MoCo Property Tax Increase this Year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:and we won't get any improvement in services.

Improvements? Are we getting ANY service now?

Yes. Roads get built and paved, school teachers get hired (and school teachers need pay increases to keep up with inflation, just like you do), new community centers get built (e.g., new indoor pool opening in silver spring soon), and countless other things. If you’re a hermit and stay inside everyday with no kids, these might not be things you notice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:and we won't get any improvement in services.

Improvements? Are we getting ANY service now?

Solid schools, nice parks, decent trash/recycling, fire/police, roads aren't falling apart (at least near me).

No concierge, alas.

The rec department is providing awesome services: affordable summer camps, great sports leagues (my kids do karate and flag football), decent pools. I'm also pretty happy with my kids' school. I feel like I'm getting my money's worth.

[Anonymous]

Anonymous wrote:Property values are way up, in case you missed the memo. Are you really surprised that your tax bill is going up? The increases above actually sound pretty modest compared to how much property values have increased.

The rate went up 8% regardless of the house value. And each house is assessed every 3 years, not annually. So 2/3rds of the houses went up without any concern for the market value. The other third gets clobbered by both market value and the rate increase. Try reading the memo yourself.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Property values are way up, in case you missed the memo. Are you really surprised that your tax bill is going up? The increases above actually sound pretty modest compared to how much property values have increased.

The rate went up 8% regardless of the house value. And each house is assessed every 3 years, not annually. So 2/3rds of the houses went up without any concern for the market value. The other third gets clobbered by both market value and the rate increase. Try reading the memo yourself.

But I just want to kvetch on DCUM!

[Anonymous]

Anonymous wrote:

Anonymous wrote:and we won't get any improvement in services.

Improvements? Are we getting ANY service now?

Yes more diversity!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:and we won't get any improvement in services.

Improvements? Are we getting ANY service now?

Yes more diversity!

Your MAGA hat is too tight.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Property values are way up, in case you missed the memo. Are you really surprised that your tax bill is going up? The increases above actually sound pretty modest compared to how much property values have increased.

The rate went up 8% regardless of the house value. And each house is assessed every 3 years, not annually. So 2/3rds of the houses went up without any concern for the market value. The other third gets clobbered by both market value and the rate increase. Try reading the memo yourself.

OK so there was an increase that wasn't attributable to the market value -- it was 4.7% not 8%. The rest is attributable to market value. Whatever people are complaining about that is more than 4.7% above what they previously paid is attributable to rising property values.

Just to use an example, if someone's prior tax was $10,000 per year, the increase took it to $10,470. If it went up more than that, it's because their property value went up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Property values are way up, in case you missed the memo. Are you really surprised that your tax bill is going up? The increases above actually sound pretty modest compared to how much property values have increased.

The rate went up 8% regardless of the house value. And each house is assessed every 3 years, not annually. So 2/3rds of the houses went up without any concern for the market value. The other third gets clobbered by both market value and the rate increase. Try reading the memo yourself.

Can you explain this? Why did the rate go up 8 percent regardless of house value? I thought the percent increase is based on the market value of the house?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Property values are way up, in case you missed the memo. Are you really surprised that your tax bill is going up? The increases above actually sound pretty modest compared to how much property values have increased.

The rate went up 8% regardless of the house value. And each house is assessed every 3 years, not annually. So 2/3rds of the houses went up without any concern for the market value. The other third gets clobbered by both market value and the rate increase. Try reading the memo yourself.

Can you explain this? Why did the rate go up 8 percent regardless of house value? I thought the percent increase is based on the market value of the house?

MoCo reassesses home values every three years regardless of year to year market fluctuations.

If the value of your home was $1,000,000 the tax increased 4.7%. If you are in an assessment year, your home value may have gone from that $1,000,000 last year up to, say, $1,200,000 and you're paying tax on that new value - including the 4.7% increase.

[Anonymous]

People hate when their home value goes up, right.

Think of the killing you'll make some day, whenever you sell. Our home, bought in 2000, has more than tripled in value, so I am not complaining about my property taxes going up

[Anonymous]

Anonymous wrote:People hate when their home value goes up, right.

Think of the killing you'll make some day, whenever you sell. Our home, bought in 2000, has more than tripled in value, so I am not complaining about my property taxes going up

But they raised the rate at same time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:People hate when their home value goes up, right.

Think of the killing you'll make some day, whenever you sell. Our home, bought in 2000, has more than tripled in value, so I am not complaining about my property taxes going up

But they raised the rate at same time.

Triennial assessments are independent of rates.

[Anonymous]

MoCo doesn't conduct assessments. The state does.

[Anonymous]

Given that the entirety of the last 3 years have been absolutely bonkers with home sale prices, this next assessment is going to be shocking to many.