I like your channel because u show real life examples ( with those news stories), which makes what you’re saying understandable. This makes your channel stand out.
@@blackrealestatedialogueI not say that you delete any coment... But is evident that somebody did. Govermant not allow talk about expencive weapon and financing the wars around the globe.
The system needs more poor people's money. To live in their football 🏈 field homes and football field land mass. And they're life style. They were poor before they stole your land and identity. But those in power now have your land made themselves rich off your backs. They still want that system to continue. So they have to devise a new system to keep you down and from getting any kind of stability in this depraved and vicious world and thrist for money and power.
I've always said that the introduction of property taxes was the abolition of private property. No one owns anything. Everyone is renting from the government.
Property tax is absolutely a way to keep us from truly owning our homes. It’s absolutely vile. It should be abolished for at least the primary residence. Or at least have a cap and a payoff amount.
Here in Kentucky, we pay property tax on our vehicles which sit on our property which we also pay taxes on. Hmmm. Seems like double dipping on our governments part. 😡
Grew up in Louisiana. They had "Homestead Excemption".on $75,000 of your primary residence. That made the great majority of homes state tax free. I know home prices have increased, but the idea was a good one. ( don't know what it is now as I left there in 1992.) P.S. Last vist an old friend said they had a new law that froze property tax on your home when you reached 65 to prevent retired folks on fixed incomes from being taxed out if their homes. That law should be nationwide and fixed at what you paid for the house, not inflated value.
I'm very frugal person. While I earn enough to comfortably have a mortgage in excess of $8,000 per month, I choose instead to live in a home where my mortgage is less than $700 per month.
I promise you if everybody that deals, her tax has been assessed on barely send a bill to the tax assessor and lawsuit. This is gonna stop really quick.
These counties should be sued for fraud. Had a tax assessor in our county who was arbitrarily increasing assessments to generate more tax revenue. They were fired.
that's the model for socialism. Socialist supporters don't understand. The brains behind socialism are wealthy people. Everything they do, it is to benefit themselves. They will tout free stuffs. But the end game is control. The commoners own nothing and get just enough to eat, while the select few are billionaires. That's the irony of socialism. Everyone supposed to get a piece of the pie, equally. lol.
My husband and I live in a small town of 800 people in Kansas. He retired from 30 years in the military, and we were so excited to buy our first home after 25 years of marriage. We were paying $1700 a month with $2800 yearly taxes. It just went up to $4900 taxes which raised our house payment from 1700 to 2850. He is retired and I am disabled, and we are devastated.
Property taxes are the most unfair taxes, home owners pay the bill while the rest of the public skates, property taxes should be outlawed on a single family unit owners if you own no more than one home. Property taxes should be replaced with a sales tax that everyone pays instead of just home owners. Replacing property taxes with a sales tax would spread the tax to all that purchased goods in the state you buy them in.
Only commercial properties should be subject to taxation, Taxing property that does not generate any revenue, but based on its estimated current value is absurd.
Most of the property tax goes to pay for schools. School teachers don't get 170% or 630% raise on their salary. Where does it all go to? Every county NEED a cap on property tax increase. No exception.
inflation causes wage to go up and public services to cost more (fixing the roads, higher salary for gov't workers...etc.) Demanding minimum wage increase and printing money excessively, for stimuluses and wars, cause inflation.
Here in N. VA, at least PART of it is going to our County Board, who just voted themselves a HUGE (almost 50%) pay raise! It's maddening for the rest of us who are cutting our budgets to the bare bones, just to get by, these days.
@@pom-momtina6254 Wow. There should be a way to make that info public. So people can decide whether the 50% increase in salary is justified for the amount of work that the county board has been doing.
I live in Idaho and proud to say we don’t have demorats running our state. We had a surplus this year and my property taxes went from $2450 down to $1625.
The benefit of living in a welfare red state that sucks far more federal taxpayer dollars than when they contribute. Ironically benefitting from the democratic socialism that you bemoan.
@Metal_Stacking not only home insurance is going up in Florida but also insurance companies are leaving Florida, leaving many homeowners without insurance.
Crook county is getting so bad they are not using recent purchase price for the value. In the past the best assessment of value was recent purchase. I bought a house that was in the market for one year. I got it for $180k. Legit sale I got on mls. No inside deal no funny business. Crook county says it market value is $240 k. As I fought them and showed them comps. They purposely went to find the best looking houses to prove their value and didn’t compare the house to similar houses. If the house was worth $240 k the seller and agent would have found a buyer and not sold it for $180k. The county is looking to generate revenue by any means necessary. The person assessing is commuting fraud by finding the best houses in the area to compare to the home to get the highest tax possible. I have so many examples of this. These assessors need to go to jail for fraud and theft of our tax money. I know how to fight them and I will win and expose them. What happens to people that don’t know how to fight. Crook county will steal million from these people. There is no one to keep these crooks accountable and make them pay for their crimes. We must work together and put them and jail.
The county needs to be sued for fraud. If you get a real-estate appraisal to prove the value, they can't argue against it. My dad was an appraiser for years. Helped people fight bogus assessments all the time. Encourage everyone you know to reach out to the state attorney general and file complaints. This year should be the tax assessors last year employed.
@@getinthespace7715 I am fighting three recent purchase that they refuse to use the sale price. I am will take this fight all the way to ptab and usually I win at that level. What they are hoping to do is people will give up or miss the deadline and they win automatically. Typically when I take it to ptab I win but I have to wait about three years to see them. Most people don’t know how to fight these crooks
I’m in Cook County. I use this company called Property Tax Reducer’s. My taxes are $3,000 a year and I live in the suburbs. 3 bedroom home 1400 square feet.
@@karlsmith2451 all of Mexico 80 to 400 a year. Depends on price area. You can buy 100k most places . It will assess at below 50k. The county city will assess lower than sales price. You have to apply for zero tax in Nuevo Leon mx
People dont understand how florida does taxes. It is based on what you bought the house for. The problem is the previous owner was more than likely homestead and the purchase price was much lower.
Please help the rest of us by writing/emailing to DeSantis and your state reps demanding they increase the homestead exemption from the worthless $50K to $500K.
THIS IS INTENTIONAL & it will continue throughout this country! It's been happening throughout Europe & other parts of the world as well. “They” don't want people owning real estate or vehicles. The goal is to have the majority of people (on the planet) be lifelong renters… ToOwnNothingAndBeHappy!!! Corporations have a goal to own at least 40% of the real estate (primarily single-family homes below the sunbelt) in the United States. If the People don't stop this, the next generation will never experience the American Dream or a life of freedom & wealth!
I sold my house three years ago in Canada. My house was assessed at $590,000 and I sold it for 365 now the new guys tax assessment is around $800,000.03 years later they’re the same game in Canada.
Where do you live? I have lived/owned property in Vancouver for the last 20 years and my assessed value/property taxes are pretty much bang on every year.
Everything is up about 20% to 30% car insurance, Home taxes, city bill (water and garbage, PG & E, DMV registration, Food, Interest rates, loans, houses Gasoline ⛽️ 😂😢
When they talk about equitable and just transition they mean bring US down to third world standards agenda 2030 is 900 pages of reading in long form. Then agenda 2050, 2065 ect. Wef, g20, mena climate, world government summit ect all tools of the UN royal League of Nations
Yep! This is why things are going up! So you won't be able to afford anything...It will only be 2 kinds of people. Rich and peasants. They have to get rid of the middle class to do this. The poor are already peasants!
You must live in a state where insurance providers are plentiful. Here in CA I just keep praying our insurance provider doesn't drop us because they leave the state like everyone else.
