Re: Property Tax Assessments 2019
Posted: Tue Jun 25, 2019 8:44 am
I bet the last to drop will be Mr library himself.
This whole mess is totally off the charts. On that I did see this browsing around on line but do not know if it's technically valid, correct, legal, etc.chaglang wrote: ↑Tue Jun 25, 2019 6:34 am It’s not unfair to think that Jackson County has an ethical obligation not to hike rates as quickly as they have. Residents have made life choices based on their household budget, including approving tax increases for things like the GO Bond. For most people, property taxes are a large part of that budget. The decades-long practice of below market assessments set the expectation with taxpayers that this just how things work, which is not unreasonable because very few of us are tax or county governance experts. I understand that the county is trying to come into compliance with state law, but not being in compliance didn’t seem to be a big deal to the state. The state wasn’t demanding the county comply immediately. So there’s no reason why the county couldn’t phased this in over 3-4 assessment cycles.
Even when they do that, though, it's not really going to help much for the people whose property value went up 300% (or 490% in my case (and it's STILL undervalued)).KCPowercat wrote: ↑Tue Jun 25, 2019 7:49 am After reading the background I have no issues with what the county did. It's on the ones who set the dates to lower rates now to assist taxpayers. Will any of them do it? Lol
rsmo 137.115 subsection 10Steve52 wrote: ↑Tue Jun 25, 2019 12:18 pm This whole mess is totally off the charts. On that I did see this browsing around on line but do not know if it's technically valid, correct, legal, etc.
"I just spoke with the MO State Tax Commission, and they said, unequivocally, that if your Assessment goes up more than 15%, it is required by law that the Assessor must Physically go to your property and do a walk around. This applies to ALL MO Counties.... I confirmed three times with the Tax Authority. Though there are more specifics regarding St. Louis County, she said, every which way, All MO Counties who raise their Assessments over 15%, need to go to the property and walk around, making notes. An aerial view does not count for over 15%."
It's not unequivocal but they should be able to prove the cause of the increase is from those two items.Before the assessor may increase the assessed valuation of any parcel of subclass (1) real property by more than fifteen percent since the last assessment, excluding increases due to new construction or improvements, the assessor shall conduct a physical inspection of such property.
Guess it depends how much they drop it but realistically yes.TheBigChuckbowski wrote: ↑Tue Jun 25, 2019 12:43 pmEven when they do that, though, it's not really going to help much for the people whose property value went up 300% (or 490% in my case (and it's STILL undervalued)).KCPowercat wrote: ↑Tue Jun 25, 2019 7:49 am After reading the background I have no issues with what the county did. It's on the ones who set the dates to lower rates now to assist taxpayers. Will any of them do it? Lol
As part of the 2019 reassessment process, @JacksonCountyMO received 21,742 informal reviews, which is approximately 7.3% of all parcels. Reminder: Deadline to file appeal with BOE is July 8.
Are we sure those numbers are correct? LOL. Anyway the BOE will likely be busy when the "heavy hitters" start lining up.DaveKCMO wrote: ↑Tue Jun 25, 2019 5:39 pm https://twitter.com/MarshannaHester/sta ... 9944227840
As part of the 2019 reassessment process, @JacksonCountyMO received 21,742 informal reviews, which is approximately 7.3% of all parcels. Reminder: Deadline to file appeal with BOE is July 8.
Well people can go to the bank now and cash in on some equity. Hey my $70K shack is now $370K. Make it all c-notes.KCPowercat wrote: ↑Tue Jun 25, 2019 2:46 pmGuess it depends how much they drop it but realistically yes.TheBigChuckbowski wrote: ↑Tue Jun 25, 2019 12:43 pmEven when they do that, though, it's not really going to help much for the people whose property value went up 300% (or 490% in my case (and it's STILL undervalued)).KCPowercat wrote: ↑Tue Jun 25, 2019 7:49 am After reading the background I have no issues with what the county did. It's on the ones who set the dates to lower rates now to assist taxpayers. Will any of them do it? Lol
Johnson County can use the process described in the article because their data is vastly superior to Jackson County's and they attempt to inspect most houses after they sell. They have first hand knowledge of most sales. Jackson County's data inconsistent to the point that it really shouldn't be relied upon. A lot of their data is decades old. They attempted to update some areas of the county a few years ago, however, they sent commercial appraisers to measure houses and they included basement areas in the GLA which screwed everything up. Side splits, atrium splits, cal splits and other similar houses are now being compared to much larger houses now. So even when they try to update their data they screw it up. They have access to sale prices, permit data, etc, however, they don't use that information as much as they should. A lot of the sale information is sitting in boxes that will be put into their systems...sometime. Even when they had access to MLS data they had no idea how to consistently incorporate that data into their models. I could go on. The whole department is a complete mess.
Thanks. Getting some information on the method they used (as opposed to what they did not use) is much more informative.KCAppraiser wrote: ↑Wed Jun 26, 2019 3:57 pmJohnson County can use the process described in the article because their data is vastly superior to Jackson County's and they attempt to inspect most houses after they sell. They have first hand knowledge of most sales. Jackson County's data inconsistent to the point that it really shouldn't be relied upon. A lot of their data is decades old. They attempted to update some areas of the county a few years ago, however, they sent commercial appraisers to measure houses and they included basement areas in the GLA which screwed everything up. Side splits, atrium splits, cal splits and other similar houses are now being compared to much larger houses now. So even when they try to update their data they screw it up. They have access to sale prices, permit data, etc, however, they don't use that information as much as they should. A lot of the sale information is sitting in boxes that will be put into their systems...sometime. Even when they had access to MLS data they had no idea how to consistently incorporate that data into their models. I could go on. The whole department is a complete mess.