It almost makes me want to sell my house now, rent an apartment, wait for
the correction, and then find myself a deal on the water. That would make
the most sense. Of course, in Naples, the housing market hasn't made sense
for about 5 or 6 years now. They're still reporting housing prices
increasing 20% last year again. My house's appraised value is up almost 50%
since Jan. '01. That's nuts.





"Gould 0738" wrote in message
...
How about a $250, 500, or $750 increase when their 4% 3-year ARM hits 8%
in
5 years?

Exactly. Many of those folks will be trying to dump the house they own
and
move to a *cheaper* one, not bid prices up.

On Sun, 07 Sep 2003 03:33:09 GMT, "NOYB" wrote:

My house's appraised value is up almost 50%
since Jan. '01. That's nuts.

My county appraisal went up over 40% last year.

The effect of these sharply escalating prices is to make one a captive
of the house they currently own. If I sell my house, and buy a house
of equal value, in the same city, my taxes will go up by about 300%.
I'm fortunate that I live in a house I don't mind staying in, and that
I happen to own two houses in the same neighborhood, but the situation
is rediculous.

Is it really fair that the person who buys the house next door to me
pays 300% of the taxes I pay, and receives the same services for it?

bb

My house's appraised value is up almost 50%
since Jan. '01. That's nuts.

My county appraisal went up over 40% last year.

Many people feel that state and local taxes are rising faster than federal
taxes are falling.

"Gould 0738" wrote in message
...
My house's appraised value is up almost 50%
since Jan. '01. That's nuts.

My county appraisal went up over 40% last year.

Many people feel that state and local taxes are rising faster than federal
taxes are falling.

Floridians don't feel that way...since we have no state income tax.

Floridians don't feel that way...since we have no state income tax.

Nor do we in Washington State. You pay other taxes instead. Sounds like your
local assessor has become super aggressive in updating the value of your real
property. The motivation behind that is most likely *not* to save you money in
property taxes.

Still, the state and local tax bills are piling up quickly. Part of the problem
is the FEDGOV has not come through with the funding promised for the Homeland
Security measures they demanded from the various states.

My house "assessed" at quite a bit less than it recently "appraised" for.
I'm glad it appraised so high...it helped me refinance and consolidate
without the need to pay PMI.



"Gould 0738" wrote in message
...
Floridians don't feel that way...since we have no state income tax.

Nor do we in Washington State. You pay other taxes instead. Sounds like
your
local assessor has become super aggressive in updating the value of your
real
property. The motivation behind that is most likely *not* to save you
money in
property taxes.

Still, the state and local tax bills are piling up quickly. Part of the
problem
is the FEDGOV has not come through with the funding promised for the
Homeland
Security measures they demanded from the various states.

"bb" wrote in message
...
On Sun, 07 Sep 2003 03:33:09 GMT, "NOYB" wrote:

My house's appraised value is up almost 50%
since Jan. '01. That's nuts.

My county appraisal went up over 40% last year.

The effect of these sharply escalating prices is to make one a captive
of the house they currently own. If I sell my house, and buy a house
of equal value, in the same city, my taxes will go up by about 300%.
I'm fortunate that I live in a house I don't mind staying in, and that
I happen to own two houses in the same neighborhood, but the situation
is rediculous.

Is it really fair that the person who buys the house next door to me
pays 300% of the taxes I pay, and receives the same services for it?

"Save our homes" is a good policy. Retirees that have lived here for 15
years couldn't afford the property taxes if we didn't have it.

"bb" wrote in message

Is it really fair that the person who buys the house next door to me
pays 300% of the taxes I pay, and receives the same services for it?

How is this happening? Does your area not assess at market?

JG

"John Gaquin" wrote in message
...

"bb" wrote in message

Is it really fair that the person who buys the house next door to me
pays 300% of the taxes I pay, and receives the same services for it?

How is this happening? Does your area not assess at market?

John,
The "Save Our Homes" act puts a cap on the amount our property taxes can
increase each year...no matter what the house assesses for. The cap only
applies until you sell the house. So, it's possible for bb to pay $1000/yr.
on a house he's been in for 15 years, and his neighbor pays $3000/yr because
he just moved in .

If you already live down here, own your house, and don't plan on moving,
your taxes won't increase very much. If you're planning on retiring down
here, you pay the tax rate based on today's appraised value of the house.
It's a type of "impact fee" to help offset the population boom we're
experiencing.

The only thing I'd like to see changed, is for people that are already
"Homesteaded" (ie--live down here full time) to be able to carry the cap
from one house to the next. Ideally, then it would only affect new people
coming here...since they're the ones driving the price of housing so high in
the first place...and they're the ones putting an extra burden on our roads,
water supply, schools, and other public facilities.

On Mon, 08 Sep 2003 17:25:19 GMT, "NOYB" wrote:


John,
The "Save Our Homes" act puts a cap on the amount our property taxes can
increase each year...no matter what the house assesses for. ........

Good explanation. I should have read yours before I posted mine.

I do agree with the part about transferring the cap amount.

bb