MoCo tax assessment for improvement value increases by over 50%

[Anonymous]

Anonymous wrote:MoCo has a very high rate of funding going towards section 8 and how do you think they would support that.

another Baltimore in the making. Get out before you could.

[Anonymous]

Anonymous wrote:

Anonymous wrote:MoCo has a very high rate of funding going towards section 8 and how do you think they would support that.

another Baltimore in the making. Get out before you could.

You all have a great ability to just make up things. Section 8 funding comes from the federal government.

[Anonymous]

Anonymous wrote:New tax assessment has increased by 20+ % over the last time. OK, fine.
But while assessed land value has increased slightly, the improvement value, that is the house, has increased by 54%!
The house is 30+ years old, there have been no renovations or improvements since day 1, and it’s 3 years older since the last tax assessment.
What gives? If calculation is based on cost vale, surely construction cost hasn’t gone up by 50%.
Do others see the same trend on their assessments?

Is the assessed value the same or lower than market value? If so…I don’t get the issue other than the strange way they arrived at it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo has a very high rate of funding going towards section 8 and how do you think they would support that.

another Baltimore in the making. Get out before you could.

You all have a great ability to just make up things. Section 8 funding comes from the federal government.

LOL! State contributes a portion of it too. That's why liberal states have more section 8 funding.

[Anonymous]

Anonymous wrote:

Anonymous wrote:New tax assessment has increased by 20+ % over the last time. OK, fine.
But while assessed land value has increased slightly, the improvement value, that is the house, has increased by 54%!
The house is 30+ years old, there have been no renovations or improvements since day 1, and it’s 3 years older since the last tax assessment.
What gives? If calculation is based on cost vale, surely construction cost hasn’t gone up by 50%.
Do others see the same trend on their assessments?

Is the assessed value the same or lower than market value? If so…I don’t get the issue other than the strange way they arrived at it.

Assessed values is over market value. However, I disagree that the “strange way they arrived at it” is irrelevant. There’s supposed to be a reasonable calculation of how the assessor arrives at assessed value.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo has a very high rate of funding going towards section 8 and how do you think they would support that.

another Baltimore in the making. Get out before you could.

You all have a great ability to just make up things. Section 8 funding comes from the federal government.

LOL! State contributes a portion of it too. That's why liberal states have more section 8 funding.

Local jurisdictions can also provide housing for illegals like Arlington does: https://www.arlnow.com/2024/03/04/arlington-considers-removing-immigration-status-requirements-for-low-income-housing-grants/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:MoCo has a very high rate of funding going towards section 8 and how do you think they would support that.

another Baltimore in the making. Get out before you could.

You all have a great ability to just make up things. Section 8 funding comes from the federal government.

LOL! State contributes a portion of it too. That's why liberal states have more section 8 funding.

Local jurisdictions can also provide housing for illegals like Arlington does: https://www.arlnow.com/2024/03/04/arlington-considers-removing-immigration-status-requirements-for-low-income-housing-grants/

MD does it on a much larger scale and then you wonder why Baltimore has 3.25% property tax rates.

[Anonymous]

I love Maryland but the increased property taxes plus increase in state income taxes (yes for high earners but it's a big increase) is just too much.

I thought I'd live in Maryland forever. Built the house of our dreams and this is the first time I started to think we might not make it long term if it's this expensive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Remember this when you vote in local elections in 2026. Without touching tax rates, the MoCo and MD governments bring in more revenue because our property values are up = more property taxes for them.

Yet, they still propose raising many taxes to cover the budget. Right now, the governor has proposed raising inocme taxes on the higher end taxpayers; increasing sin taxes; adding sales tax on servcices like plumbers and hair dressers, and more. Apparently the additinoal property tax revenue was not enough.

And how would that change who you vote for?
I'm annoyed my taxes are going up (and state income taxes will go up for my bracket in Maryland). However, I'm not voting for women to lose their rights to healthcare or for ICE to be allowed to raid my kid's schools. I'd like better gun control and I'd like a state and local government who doesn't agree with the felon in the White House who is saying they will lower taxes but who is actually raising them for everyone except the wealthy.

There are two types of politicians - those who are honest about tax hikes, what they are for and that they will try to be fair and those who say they won't raise taxes but do so anyway and then lie to you or blame others.

We should all appeal it because it is our right to do so and we want to ensure it's correct and fair. Our leaders need to hear our concerns. We should also be grateful we live in a county and state that are run by intelligent and empathetic leaders (yes those two works = woke for those who don't know the definition). We still have a voice on a state and local level even if it's gone on the federal level.

As Trump gets worse and tries to dismantle our democracy, we will be increasingly lucky to live in an area like this. You get what you pay for and the safety of my family is worth a lot.

2 types:

Those who are honest about tax hikes, what they are for and that they will try to be fair...

And those who get elected, because the first type would never get campaign funding from the special interests that dominate our system on either side of the political spectrum.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New tax assessment has increased by 20+ % over the last time. OK, fine.
But while assessed land value has increased slightly, the improvement value, that is the house, has increased by 54%!
The house is 30+ years old, there have been no renovations or improvements since day 1, and it’s 3 years older since the last tax assessment.
What gives? If calculation is based on cost vale, surely construction cost hasn’t gone up by 50%.
Do others see the same trend on their assessments?

Is the assessed value the same or lower than market value? If so…I don’t get the issue other than the strange way they arrived at it.

Assessed values is over market value. However, I disagree that the “strange way they arrived at it” is irrelevant. There’s supposed to be a reasonable calculation of how the assessor arrives at assessed value.

DP
And it's supposed to be uniform. My house is assessed at a significantly higher level than the identical houses next door in the same development.

[Anonymous]

I have been slammed for the past 2 years with assessments.

This is really starting to eat away at me. I have never appealed an assessment and after reading up on the process, not only is it mired in vagueness, it can also potentially come back to hit you with an even higher assessment (although I have a hard time foreseeing that happening in light of the current rates).

Is there anyone out there that can walk us ignorant folks our here on how to properly file an appeal?

[Anonymous]

Anonymous wrote:I have been slammed for the past 2 years with assessments.

This is really starting to eat away at me. I have never appealed an assessment and after reading up on the process, not only is it mired in vagueness, it can also potentially come back to hit you with an even higher assessment (although I have a hard time foreseeing that happening in light of the current rates).

Is there anyone out there that can walk us ignorant folks our here on how to properly file an appeal?

I can't walk you through it because I don't know, but I did find the following suggesting they only very rarely increase assessments in response to appeals (and that might be because the county appeals the state's assessment of a property the county feels is underassessed).
"Between 2011 and 2013, SDAT reduced assessments in 34% of appeals, raised assessments in about 1% of appeals, and made no change to the assessment in 65% of appeals."
https://www.montgomerycountymd.gov/OLO/Resources/Files/2014_reports/OLOReport20148AppealsPropertyTaxAssessments.pdf