Homeowners fuming after receiving increased property tax assessments

bnew

Veteran
Joined
Nov 1, 2015
Messages
55,606
Reputation
8,224
Daps
157,071
Homeowners fuming after receiving increased property tax assessments



By Ibrahim Samra
Published: May. 3, 2022 at 6:14 PM EDT


SOUTH BEND, Ind. (WNDU) - If the value of your home went up this year, than the amount of taxes you pay on it probably did too.

“I have been in this business 30 years. I have never seen this substantial of an increase in one year.”

As the housing market continues to stay hot, local tax expert Beth Szweda says some homeowners in St. Joseph County are fuming about their recent home tax assessments.

“They are upset. They are upset. They don’t know what to do,” Szweda says.

Szweda, who helps property owners save tax money through her company Correct Property Tax LLC in South Bend, says this year’s tax assessments are the highest she has seen in more than three decades.

“The assessments normally will rise as the market rises but this type of increase, I have never seen, 50 to 100 percent increases in assessments in one year,” Szweda says.

It is something Szweda says she can relate to knowing her assessment has also more than doubled since last year.

“That equates to an increase in taxes of almost 1,500 dollars a year,” Szweda says. “That is not normal.”

However, Szweda says slight assessment increases are normal especially when property values are on the rise, except for this year’s unusually high spike.

“I’m not sure, the assessor’s office handles all of that. I don’t want to speculate what their process was or how that happened. I just can’t make sense of it,” Szweda says.

The best thing Szweda says you can do to help save you money on your assessment is to appeal your assessment.

“Definitely appeal your property assessment. There could be mistakes made or there could be something the assessor could do to reduce that assessment. The most important thing is to get that appeal filed,” Szweda says.

You can appeal your assessment in person or online by clicking here: DLGF: DLGF Forms (in.gov) .
 

Mr swag

We Out Here
Joined
Apr 30, 2012
Messages
17,827
Reputation
-1,680
Daps
31,085
Reppin
The Well Respected Uptown,Virginia
Homeowners fuming after receiving increased property tax assessments



By Ibrahim Samra
Published: May. 3, 2022 at 6:14 PM EDT


SOUTH BEND, Ind. (WNDU) - If the value of your home went up this year, than the amount of taxes you pay on it probably did too.

“I have been in this business 30 years. I have never seen this substantial of an increase in one year.”

As the housing market continues to stay hot, local tax expert Beth Szweda says some homeowners in St. Joseph County are fuming about their recent home tax assessments.

“They are upset. They are upset. They don’t know what to do,” Szweda says.

Szweda, who helps property owners save tax money through her company Correct Property Tax LLC in South Bend, says this year’s tax assessments are the highest she has seen in more than three decades.

“The assessments normally will rise as the market rises but this type of increase, I have never seen, 50 to 100 percent increases in assessments in one year,” Szweda says.

It is something Szweda says she can relate to knowing her assessment has also more than doubled since last year.

“That equates to an increase in taxes of almost 1,500 dollars a year,” Szweda says. “That is not normal.”

However, Szweda says slight assessment increases are normal especially when property values are on the rise, except for this year’s unusually high spike.

“I’m not sure, the assessor’s office handles all of that. I don’t want to speculate what their process was or how that happened. I just can’t make sense of it,” Szweda says.

The best thing Szweda says you can do to help save you money on your assessment is to appeal your assessment.

“Definitely appeal your property assessment. There could be mistakes made or there could be something the assessor could do to reduce that assessment. The most important thing is to get that appeal filed,” Szweda says.

You can appeal your assessment in person or online by clicking here: DLGF: DLGF Forms (in.gov) .


they complaining about an increase of 125 dollars a month :mjlol:
 

At30wecashout

Veteran
Supporter
Joined
Sep 2, 2014
Messages
36,051
Reputation
18,169
Daps
164,093
their house went up 100k in a few months and they tripping on 125 dollars :russ:
That does not matter. Their effective cost of home ownership went up for them. When people harp on and on about owning being better in renting, they never mention the part about property taxes being so variable if your market is hot. The only reason to celebrate your house getting more expensive is if you are selling it soon. The problem is will you be able to afford another home after you sell the first one?
 

Cowboyz89

#WeDemBoyz Season Has Returned
Joined
Jul 19, 2014
Messages
6,395
Reputation
1,925
Daps
34,613
Reppin
Fukk Trump
Just want to point out the hypocrisy of property taxes.

You are taxed and the amount varies on an asset you have that you are not planning on selling.

With stocks, you are not taxed when the value of your stock goes up.

The only difference is that houses are owned by regular, everyday people, while its the ultra rich and Congress that own the vast majority of stocks.

:ohhh:
 

L&HH

Veteran
Joined
May 18, 2012
Messages
53,123
Reputation
5,780
Daps
161,372
Reppin
PG x MD
Just want to point out the hypocrisy of property taxes.

You are taxed and the amount varies on an asset you have that you are not planning on selling.

With stocks, you are not taxed when the value of your stock goes up.

The only difference is that houses are owned by regular, everyday people, while its the ultra rich and Congress that own the vast majority of stocks.

:ohhh:
Land is one of the most finite resources we have.
 
Top