in the area have been selling for less because of the countless foreclosurers, then they are hurting the assessed values. Copy pasta from link I posted earlier :gabe: Quote Link to comment Share on other sites More sharing options...
EvoXbmx Posted August 25, 2011 Report Share Posted August 25, 2011 Mine went down 8k. Im off of N Broadway between 71 and Cleveland Ave. Figured this would happen, but my neighborhood is on the up and up so I am not worried at all about the actual value Quote Link to comment Share on other sites More sharing options...
Nitrousbird Posted August 26, 2011 Report Share Posted August 26, 2011 Mine went down 8k. Im off of N Broadway between 71 and Cleveland Ave. Figured this would happen, but my neighborhood is on the up and up so I am not worried at all about the actual value That neighborhood hasn't been "on the up and up" for decades. Quote Link to comment Share on other sites More sharing options...
SRTurbo04 Posted August 26, 2011 Report Share Posted August 26, 2011 you paid that much for that house? you guys should have looked around more.100% agree no offense but 120k for that house .... well I sure hope you like it I figured u guys got that in the 70-80 range.... Quote Link to comment Share on other sites More sharing options...
KennyFKINPowerz Posted August 26, 2011 Report Share Posted August 26, 2011 That neighborhood hasn't been "on the up and up" for decades. HA HA +10000 Quote Link to comment Share on other sites More sharing options...
Wease Posted August 26, 2011 Report Share Posted August 26, 2011 unless you guys plan to sell anytime soon, calm the fuck down. you'd be an idiot to buy high and sell low. This right here. I'll have this house paid off in 9 years. I don't plan on moving, so I don't give a fungus... Quote Link to comment Share on other sites More sharing options...
AJ Posted August 26, 2011 Report Share Posted August 26, 2011 100% agree no offense but 120k for that house .... well I sure hope you like it I figured u guys got that in the 70-80 range.... paul, you should buy my neighbors house. its listed at $135k and its nice inside based on the pictures. Quote Link to comment Share on other sites More sharing options...
justcause Posted August 26, 2011 Report Share Posted August 26, 2011 Tentative Values for Parcel: 530-170461-00 Current Value $123,500 New Value $89,900 How much can I expect my taxes to go down? Yes I live in Reynoldsburg. I bought the house almost 4 years ago for $90,000. Quote Link to comment Share on other sites More sharing options...
craig71188 Posted August 26, 2011 Report Share Posted August 26, 2011 (edited) you paid that much for that house? you guys should have looked around more. Location, location, location. It was one of the best buys in 43214 zip code under $125K (non-foreclosure) Edited August 26, 2011 by craig71188 Quote Link to comment Share on other sites More sharing options...
Mensan Posted August 26, 2011 Report Share Posted August 26, 2011 Tentative Values for Parcel: 530-170461-00 Current Value $123,500 New Value $89,900 How much can I expect my taxes to go down? Yes I live in Reynoldsburg. I bought the house almost 4 years ago for $90,000. 27.126%. The same as the drop in value. Quote Link to comment Share on other sites More sharing options...
LJ Posted August 26, 2011 Author Report Share Posted August 26, 2011 27.126%. The same as the drop in value. Not always i figured out. If the levy is a guaranteed amount it won't drop the full percentage. I thought the same thing. Quote Link to comment Share on other sites More sharing options...
Mowgli1647545497 Posted August 29, 2011 Report Share Posted August 29, 2011 Crap Went up $22k. Roughly $40k over what we bought it for in 03. Bleh Dublin, here take my money..... Quote Link to comment Share on other sites More sharing options...
SpaceGhost Posted August 29, 2011 Report Share Posted August 29, 2011 Ours dropped $24k, meh, we bought a house we can afford easily anyway, now it should be less than 1k a month in New Albany Schools. Wife wants to move, I don't, I win. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.