A drop in home values? Does this mean we’ll see a reduction in property taxes anytime soon?
You wuill probably have to file a written protest with your country appraisal office and provide credible data supporting what you think the appraisal should be. It’s well worth doing every year.
Your taxes are going up first, then down later. The period being used to value homes now is the period from 2-4 years ago. It rolls over like that continually. Taxes will go down a little in about 3 years. You can get the exact time period from your local county assessor.
lol, you have a wonderful sense of humor.
“Does this mean we’ll see a reduction in property taxes anytime soon?”
No, more likely the opposite, especially if your town did a re-evaluation in 2022 (like my town did).
My second half of 2022 property taxes went up over $750 over my July 2022 bill!
If town do re-evaluation in 2023, you can bet the tax rates will go up a lot more than the decrease in the value of the home assessments.
Your home could become worthless and the government would still want what they think is their share.
Btw, property taxes nothing but robbery, a massive con-job at gun point. They will put you in a cage or kill you if you don't pay up. I don't know how they ever got away with it.