@@blackrealestatedialogue Arizona. I just paid my place off. No need for insurance any more. They have a monopoly affect you have to have insurance if you have a mortgage. That is no longer my case.
In California, on a $1,300,000 home, our home insurance was $32,000 a year, mostly for fire insurance, on a house that was literally built out of concrete. All exterior walls, roof, ceiling, floor and subfloor was concrete.
My situation is different. Im in northern California. Bought my house in 2022. They took 2 years to finally assess my property. Find out since i have a new built. They've only been taxing me on the land and not the house. Meaning i'll owe $10,450 in taxes because the county and my lender wasn't on the same page. Good thing is, i caught that i was paying low taxes a year ago and start saving all my overtime checks but this is DEFINITELY how ppl lose their home. (PS. I came from renting, i didn't know nothing about this side of the game)
You were not suppose to have to pay that until they assessed the property. I pay went through something very similar. I wasn’t responsible but it’s crazy.
I guess soon when we all can't pay because of high prices we'll all be better off. I hope this stops very soon. I'm not getting raises like many. This is hurting us bad so sad. I feel like this is stealing we need our homes. If you can give everything free to newcomers coming in you can help us America. We can't do this much longer we can't afford it no more. 😢
The tax issues causing people to lose their homes will be what gets the guns firing imo. It’s happening in red and blue states and it’s only really affecting people who aren’t rich.
He probably had homestead exemption and lived there for 30 years and paid $50000 for property. Here you come and pay $300K and your propery tax is $5000.
Are there no homestead caps in place for primary residences because that doesn't sound right. In Texas for example we have appraised value which closely correlates to market value-of recently sold homes-at least it is suppose to & there is taxable value. The taxable value takes homestead exemptions & other exemptions like senior over 65, disability, military into account. The taxable value can only go up 10% per year.
In regards to Tamera Ransom and any others in a similar situation, In today's volatile housing market you need to be prepared for the worst---- what is that saying "Prepare for the worst and hope for the best" these are words to live buy.
I'm in Tampa, living with my elderly mother and helping her out with bills, transportation, and property upkeep. I grew up in this house (fully paid off back in '98) and treasure it, and plan to inherit it through tenancy with right of survivorship when she passes away, hopefully a long time from now. In 9 years I'll be considered a senior citizen (56). Current property tax annually is $400 due to her having the senior tax reduction. I'm hoping that I'll be a senior by the time mom passes so I can also get a senior tax reduction upon assuming ownership and continue to only pay $400 annually.
@@blackrealestatedialogue The war in Ukraine and Palestine are costly and the way they are funding is by increasing the interest and taxes on houses and food
If enough home owners made a big deal about the egregious tax systems we have across the country & refused to pay things would change real quick. But that will never happen because people just let this system continue. Property taxes have been too high for the past 15 years or more. It didn't just happen overnight. We've allowed it to progress to this condition.
Local and State govts have gotten way too big and really greedy. There should be a very strict and thorough review of where this tax money is going and disclosure of ALL public employee positions and what they're getting in salaries and benefits. That would likely be very revealing. Until this level of accountability occurs, nothing will change. BTW - PENSIONS are likely at the heart of this horrific financial problem. The great majority of private sector employees do NOT get a pension... So, WHY do govt employees usually get a pension? That's unfair and unsustainable..
As a renter, you can expect your lease to go up, too, because the landlord's tax bill went up. There's no escaping the tax man, as an owner or a renter. I call BS on the cost of government services are going up at the same rate of real estate values.
I don't think we got the full story on the young woman buying her Winter Haven home. Here is the problem. Property tax information is only available on previous assessments while previous homesteaded owners lived there. Those tax amounts are going to be significantly less than tax amounts for new buyers. The new taxes will most likely based on recent sales in the area and of course on the buyers purchase price which could be significantly more than previous taxable values the previous owner enjoyed. Once a home is purchased the homestead exemption needs to be filed IMMEDIATELY. Basically that homestead cap starts over again. It won't be based on previous assessments. It starts from the new purchase price. So that is likely the reason for such a stiff increase. Real estate agents really need to start educating their clients on this so a prospective buyer knows what they are getting into. I think too many agents see dollar signs & want to get the sale done. Part of the agents duty should be to point the client in the right direction to find all the necessary resources so they know what the true costs will be.
Yup. I was looking for this comment. Many in this comment section don't really understand property tax. A supplemental tax bill hurts man and it's something the lenders don't tell you about
In Texas, you can fight it. I do it every year and if you don't, you will be paying too much. I have a company that does it based on what is saved and so do my neighbors. You need to negotiate your insurance, cable TV, Internet, alarm monitoring every year.
Please help the rest of us by writing/emailing to DeSantis and your state reps demanding they increase the homestead exemption from the worthless $50K to $500K.
I live in Indianapolis. The spike in pricing due to housing shortage bc of the Pandemic was great for those who sold their homes and we thought great for those of us who are thinking of selling soon. While prices peaked, our Tax Assessments went up based on Market Value. We ALL know market value is subjective! NOW, my property taxes which have gone from $3000 yearly to $5800 yearly. We KNOW when there’s a downturn, the tax assessor will NOT be so happy to Re-Assess property taxes.
Not in California. Proposition 13 caps property tax at 2.2% of purchase price plus 2% increase each year. When buyer dies the house is reassessed to full market value when passed to children.
The real estate agent and the bank BOTH knew damn well that when the house sold for double the price, the property taxes were going to double. They just wanted to sell those loans. They probably told them that interest rates were going to go down too.
I work for a small community ambulance service. Everything associated with operating this public service has gone up. (Have you seen the cost of purchacing an ambulance) Hourly wages went up to $16.50 for medics. Which isn’t much. We’ve had a few years close to the red so we did an opt-out on the tax levy so we could keep the doors open. People are mad I get it. I’m dropping almost $9k in property taxes. 10yrs ago when I purchased my house taxes were $2500
My state choose not to raise any taxes due to covid money surplus instead of giving us a check they slashed our taxes and my local taxes are so low its laughable
Retiring people are leaving Illinois in droves. With property taxes at $800 a month on a $360K house, that would make half your mortgage payment in states with low property tax. Why stay?
Florida has Property Tax Assessments annually and the Home Insurance have increased annually. I am really concerned about our senior citizens, retired with only one set monthly income, how are our seniors going to make it through this. I pray they have family that are ready to help to make retirement as less stressful as possible. When you get the opportunity look into foreclosure sales being bought by Hedge fund Investment companies. Thank you for sharing your insights.
I don't think it's fair at all. As for seniors in my opinion their property taxes should be fixed since many are on a fixed income. So I agree with you there. My next video might be on foreclosures, I've been seeing a lot out there talking about it. I'll look into the hedge funds purchasing too! Thanks for your comment ☺
Because the vast majority of wealth is owned by people over 55, they have government health insurance that's paid for by every W2 worker, and because only about 4% of children actually inherit their parents house, I wouldn't worry about senior citizens. The hedge fund investing is really about senior citizens selling to pay for their retirement expenses in senior communities. In other words, it's somewhat like seeing a person grab all the donuts off a table, and then being worried he didn't get the last few crumbs. Most of your taxes goes to pay for Medicare and Social Security payments; combined those two are by far the biggest government expense.
