Official Tax Rolls In. Billions Lost in Property Tax

[Metro Jacksonville]

Official Tax Rolls In.    Billions Lost in Property Tax

This just in from the Mayor's Office.

Bad News, but slightly better than expected.

Full Article
http://www.metrojacksonville.com/article/2009-jul-official-tax-rolls-in-billions-lost-in-property-tax

[mtraininjax]

Gotta remember these are the numbers after the tax deed sales, and the new tax bills will be going out soon, probably August, we have until Oct 1, I believe, to challenge the rates. So even if they say its 3.5, I am betting the Prime Osborn will be jumping this fall, because that is where they have moved the appeals of property taxes and I am for sure going to be there.

Best thing for the city would be to raise the filing fee from $20 to 40 or 50, make some money off us while we take the City to the cleaners over depressed property values.

[Charles Hunter]

How can you state you will protest your valuation, when you don't even know what it is yet?

[mtraininjax]

How can you state you will protest your valuation, when you don't even know what it is yet?

Easy, I have already seen the proposed numbers. I have properties that were 71k in valuation last year that are proposed 108k in value this year. Neither I nor Jim Overton came down with the last drop of rain, but someone has to give me a good idea why I need a 35% increase in property value when there are houses down the street that sold for 19k, and one now for sale (bigger than mine) for 45k.

The valuations are ludicrous, and if the mayor thinks this year is tough, wait till next year.

[fatcat]

i am depressed. Can I turn my properties into catnip growing house? I cannot figure out which is going at a higher speed, the tax going up or the market going down.