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The Water Cooler
General Discussion
Property Taxes
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<blockquote data-quote="Podman" data-source="post: 3057061" data-attributes="member: 15125"><p>Let's say the rate they charge is $100 per $1000 of evaluation. So the house is valued at $100,000. The assessment comes at 10% or</p><p>$10,000. So the tax bill is $1000. Even if they knock off $5000 on the $100,000 and you get $95,000 you only save $50 off your tax </p><p>bill. So final tax bill is $950. If your protest is successfull, which I doubt it will be, you save a whopping $50 bucks! This whole</p><p>ad valorem is just another tax racket cooked up by the politicians. They raise the rate every now and then and most people don't</p><p>even notice or care and the tax just keeps going up to finance their pet projects.</p></blockquote><p></p>
[QUOTE="Podman, post: 3057061, member: 15125"] Let's say the rate they charge is $100 per $1000 of evaluation. So the house is valued at $100,000. The assessment comes at 10% or $10,000. So the tax bill is $1000. Even if they knock off $5000 on the $100,000 and you get $95,000 you only save $50 off your tax bill. So final tax bill is $950. If your protest is successfull, which I doubt it will be, you save a whopping $50 bucks! This whole ad valorem is just another tax racket cooked up by the politicians. They raise the rate every now and then and most people don't even notice or care and the tax just keeps going up to finance their pet projects. [/QUOTE]
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