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re: House prices drop from $480k to $437k from Q4 2022 to Q1 2023.

Posted on 5/25/23 at 9:13 pm to
Posted by tigerinthebueche
Member since Oct 2010
36791 posts
Posted on 5/25/23 at 9:13 pm to
Stout will be on suicide watch.
Posted by 4x4tiger
Louisiana
Member since Feb 2006
2994 posts
Posted on 5/25/23 at 9:26 pm to
quote:

House prices drop from $480k to $437k from Q4 2022 to Q1 2023.


Tough shite
Posted by deanwelles
EBR Parish Prison
Member since Mar 2008
177 posts
Posted on 5/25/23 at 9:28 pm to
Posted by ReauxlTide222
St. Petersburg
Member since Nov 2010
83655 posts
Posted on 5/25/23 at 9:40 pm to
quote:

Sounds like homeowners are stuck between a rock and a hard place.

I ain’t selling. I can’t sell. I’ve got 30 beehives behind it. I ain’t going through moving and moving beehives. You can kiss my black arse.


One day when you have time make a thread about your bees. I bet it would be interesting.
Posted by HighlyFavoredTiger
TexLaArk
Member since Jun 2018
882 posts
Posted on 5/25/23 at 9:47 pm to
Somebody needs to break this news to the county tax accessors in Texas, our house and 2.3 acres jumped from $675,000 to $808,000 on this year’s appraisal.
Groups are organizing in several areas to try to contest the increases, apparently several counties made similar jumps. Taxes increase every year in Texas but this is larger than usual, our land value more than doubled.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48913 posts
Posted on 5/25/23 at 9:51 pm to
quote:

Somebody needs to break this news to the county tax accessors in Texas, our house and 2.3 acres jumped from $675,000 to $808,000 on this year’s appraisal.

Good ole property taxes. Plenty of people seem to prefer them over income or sales yet they are the easiest way to raise your taxes without a single vote.
Posted by HighlyFavoredTiger
TexLaArk
Member since Jun 2018
882 posts
Posted on 5/25/23 at 9:58 pm to
Yeah the county tax assessor is one of the most powerful government positions in Texas apparently. I think they just search properties on Zillow and set your taxes based on that. Our new taxes will be over $1200 a month!
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48913 posts
Posted on 5/25/23 at 10:03 pm to
quote:

Yeah the county tax assessor is one of the most powerful government positions in Texas apparently. I think they just search properties on Zillow and set your taxes based on that. Our new taxes will be over $1200 a month!

I'd rather have sales tax than property and quite honestly even an income tax. You can't decide that I made 50k more than I did last year.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65988 posts
Posted on 5/25/23 at 10:16 pm to
quote:

Prices have only gone up in my area of Rhode Island, been looking for almost a year now and it's been awful!
My butler is upgrading properties in Newport, possibly you can come to some arrangement on his former estate?
Posted by Saunson69
Member since May 2023
1930 posts
Posted on 5/26/23 at 1:33 am to
quote:

Somebody needs to break this news to the county tax accessors in Texas, our house and 2.3 acres jumped from $675,000 to $808,000 on this year’s appraisal.
Groups are organizing in several areas to try to contest the increases, apparently several counties made similar jumps. Taxes increase every year in Texas but this is larger than usual, our land value more than doubled.


If it's done on an annual basis like beginning of year 2023 or end of year 2022, or just a full 2022 valuation, it'd make sense because that's when this graph is at its highest point. If they account up until May 2023 for this valuation, then probably not right.
This post was edited on 5/26/23 at 1:34 am
Posted by elprez00
Hammond, LA
Member since Sep 2011
29446 posts
Posted on 5/26/23 at 6:35 am to
I feel sorry for people right now. I was very fortunate to buy my home right at the end of Covid, before prices went really nuts. And at 2.75%, I’m not leaving any time soon.
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
17076 posts
Posted on 5/26/23 at 6:38 am to
Gonna be quite a few people crying about how much money they lost in their house.

Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119619 posts
Posted on 5/26/23 at 6:40 am to
Ah yes, paying taxes annually on something you paid taxes on when you bought it. Taxpayers are cash cows.
Posted by PureBlood
The Motherland
Member since Oct 2021
4039 posts
Posted on 5/26/23 at 6:40 am to
Here comes the crash!

Will be much worse than obozo's crash.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14499 posts
Posted on 5/26/23 at 6:41 am to
Certain markets should be high particularly here in certain cities in Florida. When i see places out in the middle of nowhere in the U.S. selling 1500 sq ft houses for over 300k then there is a problem.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35573 posts
Posted on 5/26/23 at 6:45 am to
quote:

I'd rather have sales tax than property and quite honestly even an income tax.


Insanity
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71518 posts
Posted on 5/26/23 at 6:45 am to
quote:

You can't decide that I made 50k more than I did last year.


That's what the 87,000 new IRS agents are for.
Posted by llfshoals
Member since Nov 2010
15552 posts
Posted on 5/26/23 at 6:45 am to
It would help if the tax assessors were ever remotely correct. Understand it’s in their best interest to overvalue your property.

I just got mine, they over valued it “for tax purposes” by around 15%
Posted by StringedInstruments
Member since Oct 2013
18489 posts
Posted on 5/26/23 at 6:47 am to
quote:

I love my place but at times i wish I had unloaded all of it in '22 and moved into a dump of an apartment for 2 or 3 years.


My wife teaches with someone who did this in 2021. They had purchased a fixer upper a few years prior and DIY’d a good bit. Sold it for a lot more than they paid and have been living in an apartment. Helps they’re young and don’t have kids. I thought it was a smart move.
This post was edited on 5/26/23 at 6:48 am
Posted by Oilfieldbiology
Member since Nov 2016
37606 posts
Posted on 5/26/23 at 6:47 am to
quote:

Prices have only gone up in my area of Rhode Island, been looking for almost a year now and it's been awful!


quote:

CONNECTICUTTIGER


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