We left illinois after I got disabled. We couldn’t afford the property taxes anymore. It was $900 a MONTH ! I heard that it’s $1,200 a month! How do retires folks stay in their paid off homes ? Just the taxes alone are insane
I only pay 43 Euros a month for car insurance. And home insurance in Europe is cheap . If i wasnt close paying off our house in the states i would have SOLD it . Home Insurance there went up and property tax . That country just pisses me off , but i am trying my best to enjoy that little freedom in Europe before the U.S put a law to steal from us who are living our best lives abroad. They hate seeing citizens moving out and enjoying life outside of that dump
I am a realtor, investor and lender in south Florida but it is not any different than any other part of Florida. Let's say Person A bought a house in 2001 for 100k and live in it,. Each year, the most there tax assessment goes up is roughly 3% per year so after 22 years, lets just say the house is assessed at 200k (I am over simplifying this to be clear). The market in Florida goes crazy so they sell it in beginning of 2023 to Person B for 400K. Person B will pay taxes on the house that is assessed at 200K in 2023. When their 2024 tax bill comes, they are going to be assessed at 400k so yes, the property tax bill can be double. I would bet no one told her this. A good realtor and/or mortgage broker would have explained this to the Tampa lady that ended up selling. Most realtors and brokers won't mention it though. I can't speak to the other areas but in Florida, it's just how it is and has been for many years. I didn't explain every detail but this is a youtube comment and is already too long lol. Insurance now....well that's a different problem. They can increase whenever and by however much they want or just tell you, you're cut and now you end up scrambling.
The people that are selling their homes, and going back to renting had bettered realize, that when you rent a property, all you're doing is paying your landlord's mortgage payment, insurance, and taxes! In the end, you have absolutely nothing to show for your rent money!
Worst, they are selling their homes to pay someone else's high taxes and insurance instead of keeping their own homes and fighting these insurance companies. Find out the salaries of these CEO'S and you will find the problem. Also the if you buy a new home or from a seller and need a mortgage and the mortgage holder makes you buy homeowners insurance you need to let them know you are responsible for the mortgage and not insurance as long as you are paying the mortgage they can't force you to buy insurance. also when they are assessing your home, they need to show proof of that assessment. When you get the new dollar amount go to your county clerks office and find out the dollar amount and pay the dollar amount that was just assessed separate from your mortgage. ex: you paid $500.00, they increased the taxes by $200 pay the $200 separate and keeping your mortgage in tact no increases.
The rich will get these homes then, they will get their friends in office to change the rules to sell to public again. But, they will an unprecedented amount of miney.
I live in Illinois and mine hasnt skyrocketed. There were some homeowners that had a mistake on their assessments and they are going to be corrected. Dont know whats the big deal about it. Sometimes there are situations where they go up a lot but thats when an area becomes gentrified
There's homestead tax exemption in FL. It makes no sense to me why someone's property tax on their primary residence would go up over 100% or anything close to that. I thought that homestead tax exemption provided a max 3% increase. Did these people file their homestead tax exemption paperwork when they bought their homes? I know people who have never done that who have lived here for years. It is an overlooked mistake that people make. If you have never filed for homestead tax exemption. . . you may want to contact your local property tax office. Suggestion. Maybe that will help some.
Yes, still with this I see property taxes 15,000 I don't care even with this we can't afford to keep doing this no matter who we are except the billionaire. We shouldn't have to pay these prices when we're not making an good salary.
Please help the rest of us by writing/emailing to DeSantis and your state reps demanding they increase the homestead exemption from the worthless $50K to $500K.
I bought my house in Georgia 5 years ago and that is what I was told at closing, is to fill out homestead tax exemption. My property tax went up about 200 bucks last year …
I live in a town of 700. I am trying to move to a slightly larger town of 17,000. Home prices have gone up so much along with taxes. I greatly appreciate the real estate sites showing previous sale prices and tax assessments. It's crazy how taxes on a property can go from 1,600 a year to 2,600 a year with no renovations being made in a 2 - 4 year period. I know someone who had their taxes increased by $800. Their house was purchased for about $130k a few years back, now the town says it's worth closer to 200k. I am in a rural area, and I have also seen rent go up drastically. You are right though, the banks and nobody else tells you to look at property taxes or insurance premiums. It's just a crazy world we find ourselves in. This was a good and informative video that hope helps others think before they make a massive decision.
Living in Lakeland, FL (Polk county) ... the fasting growing county in the USA. My home insurance increased from 2500 a year in 2020 to now over 12000 It's ridiculous.
There shouldn’t be property taxes. My homeowners insurance has gone from $3600 a year to $21k. I was split my policies, but I’m still paying $10k a year.
I have Progressive insurance for 10 years now. I went up through their "tiers" and am now an Emerald member. Which was suppose to mean my premiums go down with no claims. Instead, it has gone from $85 a month, up to almost $155 a month now, with no claims. I understand this is the USA, capitalism, and all that. But this is happening in every sector of our day to day lives. Oil companies, lumber, groceries', utilities, insurance companies, everything we need to survive is getting price gouged by the greedy. Until our government steps in and does something, it's just going to keep happening. I don't know the answer. It don't affect the companies. They are reporting record profits, then if you raise the taxes on them, they pass it on to consumers, and they keep on reporting record profits while hurting us. Just a vicious cycle. Maybe we need to eliminate Wall Street. They care more about share/stockholders more than their consumer.
Sisters house insurance usaa went up 300.00 in 2023 then 1200.00 2024 . But she no where in a danger zone and no claims claims in 34 years . They say they did it because it would cost 350k to rebuild the home but paid 180k for it. Htf 350k when lumber is below prepandemic prices.
Some of these are not smart enough to own a home…their attorney should have made them aware of this…my guess she did not have an attorney. Assessment has nothing to do with value it is just a way to allocate RE taxes for an area It is based on comparative values of properties in an area..
Not all of us live in Chicago in Illinois we can't afford that we live on fixed incomes and were barely making it and you want to take our homes we can't afford the taxes property taxes
60% of property taxes tends to go to school systems. People will need to either run for office on a campaign to cut revenue to schools. Or, my preferred proposal, allow homeschool families to access the money being spent by the State. It's $15k on average per student across the country. If you have 5 kids, the State and county should be sending you $75k yearly. ❤
I get that. I just don’t understand how they expect the everyday person to afford such a dramatic increase. It’s ridiculous. That’s an interesting idea regarding the homeschool, I never thought of that.
In Pennsylvania we have a Homestead exemption that decreases our property taxes and provides rent rebates. The law was passed in 2006 by our democratically controlled state House of Representatives. I pay half of my property assessed tax value. It’s important to pay attention to the legislative branch of government bc they control your money. Policy matters. The South focus on tradition and heritage while kitchen table issues go neglected.
I don't understand how Property Taxes is based on property value. The council running the suburb should see the costs of running (garbage collection, park maintenance, etc) add 10% for savings fund for future problems of improvements, then divide that by the number of properties and there's your Property Tax amount. Property Tax should be for the amenities and services provided.
Thinking outside? The box I have 3 houses and 7 Arkansas. In one counmy, total tax bill is about $280 per year. Sometimes you can find little towns where you can buy cash and use your skill your wit. Access and resources to make a living and not take. There are other options just like TH-cam to get to where you are. If you do the same as everyone else, Percentages of failure, etc. Will be along the lines as everyone else. A good. Rule is 40% even though it sounds crazy. Buy a home for no more than forty percent of What you're approved for.
It was in 8th. grade, 44years ago, that I learned about property taxes. _”That sure sounds a bit like the Serfdom/Manorialism we just learned about,”_ I told the teacher. _”No, no, its different. It’s how we* pay for things like schools…”_ I didn’t buy it. Well, I was right. *Notice the collective “we.”
