Damn you Mecklenburg County Assessors Office!!!

[zebrainz]

charmeck link

3) Market Characteristics

Most property values are derived from recent sales of comparable properties. The Assessor’s Office reviewed all sales across the County for the last several years, and even further, when sales were scarce.

*also from the same page, for info*

**NOTE 2011 RESIDENTIAL PROPERTY VALUES WILL BEGIN DISPLAYING ON WEDNESDAY, FEBRUARY 9, 2011**

Looks like they are including the real estate bubble in their value for properties, not an actual value you could currently get with a sale. Very few sales on my street these past couple of years. They used to let you contest their valuation if you thought it was too high. I'll see what mine does. If it goes up more than 10%, looks like I'll have to see if they will still allow it. *sigh*

[pstall]

90k + for me...o m g

[Cat]

90k + for me...o m g

jesus christ! If only we could sell right now for as much as they are saying it's worth!

I've lived in my house for 2 years. My tax value is now 35K more than what I paid for it (foreclosure). Shouldn't I be able to sell it for more than the tax value? I highly doubt I couldn't move it for tax value with this market.

[SCP]

Damn I love living in SC.

York Cty FTW

[pstall]

this just drives me crazy about govt's not knowing how to get revenue the smart way

[Skew]

Sold my house Oct 24. Taxes paid at closing and by the motgage company. Still waiting on my refund. As of last Wed., they still have not written the check.

Bastards.

[natty]

fug me, my house went up 110K. About 60K more than I paid, and that was just under a year ago. wtf.....

[pstall]

and with folks credit being down and banks being tight. try to get an equity line that is similar..jackasses

[Wither]

property taxes are such a crock of crap anyway! Why should my taxes go up because I choose to improve my property? Finish the basement, taxes go up. Build a deck, taxes go up! Sell me a damn piece of property and tax me on those bases...and be happy I choose to improve my property and my neighborhood!

Then you raise an even better question: why have property taxes in the first place?

[Zaximus]

This sucks. Mecklenburg was always bad for taxes and this is why most people moved to Union County or outside of Charlotte. I know not too long ago Union re-evaluated us and it put us closer to Meck, but now it looks like Meck is back in the lead of high taxes. It's a really bad time to impose such a thing on people, but the city has to pay for the DNC/trolley somehow guys!

The only way this effects the sale of your house though is people not wanting to pay all those taxes (which is a huge problem though). I believe the way people come up with a value on a house is comparing what the rest of the "area/neighborhood" homes have sold for, not on tax value.

Glad I don't live in Meck. right now.

[TarPanther9180]

so you can pay someone elses property taxes?

Should have said one of the reasons.

When renting, I'm not bound by that debt. Plus, I don't have to pay for heating and/or AC when it breaks, move whenever I want (don't have to wait for house to sell), and if I sign a long lease (3 or 4 years), I won't have rent increase due to their inevitable property taxes increasing.

[Kitten Diver]

Pretty sure my house tax value went up since the last tax assessment. Still it came in slightly less than what I paid for it a year ago. Having them adjust for upgrades would just raise my taxes right? The only thing that matters for selling is the bank appraisal and competitive market value amIright?

[Carolina Husker]

If I close on a house March 31 does this affect me retroactively for 2011 or do I pay on next year's return?

[Kitten Diver]

If I close on a house March 31 does this affect me retroactively for 2011 or do I pay on next year's return?

You will pay for both years.