Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED (HomeSmart)

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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Allowed? 

     I believe that it is our RIGHT to protest, thank you.

 

Apr 26, 2023 02:48 PM
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

I helped land clients reduce their property taxes by 95.3%. There is no reason NOT to protest taxes.

Apr 26, 2023 05:55 PM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I went through the appealing process of tax assessing. The assessor called me and we shared comps stating, look, why waste time with you submitting yours and me submitting mine. Let's agree now on what is fair. We did. A person has nothing to lose by protesting however, be ready to factually defend your position.

Apr 26, 2023 02:27 PM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Of course, I have advised my clients for 20 years to always challenge their property taxes. The county in recent years has put a cap on how much taxes could go up to try to offset the flood of challenges that come every year.

Apr 26, 2023 01:50 PM
Rainmaker
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Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

You have access to the comps to support a protest, why not? I always do and have been successful most of the time. 

Apr 26, 2023 05:35 PM
Rainmaker
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Steve Higgins
RE/MAX Kelowna - Kelowna, BC

If you don't feel it's not fair then, there is no reason not to protest them.

Apr 26, 2023 06:30 PM
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Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Why not challenge them? Be the one to help them challenge their city/county. There are hundreds of thousands who do NOT do it; don't worry, the local government will get their pay raises!

Apr 26, 2023 09:06 PM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Absolutely, Shane! When the market declines and property values are worth less, asking the county to re-assess is reasonable.

Apr 26, 2023 06:45 PM
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Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Interesting thoughts.  Me thinks a storm is coming.

Apr 26, 2023 04:11 PM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Willing is one thing, Shayne Stone, and winning a protest is another. 

Many in my area did just that as their home values declined during the short sale era. It takes time. In my opinion, it is worth the time even if the results are not favorable.  

As for those that paid more, why they paid more, it is what it is. The sold price set the new value. That is the way the system works.

Apr 27, 2023 07:22 AM
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I usually do Shayne Stone but this year I am filing for the reduction I can get for being an old fart.

Apr 27, 2023 06:24 AM
Rainer
413,146
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I think it’s on a case-by-case scenario.

Apr 26, 2023 07:21 PM
Rainmaker
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Sean Gilliam
LoKation Real Estate - Longmont, CO
Real Estate on the Front Range

I review mine just in case, but usually it's close enough that it doesn't justify protesting.  I did help a neighbor protest and the county reduced the value of his home by $174,000!  He was a happy camper.  

Apr 26, 2023 07:11 PM
Rainmaker
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Eileen Burns 954.483.3912
Trans State Commercial RE Ft. Lauderdale/Miami/Palm Beach - Fort Lauderdale, FL
FLorida Real Estate Connector

I did once!  I live in a condo and was told the higher the floor, taxes automatically go up $10K per floor.  Lost the case during covid .  Not understanding why taxes are all over the the place in the same complex.

 

Yes, we pay taxes in arrears and the taxes adjust based on the purchase price the following year.  However, condition should play a higher role in the process.  We are all not the same when it comes to capital improvements

Apr 27, 2023 07:48 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

When active all properties were considered for protest but only a small number were protested. Sometimes a protest leads to a worse conclusion. Remember, taxes are determined by politicians.

Apr 27, 2023 04:37 AM
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Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I don't, but I think my Mom is doing it.  Not sure how much credit she will get, but she sure is putting in a lot of work to protest it.

Apr 27, 2023 04:26 AM
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Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Many folks did here in AZ after the mess of 2008 to 2011.  Home prices were sky high from 2003 to 2006.  Taxes had to be adjusted - which they were. 

Apr 27, 2023 11:06 AM
Rainmaker
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Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

You can complain but it will not help. The government will find a way to spend spend spend

Apr 27, 2023 09:49 AM
Rainmaker
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Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Yes because the tax value is not the same as market value. In our area the way taxes are measured is just madness. Many people protest their taxes on every reassessment year (3).