How many of you complaining voted for this? There are about 1.4 million migrants invited into our country annually by the democrats. Think about that number for a moment. In the past 10 years that's 14 million added people to the population. Migrants now exceed births in this country. In addition there are 80,000+ h-1b visas every year, plus their dependents. So add about another 300k thousand every year. About 17 million per decade. These people absorb the lower income housing that is available and the h-1b workers generally compete for middle income housing. High demand drives up prices. The hardest hit are those that are just scraping by. And those that are in that bracket tend to vote democrat. It's just facts people. Are you partially to blame?
In many places houses that have been owned for a long period of time are subject to special tax rates. For example in Michigan there is Proposition A tax rates. This Prop set the maximum TAXABLE value on a primary residence property owned when it went into effect to a fixed amount a year. Until that house is sold the rate of increase is capped. When the house is sold, the prevailing tax rate is applied to the sale price. I am one of those living in one of these houses. My current taxes are approx. $4800 a year. If I sell this house which is now appraised at $600,000 the new owner will have property taxes in excess of $12,000 a year. Any realtor that doesn't notify the byer of this fact should be jailed. This is why so many of us retirees will not sell our houses. If I sold my house and bought one worth half as much, my property taxes would be about $6000 a year and I would have to pay capital gains on approx. $200,000.
I understand what going on. Bonds for municipals are due and even more are needed because most infrastructure hasn't been done since the earlier 90s. Also, states, counties, and cities can't print money. Insurance companies are highly leveraged in commercial real estate which gets renewed frequently (unlike home loans) so it's a solid economic hedge trending the economy. Now, commercial real-estate is going bust. Well, what do you know? Who would have thought that the economy would stagflate and insurance fraud skyrocket after COVID? Investors need a premium to make investing in insurance worth it because the equities market has been on fire for a long time, so they demand the kitchen sink. Who would have known the weather would worsen year over year? Sorry folks, Uncle Sam and aunt False Promis are gonna take it out your #%$!
Um- throw the property in a land patent and put it in a trust!!! No taxes!!!! Um - why r u listed as a tenant on your title - CUZ IT IS NOT YO HOUSE!!!!! THEY WANT EVERYONE TO BE RENTERS!!!!!! U GOT THAT RIGHT - SIR.
Cape Coral is the same. My taxes tripled. Yes,tripled! The City Council gave themselves a raise from 40K to 80K and there is no excuse for this. Bureaucracy isn't Royalty.
So...what do they gain when middle class folks who work as teachers, nurses, bus drivers and etc, can't afford to live in these homes? Its like a snake eating its own tail. I would purposely make my property less desirable, if that would lower the property tax
Cities and counties claim they need the huge increases to fund the budget, but... house values have skyrocketed, meaning taxes have gone up, naturally. To increase the tax rate, increasing taxes by even more, shouldn't be necessary, since the cities/counties are already raking in more money. Americans are being forced to trim their budgets and yet cities/counties feel like they just need more, more more, when they should be tightening their belts and cutting budgets, as well. For many retirees that paid their homes off, expecting to have a secure retirement. Having property taxes increase by huge amount means many seniors will have to sell their home.
Crook county went wild with property taxes. Lake County is crazy high. What's happening in IL is a pension blob that getting larger by the day. It must be fed and there is no other alternative besides a change in the state constitution.
I like your channel because u show real life examples ( with those news stories), which makes what you’re saying understandable. This makes your channel stand out.
I truly appreciate this comment. Thank you so much! I’ll do my best to keep it coming.
@@blackrealestatedialogueI not say that you delete any coment...
But is evident that somebody did.
Govermant not allow talk about expencive weapon and financing the wars around the globe.
The system needs more poor people's money. To live in their football 🏈 field homes and football field land mass. And they're life style. They were poor before they stole your land and identity. But those in power now have your land made themselves rich off your backs. They still want that system to continue. So they have to devise a new system to keep you down and from getting any kind of stability in this depraved and vicious world and thrist for money and power.
I've always said that the introduction of property taxes was the abolition of private property. No one owns anything. Everyone is renting from the government.
So true!
The sad part is that the govt squanders most of the money.
Property tax is absolutely a way to keep us from truly owning our homes. It’s absolutely vile. It should be abolished for at least the primary residence. Or at least have a cap and a payoff amount.
Here in Kentucky, we pay property tax on our vehicles which sit on our property which we also pay taxes on. Hmmm. Seems like double dipping on our governments part. 😡
Grew up in Louisiana. They had "Homestead Excemption".on $75,000 of your primary residence. That made the great majority of homes state tax free. I know home prices have increased, but the idea was a good one. ( don't know what it is now as I left there in 1992.) P.S. Last vist an old friend said they had a new law that froze property tax on your home when you reached 65 to prevent retired folks on fixed incomes from being taxed out if their homes. That law should be nationwide and fixed at what you paid for the house, not inflated value.
Get off the system.
Its no mistake, its all planned
16,000 dollars a year divided by 12 is $1,333 dollars a month equals another mortgage payment
Bingo
Might as well rent and save on home repairs, new roofs, plumming and association dues.
I'm very frugal person. While I earn enough to comfortably have a mortgage in excess of $8,000 per month, I choose instead to live in a home where my mortgage is less than $700 per month.
I promise you if everybody that deals, her tax has been assessed on barely send a bill to the tax assessor and lawsuit. This is gonna stop really quick.
That's twice what I pay in rent for my 600 sq ft 1 br duplex in Indianapolis.
These counties should be sued for fraud.
Had a tax assessor in our county who was arbitrarily increasing assessments to generate more tax revenue.
They were fired.
as they should have been. that's crazy smh
@blackrealestatedialogue , they arbitrarily jacked everyone's taxes 30%, after the guy got fired they dropped them back down.
Letitia James should be brought in to do the prosecution since she seems to know more about real estate valuation than anyone else in America.
Sued by whom? The same lawyers that the government owns?
@@gaiustacitus4242 😂😂😂😂
THis is NO MISTAKE it is totally intentionally
I agree
@@blackrealestatedialogue its easy.
Weapon is expencive... Ukraine war and Palestine genocide cost fortune.
Local governments are simply unsustainable
Politicians and banks hand in glove to rob the citizens and the poor.
@@thelastmohican741 incredibly ignorant to think Palestine is suffering a genocide.
People also don’t know about homestead exemptions or protesting appraisals , though if you just bought for that price, you don’t have much to stand on
folks should def be educated on this
173% and 650% property tax increase, WTF...wild. Need laws to cap by 3%.
I agree, every single state needs a cap
3% is too much!! No increases!!
@@tommybotts
Yeah…
Cause prices never go up
Too bad and good luck with that. One, the taxes are based on home values. two, the gov't makes the law. They won't cap anything to their disadvantage.
We elect the government so logically we can decide to stop the government from doing that. Remember your power, people!
They weren’t joking when they said you will own nothing and be “happy” about it.
1000% right!
I don’t think so! Not very happy actually..
that is their master plan
You look better with short hair. It accentuates your facial features, especially your lips.😍
that's the model for socialism. Socialist supporters don't understand. The brains behind socialism are wealthy people. Everything they do, it is to benefit themselves. They will tout free stuffs. But the end game is control. The commoners own nothing and get just enough to eat, while the select few are billionaires. That's the irony of socialism. Everyone supposed to get a piece of the pie, equally. lol.
My husband and I live in a small town of 800 people in Kansas. He retired from 30 years in the military, and we were so excited to buy our first home after 25 years of marriage. We were paying $1700 a month with $2800 yearly taxes. It just went up to $4900 taxes which raised our house payment from 1700 to 2850. He is retired and I am disabled, and we are devastated.
I am truly sorry to hear about this 🥹
@@blackrealestatedialogue Thank you so kindly. Makes it kind of scary for sure.
That sounds like what I went through. When I first moved into my place, taxes were about 2800 per year. Now they are over 5000!!!
