Comments on: How To Reduce Real Estate Taxes http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 06:04:27 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: thc http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html/comment-page-1#comment-55197 thc Wed, 03 Jan 2007 02:27:12 +0000 http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html#comment-55197 In California, real estate taxes are based on the purchase price of the home, not its appraised value, so there's not really anything to contest. Taxes are still allowed to creep up a little bit each year and now ours have crossed the $9,000 mark. Yippee! In California, real estate taxes are based on the purchase price of the home, not its appraised value, so there’s not really anything to contest. Taxes are still allowed to creep up a little bit each year and now ours have crossed the $9,000 mark. Yippee!

]]> By: Anonymous2 http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html/comment-page-1#comment-53981 Anonymous2 Thu, 28 Dec 2006 16:54:25 +0000 http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html#comment-53981 Sure, it's a lot more satisfying to blame the local government than to accept that you got caught up in a bubble. Sure, it’s a lot more satisfying to blame the local government than to accept that you got caught up in a bubble.

]]> By: Anonymous http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html/comment-page-1#comment-53840 Anonymous Thu, 28 Dec 2006 04:21:16 +0000 http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html#comment-53840 Yes, the value of a house can easily fall below the purchase price. Bubbles aren't the only cause either. Massive layoffs by large local employers can do it. So can excessive meddling by local government. Yes, the value of a house can easily fall below the purchase price. Bubbles aren’t the only cause either. Massive layoffs by large local employers can do it. So can excessive meddling by local government.

]]> By: bam http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html/comment-page-1#comment-53803 bam Wed, 27 Dec 2006 22:31:59 +0000 http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html#comment-53803 "Unfortunately, I believe the artificial floor of your valuation is the price you paid for your home so you can never get it lower than that (it can’t possibly be worth less than what you paid for it, since you likely had a home appraiser come and value the home for a mortgage lender)." Not really. If you make the mistake of buying at the height of a bubble market or prior to some other unforeseen downturn, then you are well-advised to get re-appraised. My neighbors (and many others) did this in the early 90s when local housing prices crashed. “Unfortunately, I believe the artificial floor of your valuation is the price you paid for your home so you can never get it lower than that (it can’t possibly be worth less than what you paid for it, since you likely had a home appraiser come and value the home for a mortgage lender).”

Not really. If you make the mistake of buying at the height of a bubble market or prior to some other unforeseen downturn, then you are well-advised to get re-appraised. My neighbors (and many others) did this in the early 90s when local housing prices crashed.

]]> By: Bryan C. Fleming http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html/comment-page-1#comment-53791 Bryan C. Fleming Wed, 27 Dec 2006 20:01:14 +0000 http://www.bargaineering.com/articles/how-to-reduce-real-estate-taxes.html#comment-53791 RealEstate Taxes Follow the Golden Rule: "He who has the Gold makes the Rules" I think we're all just stuck paying them. You know when the tax bill arrives because all my neighbors look bummed out. - Bryan http://www.BryanCFleming.com RealEstate Taxes Follow the Golden Rule:

“He who has the Gold makes the Rules”

I think we’re all just stuck paying them. You know when the tax bill arrives because all my neighbors look bummed out.

- Bryan
http://www.BryanCFleming.com

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