Fred Griffin Florida Real Estate, Licensed Florida Real Estate Broker (Fred Griffin Real Estate)

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Rainer
154,571
Ken Jones, Commercial Real Estate
Kenneth J. Jones, Inc. - Toms River, NJ

Fred Griffin Tallahassee Real Estate Seems like your question is being asked elsewhere, as well. From Foxnews.com,they're reporting on the exact same issue.

The People's Republic of New Jersey hasn't really put this subject up for discussion, just yet. But, with the highest real property taxes in the United States, I'm sure they don't want to lose any ground to any other state; an increase in all 567 municipalities is widely anticipated.

Jul 13, 2020 03:23 PM
Rainmaker
1,722,805
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

They can wish to raise the taxes but you can't get blood out of a turnip. We are taxed & maxed out here in IL. Everyone is in the same boat.

The only bonus we've had is that we've sold billions in legal marijuana since we began selling it.

Jul 13, 2020 03:52 PM
Ambassador
3,272,212
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Fred I have a feeling that isn't going to be happening in my area.  Our area is still growing it's economy a lot and so many new construction projects are in the work both commercial and residential.  People are moving here for a welcome tax relief....just staying.

Jul 13, 2020 03:35 PM
Ambassador
3,055,415
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

They go up every year.  If voters vote to get rid of prop 13 - they will go up so high many won't be able to pay them. 

Jul 14, 2020 06:46 AM
Rainmaker
453,752
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

In Maryland , I don't know many politicians who don't love increasing taxes outside of our REALTOR Gov. Larry Hogan

Jul 14, 2020 04:50 AM
Rainmaker
535,226
Steven Nickens
Wailea Realty - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Fred on avacation rentals I believe it went up, waiting for my new tax bill. Problem is all the rentals are empty on Maui.

Jul 14, 2020 12:27 AM
Rainmaker
1,387,023
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

They'll go up, I'm sure.  In California thankfully they're capped as to how much they can go up.

Jul 13, 2020 10:30 PM
Rainmaker
701,402
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

I'm sure they will go up but to what degree is the question.

Jul 13, 2020 06:20 PM
Rainmaker
1,229,334
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Ours goes up annually.
Beyond that, no crystal ball.

Jul 13, 2020 05:44 PM
Rainmaker
2,079,359
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Nope... already reducing any duplication of services and operation lean and mean to survive and come out of the other side of this. We live pretty frugally individually and as communities in Maine. Plus our local economy is busy and productive. 

Jul 13, 2020 04:56 PM
Rainmaker
910,621
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Residential property values have remained strong.

I have not considered the impact on commercial values but it does seem like many will be declining in market value and, perhaps, assessed value.

Jul 14, 2020 08:11 AM
Rainmaker
4,208,195
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

In Illinois and Chicago you can bet all taxes go up ad pray they don't tax you out. By the way, services go down!

Jul 14, 2020 07:34 AM
Rainmaker
3,331,174
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Here in NH there is no sales or income tax. Our property values are increasing sharply. We are due to be re-assessed next year.Property taxes only seem to go up. 

Jul 14, 2020 05:28 AM
Rainmaker
888,747
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

THE RATES will be adjusted (tweaked upward) to keep reveue level and keep police dept funded and fire dept operational. So the appearance will be no increase. However, when the recovery comes, they will be awash in taxpayer dollars. 

Watach for every imaginable revenue augmentation tool to be enabled behind the curtain.  If you are a busienss owner. understand, you are the target. I am waiting for all this social tracking software to be able to indentify everyone near the scene of a crime who did not call 911 to be fined for not being a good citizen.  That CAN happen in NYC.

Jul 14, 2020 05:10 AM
Rainmaker
1,404,189
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Well, they do think most of us have deep pockets!

Then when will be the tax revolution!

Jul 14, 2020 04:42 AM
Ambassador
3,038,920
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

 I expect a shortfall this year, but  not really much. Property values are certainly increased.

Jul 13, 2020 07:18 PM
Rainmaker
6,605,418
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Always up. They need the revenue.

Jul 13, 2020 05:01 PM
Rainmaker
129,638
sandy straley
Rindlesbach Homes - Salt Lake City, UT
Selling Homes for over 40 Years

Yes I am sure there will be tax increases.  I would like to see a fair tax increase.....Also our property taxes are based on the mil levy and so our representatives will adjust this according to how much money is needed.  Our  representatives did this during 2006 and 2007. . . not fair for property owners.  Also I am sure some necessary programs will not be funded. . .  

 

Jul 13, 2020 03:20 PM
Rainmaker
2,641,482
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Anything that helps a person dig their way out of a hole is considered. I want to believe that tax for existing home-owners will only change upon sale

Jul 13, 2020 03:18 PM
Rainer
317,455
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Retail is not coming back to big malls. Small kiosks, ice cream push carts and pop up vendor situations without rents will blossom. Office also will suffer- tenants wont return to large spaces they only need a conference room and most can work on kitche table with two monitors... office becomes condo, small residential and cheap housing become desireable.  The counties won't automatically reduce taxes. People will need to apply to reduce taxes and fight with county providing appraisals or BPO as the county won't let grandma pay less without a hassle. 

Jul 15, 2020 12:23 PM
Rainmaker
991,125
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

If assessed values keep rising rates usually decline. If values decrease rate tend to increase.

Jul 14, 2020 10:32 AM
Rainmaker
600,170
Ernie Steele
Berkshire Hathaway HomeServices Homesale Realty - Lebanon, PA
Call me, let's get started!!! 717-273-3774

Here in Pennsylvania where I am, schools are funded by local property taxes...The total population of my County is about 140,000 residents BUT we have 6 schools districts that all operate independently and ALL charge different millage rates... FYI, an average priced home in the County at $200,000 will have an annual School Tax in the neighborhood of $2500.00 or so on top of the Municipality Tax ($300-400)  and the County Tax ($500-600)...We also have a Local Income Tax and State Income Tax...In my municipality, I also pay a fire hydrant tax and a street lighting tax and a $52 a year "privilege to work" Tax...Now, I know many of you live in much larger cities and counties but the average household income in the city (not County) here is around $50,000... What I'm seeing in the last few years is older, retired, residents having to sell because they can't afford to pay the taxes any longer and it's a shame.

Jul 14, 2020 10:28 AM