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The Water Cooler
General Discussion
Anyone ever had their property under taxed?
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<blockquote data-quote="aking" data-source="post: 1647016" data-attributes="member: 6033"><p>Going off my long term memory and what I've experienced, they can't come back on you for back ttaxes unless you just don't pay what they are asking for. The taxable value can only go up 5% annually, but there are a few exceptions. I don't remember what they were, it's been 10+ years since I have done individual taxes. I do believe they can be reevaluated after building a house on bare property but it doesn't always happen quickly. As long as you have gotten the proper permits for the house the commissioners office has been notified. It's up to them as to when they will come check it out. I personally bought a repo house 8 years ago. I fully remodeled it and added 1000 sq. Ft. Then the county came and took a look and added $140000 to the value but the taxable value has only gone up 5% every year. They are still about $120000 under there appraised value. The last thing I would do is call and ask them to adjust.</p></blockquote><p></p>
[QUOTE="aking, post: 1647016, member: 6033"] Going off my long term memory and what I've experienced, they can't come back on you for back ttaxes unless you just don't pay what they are asking for. The taxable value can only go up 5% annually, but there are a few exceptions. I don't remember what they were, it's been 10+ years since I have done individual taxes. I do believe they can be reevaluated after building a house on bare property but it doesn't always happen quickly. As long as you have gotten the proper permits for the house the commissioners office has been notified. It's up to them as to when they will come check it out. I personally bought a repo house 8 years ago. I fully remodeled it and added 1000 sq. Ft. Then the county came and took a look and added $140000 to the value but the taxable value has only gone up 5% every year. They are still about $120000 under there appraised value. The last thing I would do is call and ask them to adjust. [/QUOTE]
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Anyone ever had their property under taxed?
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