Send your local tax assessor bill, then hit them with the loss suits. I promise you they’re gonna review it.
Get To Work
Property taxes are the most unfair taxes, home owners pay the bill while the rest of the public skates, property taxes should be outlawed on a single family unit owners if you own no more than one home. Property taxes should be replaced with a sales tax that everyone pays instead of just home owners. Replacing property taxes with a sales tax would spread the tax to all that purchased goods in the state you buy them in.
Only commercial properties should be subject to taxation, Taxing property that does not generate any revenue, but based on its estimated current value is absurd.
Most of the property tax goes to pay for schools. School teachers don't get 170% or 630% raise on their salary. Where does it all go to?
Every county NEED a cap on property tax increase. No exception.
inflation causes wage to go up and public services to cost more (fixing the roads, higher salary for gov't workers...etc.) Demanding minimum wage increase and printing money excessively, for stimuluses and wars, cause inflation.
Here in N. VA, at least PART of it is going to our County Board, who just voted themselves a HUGE (almost 50%) pay raise! It's maddening for the rest of us who are cutting our budgets to the bare bones, just to get by, these days.
And they still have to pay for supplies
Greedy administrators with paper-mill degrees who feel they should have a $100k/year salary as public employees.
@@pom-momtina6254 Wow. There should be a way to make that info public. So people can decide whether the 50% increase in salary is justified for the amount of work that the county board has been doing.
I live in Idaho and proud to say we don’t have demorats running our state. We had a surplus this year and my property taxes went from $2450 down to $1625.
Shhhhhsss!
The benefit of living in a welfare red state that sucks far more federal taxpayer dollars than when they contribute. Ironically benefitting from the democratic socialism that you bemoan.
In Oklahoma. Red state insurance and taxes went up 25%
@@beyondthunderstick1578 The whole state? I doubt that. Property taxes are local. Counties decide tax rates.
@Metal_Stacking not only home insurance is going up in Florida but also insurance companies are leaving Florida, leaving many homeowners without insurance.
Crook county is getting so bad they are not using recent purchase price for the value. In the past the best assessment of value was recent purchase. I bought a house that was in the market for one year. I got it for $180k. Legit sale I got on mls. No inside deal no funny business. Crook county says it market value is $240 k. As I fought them and showed them comps. They purposely went to find the best looking houses to prove their value and didn’t compare the house to similar houses. If the house was worth $240 k the seller and agent would have found a buyer and not sold it for $180k. The county is looking to generate revenue by any means necessary. The person assessing is commuting fraud by finding the best houses in the area to compare to the home to get the highest tax possible. I have so many examples of this. These assessors need to go to jail for fraud and theft of our tax money. I know how to fight them and I will win and expose them. What happens to people that don’t know how to fight. Crook county will steal million from these people. There is no one to keep these crooks accountable and make them pay for their crimes. We must work together and put them and jail.
That's so unfair. I can't believe they are getting away with doing this to people.
The county needs to be sued for fraud.
If you get a real-estate appraisal to prove the value, they can't argue against it.
My dad was an appraiser for years. Helped people fight bogus assessments all the time.
Encourage everyone you know to reach out to the state attorney general and file complaints.
This year should be the tax assessors last year employed.
@@getinthespace7715 I am fighting three recent purchase that they refuse to use the sale price. I am will take this fight all the way to ptab and usually I win at that level. What they are hoping to do is people will give up or miss the deadline and they win automatically. Typically when I take it to ptab I win but I have to wait about three years to see them. Most people don’t know how to fight these crooks
I’m in Cook County. I use this company called Property Tax Reducer’s. My taxes are $3,000 a year and I live in the suburbs. 3 bedroom home 1400 square feet.
its ok the Venezuelan ileagles will help out.
I bought a place in Mexico. $80 a year property tax.
I found a city where if your 55 or older. No property tax.
Sounds good, it’s getting so bad in USA that citizens have to leave their country just to survive
Your gonna have alot of neighbors soon lol 😆
And what city is it?
Why u don’t say where?
@@karlsmith2451 all of Mexico 80 to 400 a year.
Depends on price area.
You can buy 100k most places . It will assess at below 50k. The county city will assess lower than sales price. You have to apply for zero tax in Nuevo Leon mx
People dont understand how florida does taxes. It is based on what you bought the house for. The problem is the previous owner was more than likely homestead and the purchase price was much lower.
Please help the rest of us by writing/emailing to DeSantis and your state reps demanding they increase the homestead exemption from the worthless $50K to $500K.
Doesn’t California have a similar cap or proposition limit on tax increases?
@@carylhalfwassen8555Proposition 19?
Tony Soprano running the tax assesor's office.
😂
Yes, it's a crime syndicate.
THIS IS INTENTIONAL & it will continue throughout this country! It's been happening throughout Europe & other parts of the world as well. “They” don't want people owning real estate or vehicles. The goal is to have the majority of people (on the planet) be lifelong renters… ToOwnNothingAndBeHappy!!! Corporations have a goal to own at least 40% of the real estate (primarily single-family homes below the sunbelt) in the United States. If the People don't stop this, the next generation will never experience the American Dream or a life of freedom & wealth!
There is no American dream
I sold my house three years ago in Canada. My house was assessed at $590,000 and I sold it for 365 now the new guys tax assessment is around $800,000.03 years later they’re the same game in Canada.
Where do you live? I have lived/owned property in Vancouver for the last 20 years and my assessed value/property taxes are pretty much bang on every year.
Yikes!
Trudeau is socialist worse than demonrats
Everything is up about 20% to 30% car insurance, Home taxes, city bill (water and garbage, PG & E, DMV registration, Food, Interest rates, loans, houses Gasoline ⛽️ 😂😢
Jesús Christ, and every body making same money since 2020, no raises what soever
Thank Joe Biden for all the increases.
People didn't realize how easy they had it under Trump.
@@mucholangsYeah, loved my life under Trump😒STFU
“By 2030 you will own nothing, and you will be happy” - WEF
that's their goal
When they talk about equitable and just transition they mean bring US down to third world standards agenda 2030 is 900 pages of reading in long form. Then agenda 2050, 2065 ect. Wef, g20, mena climate, world government summit ect all tools of the UN royal League of Nations
💯💯💯💯💯💯 They have a MUCH more nefarious plan. But they gon f around and find out because we WILL RISE UP!
They also have an article on “build back better”… which president was talking about that? 🤔 #ConnectTheDots
Yep! This is why things are going up! So you won't be able to afford anything...It will only be 2 kinds of people. Rich and peasants. They have to get rid of the middle class to do this. The poor are already peasants!
Givers have limits.
Takers don’t have limits.
Liberty mutual jacked my rates from $960 to $2900. I'm paying every thing off , and will fire them soon.
I'm sorry to hear that. Hope you can get a better rate. What state are you in?
Yes that's what it take for us to
You must live in a state where insurance providers are plentiful. Here in CA I just keep praying our insurance provider doesn't drop us because they leave the state like everyone else.
@@blackrealestatedialogue Arizona. I just paid my place off. No need for insurance any more. They have a monopoly affect you have to have insurance if you have a mortgage. That is no longer my case.
Mine are going up 20% every year for 4 yrs straight. It is theft taken to the next level. It is crazy out here.
Recently got my 100% va rating, no more property taxes.
In California, on a $1,300,000 home, our home insurance was $32,000 a year, mostly for fire insurance, on a house that was literally built out of concrete. All exterior walls, roof, ceiling, floor and subfloor was concrete.
That's more than I make in a year
What happens if every single homeowner stops paying taxes? They don't have enough cops, not enough National Guards to put us all out on the street...
