Annual property tax bill received
This week we received our annual property tax bill for our home. This year we will be required to pay $3,869.48 in taxes which is not only lower than the estimate sent to us in April, but a 4.1% decrease from last year’s bill of $4,033.69.
This year’s appraised value of our home by the county is $146,015 which is a 3.2% increase from last year’s county appraisal of $141,501.
We do have the option of paying via credit card, but there is an additional 2.75% “convenience” fee we’d incur which is rather undesirable. Instead, we’ll mail a check at the end of the year with funds for the payment to be drawn from our cash reserve as planned.
This year’s appraised value of our home by the county is $146,015 which is a 3.2% increase from last year’s county appraisal of $141,501.
We do have the option of paying via credit card, but there is an additional 2.75% “convenience” fee we’d incur which is rather undesirable. Instead, we’ll mail a check at the end of the year with funds for the payment to be drawn from our cash reserve as planned.
posted by Brian at
10:03 AM
5 Comments:
Unheard of! I wouldn't be asking questions, but I'm incredibly curious how your county appraiser is figuring this...
By
fin_indie, at 10/27/2006 10:31 AM
fin_indie, I can tell you don't live in Texas...we have some of the highest property tax rates in the nation. However, our other taxes are minimal. For instance, we don't even have a state income tax.
By
Brian, at 10/27/2006 10:57 AM
Hey Brian, got my Wilco tax statement yesterday. Also lower than originally expected. Let's enjoy it while we can.. :-)
By
Chris, at 10/27/2006 11:40 AM
Those Texas property taxes are unreal! I live in Utah and taxes on my home assessed at about $225,000 are $1,070. Although if I didn't have to pay state income tax I probably wouldn't complain much. Don't celebrate too much about the decrease in taxes from last year. In 2005, my taxes went down slightly from the prior year, but this year they've gone up 19%! Those pesky assessor's will find some way to jack up your home's assessed value next year.
By
Bill, at 10/27/2006 12:21 PM
There's a misconception that the assessor is the one who determines your tax bill. It is actually the elected officals in charge of the budget. Typically a budget gets established and then that amount is divided up among the total value of the community to determine the mil rate. That is then multipled by your home's value to determine your bill. The bigger the budget, the bigger the tax bill.
By
savvy saver, at 11/03/2006 10:45 AM
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