Last year we build a modest new home on a five acre tract of land that we have owned for over 20 years. We are in our mid 60s and our kids are grown and gone so we just wanted a small home to retire in. Our last home, on an adjacent one acre tract, was destroyed in a flood in October of 2018 and it took us almost five years to rebuild it, sell it, and then build a new house on our remaining land, all while living in my in-laws’ one room garage apartment. It was a rough five years, but we finally moved into our new home in September, one month shy of the five year anniversary of the flood.
Last year, the county appraised our vacant land at approx. $250K. Our total cost of construction last year for our new house was approx. $360K. What do you get when you build a $360K house on a $250K tract of land? We got our new tax appraisal last month and the county reappraised our property for $1.9 million. Our property taxes will be over $25K a year. We will have to either keep working for another 10 years or so or sell our home because we cannot retire and pay $25K a year in taxes.
Get an actual real estate appraisal and see what they price it at. If it’s lower then you can appeal the assessment.
Another reason to sit on the porch loaded for bear, while the tax assessor or his “hired gun” comes to collect.
The problem with America isn’t that there is too much violence, it is misdirected at innocents instead at the tyrants.
“It’s the law Edith, this here paper says we gotta pay up or move out”. What is the difference between that and Al Capone wanting someones property?
Burn it and go elsewhere