Anonymous
Post 01/04/2025 11:14     Subject: New real estate assessment rates are released from State of Maryland

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The tax rate is staying the same, but people are mad because their property values have gone up? There's no place in the country where your property tax is not going to increase when your house increases in value. This is a dumb thread.


The point is that people are house burdened and tax rates should be lowered to help taxpayers afford staying in their homes.


Two potential options:

1. I'm sure you could find someone who will pay the increases in your property taxes in exchange for you giving up all increases in your property value when it's time to sell your house. Heck, I'll take that deal. Is this something you're willing to do?

2. You can get a reverse mortgage to help pay your property taxes.

Finally, please name a single place in this country where your property tax stays the same even as your property value goes up.

Again, this is an exceptionally stupid thread started by someone who hates Maryland because it is people complaining about something that is very, very good for them -- their property value going up. It's a truly enviable position to be in to own a home and have it increase in value, especially the dramatic increases we've seen these past few years. Many people are now priced out of homeownership, and in the face of 20% increases in property value, amounting to HUNDREDS OF THOUSANDS of dollars, people are complaining that their property value has gone up by a couple of thousand. It's hard to imagine a complaint so stupid.


Yes but the assessed value of my home is laughable. It would never sell for that. They are imposing very large tax increases by overestimating property value so they don’t have to increase tax rates. I think it’s ridiculous that you think people shouldn’t be upset by overassessment.


There is no guarantee that tax rates won’t increase in the next few years.


There is also no guarantee that lemon drops won't melt away on chimney tops in the next few years, but I have more immediate things to worry about.
Anonymous
Post 01/04/2025 08:23     Subject: New real estate assessment rates are released from State of Maryland

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The tax rate is staying the same, but people are mad because their property values have gone up? There's no place in the country where your property tax is not going to increase when your house increases in value. This is a dumb thread.


The point is that people are house burdened and tax rates should be lowered to help taxpayers afford staying in their homes.


Two potential options:

1. I'm sure you could find someone who will pay the increases in your property taxes in exchange for you giving up all increases in your property value when it's time to sell your house. Heck, I'll take that deal. Is this something you're willing to do?

2. You can get a reverse mortgage to help pay your property taxes.

Finally, please name a single place in this country where your property tax stays the same even as your property value goes up.

Again, this is an exceptionally stupid thread started by someone who hates Maryland because it is people complaining about something that is very, very good for them -- their property value going up. It's a truly enviable position to be in to own a home and have it increase in value, especially the dramatic increases we've seen these past few years. Many people are now priced out of homeownership, and in the face of 20% increases in property value, amounting to HUNDREDS OF THOUSANDS of dollars, people are complaining that their property value has gone up by a couple of thousand. It's hard to imagine a complaint so stupid.


Yes but the assessed value of my home is laughable. It would never sell for that. They are imposing very large tax increases by overestimating property value so they don’t have to increase tax rates. I think it’s ridiculous that you think people shouldn’t be upset by overassessment.


There is no guarantee that tax rates won’t increase in the next few years.
Anonymous
Post 01/04/2025 08:20     Subject: New real estate assessment rates are released from State of Maryland

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The tax rate is staying the same, but people are mad because their property values have gone up? There's no place in the country where your property tax is not going to increase when your house increases in value. This is a dumb thread.


The point is that people are house burdened and tax rates should be lowered to help taxpayers afford staying in their homes.


No guarantee that the tax rate won’t change in the next few years.

Two potential options:

1. I'm sure you could find someone who will pay the increases in your property taxes in exchange for you giving up all increases in your property value when it's time to sell your house. Heck, I'll take that deal. Is this something you're willing to do?

2. You can get a reverse mortgage to help pay your property taxes.

Finally, please name a single place in this country where your property tax stays the same even as your property value goes up.

Again, this is an exceptionally stupid thread started by someone who hates Maryland because it is people complaining about something that is very, very good for them -- their property value going up. It's a truly enviable position to be in to own a home and have it increase in value, especially the dramatic increases we've seen these past few years. Many people are now priced out of homeownership, and in the face of 20% increases in property value, amounting to HUNDREDS OF THOUSANDS of dollars, people are complaining that their property value has gone up by a couple of thousand. It's hard to imagine a complaint so stupid.


Yes but the assessed value of my home is laughable. It would never sell for that. They are imposing very large tax increases by overestimating property value so they don’t have to increase tax rates. I think it’s ridiculous that you think people shouldn’t be upset by overassessment.
Anonymous
Post 01/03/2025 22:24     Subject: New real estate assessment rates are released from State of Maryland

Anyone assuming these assessments are correct is an idiot. SDAT sucks and everyone knows it.
Anonymous
Post 01/03/2025 19:14     Subject: New real estate assessment rates are released from State of Maryland

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:If you don'th like it, you are free to leave the state. Personally, I like it when my property value rises

I’m
Sorry, my property value did not go up 30% like the assessment claims. Everyone I’ve talked to got a 30% increase.


Cool, well now you've talked to me. Mine went up 15%.


Good for you. Doesn’t change the fact that these are crap estimates.


Says you because you don't want to pay your taxes.


Nope, no problem paying taxes on property properly assessed.
Anonymous
Post 01/03/2025 19:11     Subject: New real estate assessment rates are released from State of Maryland

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:If you don'th like it, you are free to leave the state. Personally, I like it when my property value rises

I’m
Sorry, my property value did not go up 30% like the assessment claims. Everyone I’ve talked to got a 30% increase.


Cool, well now you've talked to me. Mine went up 15%.


Good for you. Doesn’t change the fact that these are crap estimates.


Says you because you don't want to pay your taxes.
Anonymous
Post 01/03/2025 19:10     Subject: New real estate assessment rates are released from State of Maryland

Anonymous wrote:
Anonymous wrote:Property tax assessments should only be done once every 10-20 years. Who gives a crap what a home is worth on paper. I can't live in fake wealth on paper. Homes are a place to live, they're not the stock market. Constantly increasing taxes on housing creates instability for shelter. Awful. They're just numbers on paper while people need actual places to live.


Or at least do it every 4 years, as is done in Virginia, not the current 3 year assessment period in Maryland.


Almost every VA jurisdiction does it every year to 100% market value, and there’s no phase in on increases like in MD. Some small cities/counties only re-assess every few years.
Anonymous
Post 01/03/2025 19:10     Subject: New real estate assessment rates are released from State of Maryland

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:If you don'th like it, you are free to leave the state. Personally, I like it when my property value rises


Sorry, my property value did not go up 30% like the assessment claims. Everyone I’ve talked to got a 30% increase.


How do you know?


I’ve been tracking the value pretty closely recently in consultation with a real estate agent. She agrees. Hoping the appeal goes well.