jagr Posted August 24, 2011 Report Share Posted August 24, 2011 http://www.columbusunderground.com/franklin-county-property-reappraisal-begins-next-weekSo I received my property reappraisal letter today. It dropped $9800. So that's $9800 I won't be paying taxes on. How else does this affect homeowners? How did you fare? Quote Link to comment Share on other sites More sharing options...
SWing'R Posted August 24, 2011 Report Share Posted August 24, 2011 Mine dropped $37,000!! Yes, that's 37 fucking thousand! Quote Link to comment Share on other sites More sharing options...
jagr Posted August 25, 2011 Author Report Share Posted August 25, 2011 I am told only a few areas did not drop. Sections of Worthington, Clintonville and Grandview remained almost unchanged. Rosso. You will be able to sit down face to face to discuss your property reappraisal. Details here. http://m.columbuslocalnews.com/articles/2011/07/05/multiple_papers/news/alltax%207-6_20110705_0915am_3.txt Quote Link to comment Share on other sites More sharing options...
standout Posted August 25, 2011 Report Share Posted August 25, 2011 Down 6,500 for me. Quote Link to comment Share on other sites More sharing options...
SWing'R Posted August 25, 2011 Report Share Posted August 25, 2011 Rosso. You will be able to sit down face to face to discuss your property reappraisal. Details here. http://m.columbuslocalnews.com/articles/2011/07/05/multiple_papers/news/alltax%207-6_20110705_0915am_3.txtWon't due any good. My neighborhood is one like Moose's, a Dominion Condo development. Lots of people lost their homes here cause they didn't do their homework before signing, so now us responsible homeowners have to pay the consequences of lower home values thanks to all the foreclosures surrounding us. Homes here were valued between $135 - $180K I think when they were first built, they go for well under $100K now at auction. Heck, this reappraisal puts me under $100K already Quote Link to comment Share on other sites More sharing options...
jagr Posted August 25, 2011 Author Report Share Posted August 25, 2011 The reappraisal isn't the market value but yeah, I hear what you're saying. Quote Link to comment Share on other sites More sharing options...
ReconRat Posted August 25, 2011 Report Share Posted August 25, 2011 (edited) Whitehall was the biggest hit with an average 14% drop.But I was checking values on Realtytrac, and I have the opinion that huge numbers of homes are still in foreclosure with more to come. And that whatever a bank asks for a property, you can buy it for half of that. And that some home owners just give up and sell for anything they can get. It's far from over.edit: a friend's neighborhood in Columbus near Bexley, had 5 houses on the same street, all foreclosed and all sold for 25k-30k each. Edited August 25, 2011 by ReconRat Quote Link to comment Share on other sites More sharing options...
SWing'R Posted August 25, 2011 Report Share Posted August 25, 2011 I guess it really shouldn't bother me much, we have no plans on sellingor moving and it should eventually lower our mortgage payments since ourinsurance should go down. EDIT: I meant property tax, not insurance. Quote Link to comment Share on other sites More sharing options...
DAC Posted August 25, 2011 Report Share Posted August 25, 2011 I guess it really shouldn't bother me much' date=' we have no plans on sellingor moving and it should eventually lower our mortgage payments since ourinsurance should go down. EDIT: I meant property tax, not insurance.[/quote']You got it right. I'm in the Hilliard area and valuation went UP $1k. So, I'll be paying about the same. At least I hope. The Dispatch article seemed to indicate the property taxes were relative. So, my taxes might go up for my house that stayed the same in value since the general value in the area declined. It's just a tax thing for me too. I'm not going anywhere. Quote Link to comment Share on other sites More sharing options...
undr_psi Posted August 25, 2011 Report Share Posted August 25, 2011 down 4200 Quote Link to comment Share on other sites More sharing options...
ReconRat Posted August 25, 2011 Report Share Posted August 25, 2011 (edited) Currently (with most banks not processing for several months)Ohio - 70,193 foreclosuresCuyahoga county - 9189 foreclosuresFranklin county - 7071 foreclosuresHamilton county - 5864 foreclosuresMontgomery county - 3898 foreclosuresButler county - 3415 foreclosuresLicking county - 1206 foreclosuresDelaware county - 837 foreclosuresFairfield county - 539 foreclosuresMadison county - 270 foreclosuresPickaway county - 208 foreclosuresHocking county - 68 foreclosuresedit: not bad compared to Detroit area which has 47,000+or Chicago, 75,000+, Cook county Illinois has 66,374 by itself. Edited August 25, 2011 by ReconRat Quote Link to comment Share on other sites More sharing options...