@SaintTrinianz they will import security.
@CoryRayGordonMusic We were 350 million before COVID. You think they will import 1 million mercenaries?
@@SaintTrinianz Two dogs can easily control hundreeds of sheeps.
My situation is different. Im in northern California. Bought my house in 2022. They took 2 years to finally assess my property. Find out since i have a new built. They've only been taxing me on the land and not the house. Meaning i'll owe $10,450 in taxes because the county and my lender wasn't on the same page. Good thing is, i caught that i was paying low taxes a year ago and start saving all my overtime checks but this is DEFINITELY how ppl lose their home. (PS. I came from renting, i didn't know nothing about this side of the game)
Now you know why rent increases. Tax and insurance.
You were not suppose to have to pay that until they assessed the property. I pay went through something very similar. I wasn’t responsible but it’s crazy.
THIS IS BY DESIGN! WE NEED A TAX REVOLT!
Geesh! My taxes went from $1500 to $1700 and I was disturbed. I hope it doesn’t get worse for me. I feel sorry for other people.
wishing you the best!
It's going to get worse
I guess soon when we all can't pay because of high prices we'll all be better off. I hope this stops very soon. I'm not getting raises like many. This is hurting us bad so sad. I feel like this is stealing we need our homes. If you can give everything free to newcomers coming in you can help us America. We can't do this much longer we can't afford it no more. 😢
Don't hope, get mad and DO SOMETHING ABOUT IT. Otherwise it's just going to get worse.
The tax issues causing people to lose their homes will be what gets the guns firing imo. It’s happening in red and blue states and it’s only really affecting people who aren’t rich.
I'm in the same area of Tampa, FL. The prop tax for our house went from $800 in 2021 with previous owner to $5,100 in 2023 for us.
That’s an absolute crime shame on the city. I’m sorry to hear that. Will you have to sell?
He probably had homestead exemption and lived there for 30 years and paid $50000 for property. Here you come and pay $300K and your propery tax is $5000.
What you thought it was a retirement place. Sucker
Are you sure the other homeowners weren’t under senior taxes? Make sure you’re getting a homestead exemption.
Are there no homestead caps in place for primary residences because that doesn't sound right. In Texas for example we have appraised value which closely correlates to market value-of recently sold homes-at least it is suppose to & there is taxable value. The taxable value takes homestead exemptions & other exemptions like senior over 65, disability, military into account. The taxable value can only go up 10% per year.
In regards to Tamera Ransom and any others in a similar situation, In today's volatile housing market you need to be prepared for the worst----
what is that saying "Prepare for the worst and hope for the best" these are words to live buy.
Do you think it will get worse?
Class action lawsuit!
😢
I'm in Tampa, living with my elderly mother and helping her out with bills, transportation, and property upkeep. I grew up in this house (fully paid off back in '98) and treasure it, and plan to inherit it through tenancy with right of survivorship when she passes away, hopefully a long time from now. In 9 years I'll be considered a senior citizen (56). Current property tax annually is $400 due to her having the senior tax reduction. I'm hoping that I'll be a senior by the time mom passes so I can also get a senior tax reduction upon assuming ownership and continue to only pay $400 annually.
*35% DTI to qualify for a mortgage yet they price people out later with insurance and taxes!*
doesn't it makeyou wonder?
Ours tripled in Ohio. Regular People with multi properties can’t survive.
We paying those two wars
huh?
@@blackrealestatedialogue The war in Ukraine and Palestine are costly and the way they are funding is by increasing the interest and taxes on houses and food
Also for the migrants
@@blackrealestatedialogue you don't understand??😏😏
Wrong, they will have to pay us back that money!
If enough home owners made a big deal about the egregious tax systems we have across the country & refused to pay things would change real quick. But that will never happen because people just let this system continue. Property taxes have been too high for the past 15 years or more. It didn't just happen overnight. We've allowed it to progress to this condition.
Local and State govts have gotten way too big and really greedy. There should be a very strict and thorough review of where this tax money is going and disclosure of ALL public employee positions and what they're getting in salaries and benefits. That would likely be very revealing.
Until this level of accountability occurs, nothing will change. BTW - PENSIONS are likely at the heart of this horrific financial problem. The great majority of private sector employees do NOT get a pension... So, WHY do govt employees usually get a pension? That's unfair and unsustainable..
Seems like the perfect storm for making the masses renters.
Bingo that’s the goal
As a renter, you can expect your lease to go up, too, because the landlord's tax bill went up. There's no escaping the tax man, as an owner or a renter. I call BS on the cost of government services are going up at the same rate of real estate values.
These taxing authorities are taking advantage of the same money grab as big banks and corporations. The squeeze is on for the average homeowner.
Bingo and it shouldn't be as we pay taxes on everything.
And you can bet that when the crash happens they'll increase the millage rate to keep their income high rather than rolling back.
Birds of the same feather!!!😂😂😂😂😂
Yep, average person is left holding the bag most times.
I don't think we got the full story on the young woman buying her Winter Haven home. Here is the problem. Property tax information is only available on previous assessments while previous homesteaded owners lived there. Those tax amounts are going to be significantly less than tax amounts for new buyers. The new taxes will most likely based on recent sales in the area and of course on the buyers purchase price which could be significantly more than previous taxable values the previous owner enjoyed. Once a home is purchased the homestead exemption needs to be filed IMMEDIATELY. Basically that homestead cap starts over again. It won't be based on previous assessments. It starts from the new purchase price. So that is likely the reason for such a stiff increase. Real estate agents really need to start educating their clients on this so a prospective buyer knows what they are getting into. I think too many agents see dollar signs & want to get the sale done. Part of the agents duty should be to point the client in the right direction to find all the necessary resources so they know what the true costs will be.
This.^
Yup. I was looking for this comment. Many in this comment section don't really understand property tax. A supplemental tax bill hurts man and it's something the lenders don't tell you about
In Texas, you can fight it. I do it every year and if you don't, you will be paying too much. I have a company that does it based on what is saved and so do my neighbors. You need to negotiate your insurance, cable TV, Internet, alarm monitoring every year.
I found a good deal on a foreclosure..but the taxes are crazy high..more than 4 times what im paying now..and thats WITH homestead exemption
That’s absolutely ridiculous! 4x?
They want people to lose there home they planning to turn the property s Clear the land and build apartments smart city's Google smart city s
Please help the rest of us by writing/emailing to DeSantis and your state reps demanding they increase the homestead exemption from the worthless $50K to $500K.
L A N D G R A B
I live in Indianapolis. The spike in pricing due to housing shortage bc of the Pandemic was great for those who sold their homes and we thought great for those of us who are thinking of selling soon. While prices peaked, our Tax Assessments went up based on Market Value. We ALL know market value is subjective! NOW, my property taxes which have gone from $3000 yearly to $5800 yearly. We KNOW when there’s a downturn, the tax assessor will NOT be so happy to Re-Assess property taxes.
Not in California. Proposition 13 caps property tax at 2.2% of purchase price plus 2% increase each year.
When buyer dies the house is reassessed to full market value when passed to children.
Not anymore
you can cap whatever. But the gov't spending money has to come from somewhere.
Do not live in hurricane alley. I live in Aridzona, we have no real weather issues, except the lack of rainfall. And they Jacked up my rates.
Wait until there's a shortage of water as they bring in 100 million newcomers
That's tough. Why did your rates go up?
Greed
My taxation without representation just jumped 3 times 2021-2023 1500 year to 3700 year
The real estate agent and the bank BOTH knew damn well that when the house sold for double the price, the property taxes were going to double. They just wanted to sell those loans. They probably told them that interest rates were going to go down too.
