Anonymous wrote:

Anonymous wrote:

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.

Wait until you find out about rent.

I'm a landlord in MoCo. I'm not eating the increased tax bill - of course I'm passing it on to my tenants next time they renew their lease. If MoCo was really serious about affordable or attainable housing they would consider how this will increase rents in the county. It just proves that this upzoning AHS is just a money grab to increase the tax base.

Building housing makes housing more attainable than letting landlords charge monopoly rent-seeking.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They’ve had to increase tax rates on residential properties because office values have declined significantly in the past four years.

This thread is about residential property values increasing. It's not about tax rates. It's not about office property values. It's about increasing residential property values.

They are required by state law to be 100% of market value.

And people seem to be upset about this. THE VALUE OF MY PROPERTY IS INCREASING, BOOO! BOOOOOOOOOO!

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

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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.

If you live in Montgomery County or PG County, and you live within a town/city in these counties, you are paying both city and county property taxes. It adds up when you are just trying to stay in your home and not profit off selling your house. STFU.

Yes, because you are receiving both city and county services.

In a lot of cases, you’re receiving city services instead of county services, but you’re still paying the county as if you’re only receiving county services because the county has been delinquent in reimbursing municipalities for services they provide. In effect, by living in a municipality, you’re paying twice (the municipality for providing the service and the county just because it can make you pay).

If you don't like paying property taxes to the municipality, you shouldn't buy property in the municipality. Or, if you already own property in the municipality, you should sell it. If you didn't know about the property taxes or the municipality before you bought the property, you didn't do your due diligence.

That’s a ridiculous solution to the county not fulfilling its obligation to reimburse municipalities. Reimbursement is actually the law but sometimes the county just decides to default: https://codelibrary.amlegal.com/codes/montgomerycounty/latest/montgomeryco_md/0-0-0-137859

Anonymous wrote:

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.

Wait until you find out about rent.

I'm a landlord in MoCo. I'm not eating the increased tax bill - of course I'm passing it on to my tenants next time they renew their lease. If MoCo was really serious about affordable or attainable housing they would consider how this will increase rents in the county. It just proves that this upzoning AHS is just a money grab to increase the tax base.

Anonymous wrote:

Anonymous wrote:

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.

Wait until you find out about rent.

+1. Can you imagine if someone said that their rent should only go up every 10-20 years because people need a place to live? Truly laughable.

There are people on NYC who haven't seen a tent increase in decades.

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.

Wait until you find out about rent.

Anonymous wrote:

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.

Wait until you find out about rent.

+1. Can you imagine if someone said that their rent should only go up every 10-20 years because people need a place to live? Truly laughable.

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.

Wait until you find out about rent.

Anonymous wrote:Has anyone ever successfully appealed? According to the assessment our house has gone up almost $500K since we bought it in 2018…. That’s insane!

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.

Wait until you find out about rent.

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.

+1

Anonymous wrote:

Anonymous wrote:I live in east county and the county thinks the value of my home has gone up. A similar house in the neighborhood sat for over 2 months before selling way below the assessed value. I bought this house 14 years ago for $500k and my taxes were under $5k. Today they say my house will selll at 900k and my taxes are almost 11k. The recent sale in my neighborhood sold for $695 but was assessed at $810k. County just making shit up.

1. The state assesses your property values, not the county.
2. If you think the assessment is wrong, you can appeal.

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.