El capitan Posted August 25, 2011 Report Share Posted August 25, 2011 We bought at 107 a few years ago, and can't sell at mid 80's. Fucking neighbors just walking away left and right. Quote Link to comment Share on other sites More sharing options...
kawi kid Posted August 25, 2011 Report Share Posted August 25, 2011 But my taxes went up in Coshocton..... Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted August 25, 2011 Report Share Posted August 25, 2011 So... make Parks give it back.. Quote Link to comment Share on other sites More sharing options...
madcat6183 Posted August 25, 2011 Report Share Posted August 25, 2011 Love seeing mine drop 17K.... That really helps as I wanted to try to sell it next year. Neighbors keep walking away from their houses and just start renting instead.At least I will reduce my property taxes a bit... Quote Link to comment Share on other sites More sharing options...
Coyote Posted August 25, 2011 Report Share Posted August 25, 2011 -20k here. Quote Link to comment Share on other sites More sharing options...
max power Posted August 25, 2011 Report Share Posted August 25, 2011 I lost 3k. Quote Link to comment Share on other sites More sharing options...
jagr Posted August 25, 2011 Author Report Share Posted August 25, 2011 Well the appraisal before this one, 6 years ago, I had a $42,000 increase. That was about a year after we bought the place. Quote Link to comment Share on other sites More sharing options...
Uncle Punk Posted August 25, 2011 Report Share Posted August 25, 2011 (edited) We have discussed this before but I wouldn't expect to see much of a drop in property taxes. A tax levy has to produce the same amount of money no matter what the overall value of property in an area is valued at. If all properties in an area lose 50% of their value it only makes the rate higher to generate the same money. This is only for levy money and not percentage money but levy money is usually the largest portion of property taxes in Ohio.http://chronicle.northcoastnow.com/2010/02/06/though-property-values-down-county-taxes-can-still-rise/ Edited August 25, 2011 by Uncle Punk Quote Link to comment Share on other sites More sharing options...
Scruit Posted August 25, 2011 Report Share Posted August 25, 2011 My taxable value has not dropped due to the economy. Our area just didn't lose house values because of so much new development, net strip malls etc. Any loss in value from the economy was balanced by an increase in value due to improvements in local amenities. Quote Link to comment Share on other sites More sharing options...
Carwhore Posted August 25, 2011 Report Share Posted August 25, 2011 all you fools own houses and have to pay tax! Moochin off my parents for life TAX FREE! Quote Link to comment Share on other sites More sharing options...
jagr Posted August 25, 2011 Author Report Share Posted August 25, 2011 We have discussed this before but I wouldn't expect to see much of a drop in property taxes. A tax levy has to produce the same amount of money no matter what the overall value of property in an area is valued at. If all properties in an area lose 50% of their value it only makes the rate higher to generate the same money. This is only for levy money and not percentage money but levy money is usually the largest portion of property taxes in Ohio.http://chronicle.northcoastnow.com/2010/02/06/though-property-values-down-county-taxes-can-still-rise/Yes. House bill 920 passed decades ago protects taxpayers from large tax increases and also protects government orgs like school districts from LOSING levy revenue from property tax decreases. http://www.schoolfundingmatters.org/content/HB920.aspx Quote Link to comment Share on other sites More sharing options...
SWing'R Posted August 31, 2011 Report Share Posted August 31, 2011 http://www.dispatch.com/content/stories/local/2011/08/31/appraisers-overwhelmed-by-demand.html Quote Link to comment Share on other sites More sharing options...
jagr Posted August 31, 2011 Author Report Share Posted August 31, 2011 all you fools own houses and have to pay tax! Moochin off my parents for life TAX FREE!Your pappy is sick of your ass already. Quote Link to comment Share on other sites More sharing options...
hollywood3586 Posted August 31, 2011 Report Share Posted August 31, 2011 In Cr-akron mine went down $10,210 HELL YEAH!! My taxes are already pretty low but that's amazing. Quote Link to comment Share on other sites More sharing options...
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