I work for a small community ambulance service. Everything associated with operating this public service has gone up. (Have you seen the cost of purchacing an ambulance) Hourly wages went up to $16.50 for medics. Which isn’t much. We’ve had a few years close to the red so we did an opt-out on the tax levy so we could keep the doors open. People are mad I get it. I’m dropping almost $9k in property taxes. 10yrs ago when I purchased my house taxes were $2500
My state choose not to raise any taxes due to covid money surplus instead of giving us a check they slashed our taxes and my local taxes are so low its laughable
wow.what state is this?
Please what state is that?
what state ?
it doesn't sound like the gov't. "slashing" is not in their dictionary.
I buy based on taxes. The price is not as important anymore. The last property I bought I paid cash. So I only care about the operating cost.
this is a good idea
Retiring people are leaving Illinois in droves. With property taxes at $800 a month on a $360K house, that would make half your mortgage payment in states with low property tax. Why stay?
Illinois doesn’t tax retirement income, so I’m staying.
@@raybod1775 Depends on what type of income. I had to pay some.
Florida has Property Tax Assessments annually and the Home Insurance have increased annually.
I am really concerned about our senior citizens, retired with only one set monthly income, how are our seniors going to make it through this.
I pray they have family that are ready to help to make retirement as less stressful as possible.
When you get the opportunity look into foreclosure sales being bought by Hedge fund Investment companies.
Thank you for sharing your insights.
I don't think it's fair at all. As for seniors in my opinion their property taxes should be fixed since many are on a fixed income. So I agree with you there. My next video might be on foreclosures, I've been seeing a lot out there talking about it. I'll look into the hedge funds purchasing too! Thanks for your comment ☺
Many people have been writing DeSantis and their state reps demanding an increase to homestead exemption from the worthless $50K to $500K. Join in...
Because the vast majority of wealth is owned by people over 55, they have government health insurance that's paid for by every W2 worker, and because only about 4% of children actually inherit their parents house, I wouldn't worry about senior citizens. The hedge fund investing is really about senior citizens selling to pay for their retirement expenses in senior communities.
In other words, it's somewhat like seeing a person grab all the donuts off a table, and then being worried he didn't get the last few crumbs. Most of your taxes goes to pay for Medicare and Social Security payments; combined those two are by far the biggest government expense.
I am so glad I don’t have to pay property taxes but I pray for everyone else bc this is not right nobody should have to go through this
100% VA Disabled?
We left illinois after I got disabled. We couldn’t afford the property taxes anymore. It was $900 a MONTH ! I heard that it’s $1,200 a month! How do retires folks stay in their paid off homes ? Just the taxes alone are insane
Cook county? Ya forgot to spell that with an r added...
I only pay 43 Euros a month for car insurance. And home insurance in Europe is cheap .
If i wasnt close paying off our house in the states i would have SOLD it .
Home Insurance there went up and property tax .
That country just pisses me off , but i am trying my best to enjoy that little freedom in Europe before the U.S put a law to steal from us who are living our best lives abroad.
They hate seeing citizens moving out and enjoying life outside of that dump
I am a realtor, investor and lender in south Florida but it is not any different than any other part of Florida. Let's say Person A bought a house in 2001 for 100k and live in it,. Each year, the most there tax assessment goes up is roughly 3% per year so after 22 years, lets just say the house is assessed at 200k (I am over simplifying this to be clear). The market in Florida goes crazy so they sell it in beginning of 2023 to Person B for 400K. Person B will pay taxes on the house that is assessed at 200K in 2023. When their 2024 tax bill comes, they are going to be assessed at 400k so yes, the property tax bill can be double. I would bet no one told her this. A good realtor and/or mortgage broker would have explained this to the Tampa lady that ended up selling. Most realtors and brokers won't mention it though. I can't speak to the other areas but in Florida, it's just how it is and has been for many years. I didn't explain every detail but this is a youtube comment and is already too long lol.
Insurance now....well that's a different problem. They can increase whenever and by however much they want or just tell you, you're cut and now you end up scrambling.
Property taxes are crazy. When you get old property taxes need to drop because your income drops .
The people that are selling their homes, and going back to renting had bettered realize, that when you rent a property,
all you're doing is paying your landlord's mortgage payment, insurance, and taxes!
In the end, you have absolutely nothing to show for your rent money!
Worst, they are selling their homes to pay someone else's high taxes and insurance instead of keeping their own homes and fighting these insurance companies. Find out the salaries of these CEO'S and you will find the problem. Also the if you buy a new home or from a seller and need a mortgage and the mortgage holder makes you buy homeowners insurance you need to let them know you are responsible for the mortgage and not insurance as long as you are paying the mortgage they can't force you to buy insurance.
also when they are assessing your home, they need to show proof of that assessment.
When you get the new dollar amount go to your county clerks office and find out the dollar amount and pay the dollar amount that was just assessed separate from your mortgage. ex: you paid $500.00, they increased the taxes by $200 pay the $200 separate and keeping your mortgage in tact no increases.
What if nobody is willing to buy a home? Bankruptcy for the owner? Criminal!
The rich will get these homes then, they will get their friends in office to change the rules to sell to public again.
But, they will an unprecedented amount of miney.
I live in Illinois and mine hasnt skyrocketed. There were some homeowners that had a mistake on their assessments and they are going to be corrected. Dont know whats the big deal about it. Sometimes there are situations where they go up a lot but thats when an area becomes gentrified
There's homestead tax exemption in FL. It makes no sense to me why someone's property tax on their primary residence would go up over 100% or anything close to that. I thought that homestead tax exemption provided a max 3% increase. Did these people file their homestead tax exemption paperwork when they bought their homes? I know people who have never done that who have lived here for years. It is an overlooked mistake that people make. If you have never filed for homestead tax exemption. . . you may want to contact your local property tax office. Suggestion. Maybe that will help some.
That's probably what they failed to do. My Florida tax hasn't increased significantly, but my insurance doubled.
Yes, still with this I see property taxes 15,000 I don't care even with this we can't afford to keep doing this no matter who we are except the billionaire. We shouldn't have to pay these prices when we're not making an good salary.
Please help the rest of us by writing/emailing to DeSantis and your state reps demanding they increase the homestead exemption from the worthless $50K to $500K.
I bought my house in Georgia 5 years ago and that is what I was told at closing, is to fill out homestead tax exemption. My property tax went up about 200 bucks last year …
I feel so sorry for the hard working ladies who lost their homes. Just awful.
I live in a town of 700. I am trying to move to a slightly larger town of 17,000. Home prices have gone up so much along with taxes. I greatly appreciate the real estate sites showing previous sale prices and tax assessments. It's crazy how taxes on a property can go from 1,600 a year to 2,600 a year with no renovations being made in a 2 - 4 year period.
I know someone who had their taxes increased by $800. Their house was purchased for about $130k a few years back, now the town says it's worth closer to 200k.
I am in a rural area, and I have also seen rent go up drastically. You are right though, the banks and nobody else tells you to look at property taxes or insurance premiums.
It's just a crazy world we find ourselves in. This was a good and informative video that hope helps others think before they make a massive decision.
Taxes are destroying affordability and causing high rents and housing shortages
Living in Lakeland, FL (Polk county) ... the fasting growing county in the USA. My home insurance increased from 2500 a year in 2020 to now over 12000 It's ridiculous.
There shouldn’t be property taxes. My homeowners insurance has gone from $3600 a year to $21k. I was split my policies, but I’m still paying $10k a year.
This must e a concerted action, as the same thing is happening in Germany as well
One World Order system! Everyone is doing the same thing.
