My new proterty tax asessment arrived Saturday!

[BiggSeth]

We were prepared to fight the assessment, as the last one was about $45,000 too much. It raised my property taxes/total mortgage payment by about 300/month.

well, this one is much, much lower.....

Original purchase price/appraisal in 2/2006 $339,000

assessment value up until 1/1/10 $294,000

home value as of 8/2009 $250,000

new property value assessment as of 1/1/10 $211,000!!!

I am now wondering how it could change by $83,000? Was I being robbed before?

I guess this is GOOD in the sense my mortgage total monthly payment will go down, but so has the value of my property....

[Lucas718]

I guess the best way to look at it is that it really doesn't matter unless you're planning to sell right now. If not, enjoy the lower payments.

[com6063]

It may not mean that your tax bill will go down, I should warn you. You won't really know what is due until you get the bill in July.

[galerie]

got mine saturday too, mine went from 265,000 to 210,000. Hopefully the taxes will go down also