The officials said that 90 to 95% of the city would not increase its taxes. Is this true? We can only tell once we see the tax bills. All we can do for now is to be prepared.
City Assessed Value Vs. Market Value
The average price of the city has dropped by $10,000, based on their city assessed value. City assessed value is different from market value. Market value is much more tied to the actual value that someone is willing to pay for your house, not what the city is assessing.
Citizens will pay taxes based on city assessed value. Understanding that difference, you have to make sure that you know what the market is doing around your property. Usually, the amount of your property value is far from your city assessed value.
Until March 23, 2021, taxpayers have to review their property’s city assessed value and make a dispute if needed. You can talk to the city to figure out that value and accomplish your payments no later than June 30, 2021.
In the meantime, if you are wondering and trying to figure out what your home is worth, we can help you out. Send us an email at email@example.com, and we will assign an agent to talk to you and attend to your specific questions and concerns.
When you email us, we will set you up for home beat. A home beat is a monthly report sent in your email to give you the sold comparables and your property’s active comparables.
All we need for that is your email address, the home address that you want to get your home beat set up on and the square footage plus the home style.
We will input your information into our system to generate a report specifically for your property. The report will show you precisely what is happening with homes compared to yours.
We will wait for your email, and we look forward to helping you in any way we can.