When will property taxes reset? Appraisal and equity questions.?

April 4th, 2010 | by admin |

Bought a home in August. Taxes were very high as they were based upon old appraisal value and were non homestead. When will they reset to homestead rate? Also, the appraisal at closing was much lower than the local governments valuation of the property. Can I get that adjusted? Lastly, local township says home value is $200k. I bought at $145 and house was appraised at $154. What figure is used to determine equity?
No. I should have specified that I was referring to K and purchase price as compared to taxes.

Home price was $145k.

$154 for the year? Aren’t you lucky, I’m paying £1900 (about $3700) for a four bedroomed house.

  1. 2 Responses to “When will property taxes reset? Appraisal and equity questions.?”

  2. By foxyman on Apr 4, 2010 | Reply

    $154 for the year? Aren’t you lucky, I’m paying £1900 (about $3700) for a four bedroomed house.
    References :

  3. By ananamas on Apr 4, 2010 | Reply

    You need to appeal your valuation – the township won’t adjust it automatically.

    References :

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