I have Progressive insurance for 10 years now. I went up through their "tiers" and am now an Emerald member. Which was suppose to mean my premiums go down with no claims. Instead, it has gone from $85 a month, up to almost $155 a month now, with no claims. I understand this is the USA, capitalism, and all that. But this is happening in every sector of our day to day lives. Oil companies, lumber, groceries', utilities, insurance companies, everything we need to survive is getting price gouged by the greedy. Until our government steps in and does something, it's just going to keep happening. I don't know the answer. It don't affect the companies. They are reporting record profits, then if you raise the taxes on them, they pass it on to consumers, and they keep on reporting record profits while hurting us. Just a vicious cycle. Maybe we need to eliminate Wall Street. They care more about share/stockholders more than their consumer.
They should have to publicize everyone's property tax for everyone to see. There is a lot of corruption in property taxes.
Sisters house insurance usaa went up 300.00 in 2023 then 1200.00 2024 . But she no where in a danger zone and no claims claims in 34 years . They say they did it because it would cost 350k to rebuild the home but paid 180k for it. Htf 350k when lumber is below prepandemic prices.
$1105.37 and im PISSED. Ohio citizens filed a lawsuit
Time to stop paying these unrepresented taxes.
My property taxes went down since i moved into a lower tax area
that's awesome!
Some of these are not smart enough to own a home…their attorney should have made them aware of this…my guess she did not have an attorney.
Assessment has nothing to do with value it is just a way to allocate RE taxes for an area
It is based on comparative values of properties in an area..
I have a 3.2%intrest rate im lucky
that's a great position to be in!
in the UK local authorities can only raise property tax by up to 5% (per year), to go above that they have win a local referendum.
Another thing people are putting to much money into their homes lol
Too much money into repairs or overpaying for the property?
Not all of us live in Chicago in Illinois we can't afford that we live on fixed incomes and were barely making it and you want to take our homes we can't afford the taxes property taxes
60% of property taxes tends to go to school systems. People will need to either run for office on a campaign to cut revenue to schools. Or, my preferred proposal, allow homeschool families to access the money being spent by the State. It's $15k on average per student across the country.
If you have 5 kids, the State and county should be sending you $75k yearly. ❤
I get that. I just don’t understand how they expect the everyday person to afford such a dramatic increase. It’s ridiculous. That’s an interesting idea regarding the homeschool, I never thought of that.
Americans will abuse it. Bad idea
@@blackrealestatedialogue You will own nothing and you will be happy...or else
@@safeandeffectivelol that's their ultimate goal
So...in a class of 20. It costs $300,000? WOW! Why is it that private education is so much cheaper and better?
In Pennsylvania we have a Homestead exemption that decreases our property taxes and provides rent rebates. The law was passed in 2006 by our democratically controlled state House of Representatives.
I pay half of my property assessed tax value.
It’s important to pay attention to the legislative branch of government bc they control your money. Policy matters. The South focus on tradition and heritage while kitchen table issues go neglected.
Thanks for sharing this info
Florida has also canceled policy in Florida
I don't understand how Property Taxes is based on property value. The council running the suburb should see the costs of running (garbage collection, park maintenance, etc) add 10% for savings fund for future problems of improvements, then divide that by the number of properties and there's your Property Tax amount. Property Tax should be for the amenities and services provided.
It's happening everywhere!!!
Im happy the roads stay bad AND SCHOOL STAY BAD WITH ALL THE PROPERTY TAXES LAWSUIT TAKE THE MONEY
Are people this dumb ? Wow my taxes went up because i've been reassesed .
What do you mean?
Thinking outside?
The box I have 3 houses and 7 Arkansas. In one counmy, total tax bill is about $280 per year. Sometimes you can find little towns where you can buy cash and use your skill your wit. Access and resources to make a living and not take. There are other options just like TH-cam to get to where you are. If you do the same as everyone else, Percentages of failure, etc. Will be along the lines as everyone else. A good.
Rule is 40% even though it sounds crazy. Buy a home for no more than forty percent of What you're approved for.
It was in 8th. grade, 44years ago, that I learned about property taxes. _”That sure sounds a bit like the Serfdom/Manorialism we just learned about,”_ I told the teacher. _”No, no, its different. It’s how we* pay for things like schools…”_
I didn’t buy it. Well, I was right.
*Notice the collective “we.”
How many of you complaining voted for this? There are about 1.4 million migrants invited into our country annually by the democrats. Think about that number for a moment. In the past 10 years that's 14 million added people to the population. Migrants now exceed births in this country. In addition there are 80,000+ h-1b visas every year, plus their dependents. So add about another 300k thousand every year. About 17 million per decade. These people absorb the lower income housing that is available and the h-1b workers generally compete for middle income housing. High demand drives up prices. The hardest hit are those that are just scraping by. And those that are in that bracket tend to vote democrat. It's just facts people. Are you partially to blame?
In many places houses that have been owned for a long period of time are subject to special tax rates. For example in Michigan there is Proposition A tax rates. This Prop set the maximum TAXABLE value on a primary residence property owned when it went into effect to a fixed amount a year. Until that house is sold the rate of increase is capped. When the house is sold, the prevailing tax rate is applied to the sale price. I am one of those living in one of these houses. My current taxes are approx. $4800 a year. If I sell this house which is now appraised at $600,000 the new owner will have property taxes in excess of $12,000 a year. Any realtor that doesn't notify the byer of this fact should be jailed. This is why so many of us retirees will not sell our houses. If I sold my house and bought one worth half as much, my property taxes would be about $6000 a year and I would have to pay capital gains on approx. $200,000.
I understand what going on. Bonds for municipals are due and even more are needed because most infrastructure hasn't been done since the earlier 90s. Also, states, counties, and cities can't print money. Insurance companies are highly leveraged in commercial real estate which gets renewed frequently (unlike home loans) so it's a solid economic hedge trending the economy. Now, commercial real-estate is going bust. Well, what do you know? Who would have thought that the economy would stagflate and insurance fraud skyrocket after COVID? Investors need a premium to make investing in insurance worth it because the equities market has been on fire for a long time, so they demand the kitchen sink. Who would have known the weather would worsen year over year? Sorry folks, Uncle Sam and aunt False Promis are gonna take it out your #%$!
Um- throw the property in a land patent and put it in a trust!!! No taxes!!!! Um - why r u listed as a tenant on your title - CUZ IT IS NOT YO HOUSE!!!!! THEY WANT EVERYONE TO BE RENTERS!!!!!! U GOT THAT RIGHT - SIR.
Cape Coral is the same. My taxes tripled. Yes,tripled! The City Council gave themselves a raise from 40K to 80K and there is no excuse for this. Bureaucracy isn't Royalty.
So...what do they gain when middle class folks who work as teachers, nurses, bus drivers and etc, can't afford to live in these homes? Its like a snake eating its own tail. I would purposely make my property less desirable, if that would lower the property tax
Cities and counties claim they need the huge increases to fund the budget, but... house values have skyrocketed, meaning taxes have gone up, naturally. To increase the tax rate, increasing taxes by even more, shouldn't be necessary, since the cities/counties are already raking in more money. Americans are being forced to trim their budgets and yet cities/counties feel like they just need more, more more, when they should be tightening their belts and cutting budgets, as well. For many retirees that paid their homes off, expecting to have a secure retirement. Having property taxes increase by huge amount means many seniors will have to sell their home.
"You will own nothing and be happy." - Klaus Schawb:- WEF Chairman.
Crook county went wild with property taxes. Lake County is crazy high. What's happening in IL is a pension blob that getting larger by the day. It must be fed and there is no other alternative besides a change in the state constitution.