Apr 27, 2023 08:21 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I used to all the time, and counsel clients they should too.   Our assessor is getting better, and rarely has adjusted the amount in a few years.

Apr 27, 2023 07:48 AM
Rainmaker
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Property tax, I guess, is what you are describing.

The laws surrounding property tax vary among the states.

In California, Proposition 13, passed years ago by voter initiative capped the assessed value of real estate at 1% of the purchase price for the purpose of property tax levies with a cap of 2% of the tax yearly for annual increases.

This law has been very beneficial for those who stay in their homes for a long time. 

Of course, with property values having grown substantially over the years, new owners will pay a far higher amount than  long-time owners.

I do not think that protesting property tax amounts is a big deal here.

Apr 27, 2023 06:31 AM
Rainmaker
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Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

If their property values are incorrect then yes. We have a reassessment every 4 years. Next year will be one and I do think assessments will be much higher and we'll hear people complain. There's a system in place for contesting your value and I'm sure some people will try it. Many will call their agent to find out if the values are in line.

Apr 27, 2023 05:45 AM
Rainmaker
569,022
Shayne Stone
HomeSmart - Fulshear, TX
"Your Rock Solid Choice Realtor" RETIRED

I'm thinking to help stop this bitching about house values for property taxes!

 

Let's forget about house market values and simply pay property taxes based upon the Purchase Price for as long as we live on property...

 

Apr 27, 2023 05:40 AM
Rainmaker
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David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

If you think they are to high then yes protest, we recommend our clients get an up to date appraisal that they can submit to suport their argument. We have had a lowering of town appraisal value as a result of this.

Apr 27, 2023 04:51 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I did once, back in the 90's.

They reassessed our twp, long lines of unhappy people showed up, nothing changed other than a new set of twp council members at the next election.

Apr 26, 2023 05:50 PM
Rainmaker
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Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I agree with John Juarez as we are protected from rapid increases and have limited increases in CA. 

One item of note-- during the mortgage meltdown (around 2009 or 2010) the county assessor in my county (Santa Clara) did a blanket reduction assessment of most residential properties.  It was a lot cheaper than litigating each challenge to assessment one by one.  

Apr 27, 2023 02:44 PM
Rainmaker
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Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

There is an appeal process here if someone wants to contest their property taxes but I have never used it since we have homestead and increases are capped. Property taxes here are based on the taxable value of the property which can be much less than market value and/or appraised value. Those who signed appraisal waivers and paid above market can certainly appeal when the tax bill arrives but their agent should have advised them prior to signing of the perils and pitfalls.

 

Apr 27, 2023 01:35 PM
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

I always recommend challenging your taxes whenever it comes up, if for no other reason than to make sure they know that they can't raise your taxes with impunity.  At least they know you're paying attention.

Apr 27, 2023 09:44 AM
Rainmaker
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Roy Kelley
Retired - Gaithersburg, MD

Property owners should not hesitate to appeal if the assessments are too high. 

With the higher home values, owners also need to check their insurance policies to make sure the coverage is adequate.

Apr 27, 2023 11:05 AM
Rainmaker
687,645
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

In Oregon law allows only 3% increase per year in property taxes.  The real market value is way over this figure on many homes, so no one should be really complaining.

Apr 27, 2023 05:08 PM
Rainmaker
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Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No. Waste of time in most cases. Ours are usually in ballpark of what we think is accurate.

Apr 28, 2023 06:57 AM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I have a couple of times and both times it work out but now I think they are fair.

 

Apr 28, 2023 10:24 AM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Protest? 

I live in Los Angeles hood where the average price of the home =$ 1mln  and we just got an additional property tax for homes over $5mln. No complains. Everyone seems to be fine. 

Apr 29, 2023 11:20 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

me personally no, do I help past clients, yes I do.  I don't want the tax folks to not be my friends.

Apr 29, 2023 02:15 PM
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