USE VALUE ASSESSMENT COMPARED TO TAX RATES
2011 MARKET VALUE
2011 USE VALUE
$355,080
$ 32,200
2011 TAXES 32,200x.00279= $ 89.84
2013 MARKET VALUE 2013 USE VALUE
$205,240 $ 32,200
2013 TAXES 32,200x.0036= $115.92
29% TAX INCREASE
8/31/2011 copyright 2006 Free template from brainybetty.com ALL RIGHTS RESERVED. 2
HOUSE EXAMPLES
2007 VALUE $119,810 2011 TAXES $334.27
2007 VALUE $1,448,200
2013 VALUE 1,200,000
2011 TAXES $4,040.78
2013 TAXES $4,320 +6.9%
2013 VALUE $118,210
2013 TAXES $425.56 +27.3%
2007 VALUE $337,990 2013 VALUE $300,830
2011 TAXES $942.99 2013 TAXES $1,082.99 +14.8%
HOUSE EXAMPLES
EXAMPLE A 2007 VALUE $1,034,460 EXAMPLE B 2007 VALUE $560,230 2011 TAXES $1,563.04 2013 VALUE $350,000 2013 TAXES $1,260,000 -24%
2011 TAXES $2,886.14
2013 VALUE $733,000
2013 TAXES $2638.80 -9.3%
PROS & CONS OF 2013 REVALUATION
PROS EQUALIZATION OF VALUES VALUES ADJUSTED TO MARKET CONDITIONS KEEP REVALUATION CYCLES SHORT KEEP POLITICAL OPINIONS OUT OF ASSESSMENT CONS LOW SALES VOLUME UNQUALIFIED SALES AT 54% ALL PROPERTY TYPES DON’T HAVE SALES COMMERCIAL SALES NEAR NONEXISISTENT SCHEDULE VALUES HARD TO DEVELOP THE PROCESS WOULD CREATE MORE QUESTIONS THAN ANSWERS TAXES WOULD RISE IN ALL CLASSES OF PROPERTIES AT DIFFERENT RATES APPEAL PROCESS WOULD BE PROLONGED
PROS & CONS OF 2015 REVALUATION
PROS TIME FOR ECONOMY AND SALES TO RECOVER MORE PROPERTY TYPES SELLING SCHEDULE OF VALUES WOULD BE BETTER TO DEFEND COUNTY IS MANDATED TO DO REVALUATION IN 2015 EXCEPT FOR LAND ACREAGE, LOTS AND EXCLUSIVE 2ND HOMES REVALUATION IS NOT NEEDED UNTIL 2015 ALL PROPERTY TAXES WOULD BE STABLE UNTIL 2015 CONS ECONOMY WOULD STAY FLAT WITH LITTLE CHANGE IN SALES SPECULATIVE LAND AND EXCLUSIVE HOMES WOULD STAY AT CURRENT VALUES COUNTY WOULD BE BACK ON EIGHT YEAR REVALUATION CYCLE AND WOULD THEN NEED TO EXAMINE THAT IN THE FUTURE