Quote:
Originally Posted by LIforrelaxin
Tummy Man,
While I understand your fears of education funding, I don't believe the state will flub that one again. That went over like a lead brick the last time and I think they learned a leason. I would believe that next year there will be a eductation funding bill filed to take care of that.
Now as for the wild swings you mention in valuation you mention personally I have not seen this ever. Our dwelling has always remained constant, the onlything that has ever changed is the Valuation of our property. Considering We have had property sell on our road every single year for the last 4 or 5 years I can't see that our property valuation is in for any type of swing. Every time I here of this happening I generally find that what has happened is that Vision has gone in and done on site evaluation that have not been done. What is documented to be on a persons lot and what is there doesn't always match. We had a guy out about 10 years ago to look at our place, and he looked around and asked us a couple of questions like... you have a little more work to do to finish your kitchen don't you.... we said Yep..... he asked us if we had any plans of finishing off a loft space, we said Yep..... he then said well I will tell you what I can note all that in my apprisal and take it into account now, or we can do it the next time we come out. Because we knew we where doing the work we said fiqure it in now...Guess what about 5 years ago a guy came out evaluated the property took 5 or 10 mins, and said it doesn't appear much has changed I think you guys are all set. In short the reason people see drastic swings is because they make changes. This doesn't have to be expanding the house, or even doing anything on the inside. If you landscape your lot, adding a small shed, putting in a new articulating dock, etc. these things will all impact your evaluation. They all add value to your property. Hence I will never put in a wonderful lawn, I will keep my nice sandy yard.
Although the selling of property in your area has an effect on your homes value, it doesn't cause drastic changes to the Values of other peoples property as much as people think. Property values do not make being swings year to year.... they go up over time for sure. And that is what happend in the lakes region the prices went up rapidally over 10 years. Much of this was do to the fact that many properties where grossly under valuated in the 80's.......
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No offense LIforrelaxin, but I think I hear political obfuscation with your observation.
I think you said it yourself, you were making changes, and the vision guy put down that these changes were already done, hence no big new assessment.
"I can note all that in my apprisal and take it into account now, or we can do it the next time we come out. Because we knew we where doing the work we said fiqure it in now.. " What are you trying to say with this post, that if we gradually improve the property and tell the appraisers what we are doing, we won't see major spikes in our taxes? Ahhh Duhhh, that goes without saying.
Also the fact that you have had sales in your area every year means there are no big surprises.
"Considering We have had property sell on our road every single year for the last 4 or 5 years I can't see that our property valuation is in for any type of swing. "
Once again ahhh duhhh. I think that is what tummyman said. I'm glad you are content in paying higher taxes, gradual as they may be. I am not!
Although Moultonborough's assessment of my property went down, I am not impressed by this valuation technique. Thanks Tummyman for the clarification. Unfortunately we have 2 macmansions for sale on our point and neither has sold in the past 2 years. Oh Gawd, what will the taxes be when they are finally sold?
