Enjoy.
AVI Calculator
My increase is $700 or less (depending on homestead, etc.) -- definitely less than I expected. So, the sky is not falling.
It's still F'd up. Mine value is half that of the identical houses to either side of me (in SWCC). Still, I win!
Mine looks low, as do my friends.
Their assessed value for my property is pretty close... within $1,000.
The thing interesting is the land value assessment. The land assessment for my house and the land assessment for the vacant lot next to me... same size lot, onyl difference is one has a structure and the other doesn't... and the values are different by 5%. Shouldn't the land be assessed exactly the same?
Yay, my taxes go up $4000 per year!
Oh and the 3 year old, 400 sq ft larger home across the street is valued at 50K less than my house.
Yippie!
I'm thinking the homestead exemption is dead, which is probably good for Bill Green's political aspirations and a lot posters on this forum.
Ok, anybody have taxes go down?
my house if valued at $35k more than I paid for it last year.
I bought my home in August and the "Actual Value" is 20% more than I paid for it. So either I got a deal on the home or.....
Since I bought my house in 1993, I can't use purchase price in any way to compare accuracy, but the FMV they put on my house is probably pretty close. It is less than Zillow, but I think Zillow is high for my property given that I haven't done nearly as much upgrading and rehabbing as my neighbors have.
I have to say the release of this calculator right at the beginning of the spring RE market is a giant f#ck you to anyone who is trying to sell right now.
This doesn't effect me that much as I plan on holding my little rowhouse sized slice of Philadelphia heaven forever but I'm just completely annoyed by the slow motion boondoggle that this is going to turn out to be.
As I posted in the other active AVI thread a few days ago, my new assessment is roughly what a private appraisal conducted last September yielded, though the city's assessment is $1,600 higher, and my new market value is also nearly $10K more than my immediate neighbor's, whose home was recently remodeled and is at least 400 sq ft larger. (can't find the exact number because the OPA site has pooped out)
With no homestead exemption, I will see an increase of about $1,225--an increase 115%. I can afford it, though I can't help be somewhat disappointed in that I was hopeful that the assessments overall would be a bit more conservative. And consistent.
So, you're saying that new buyers (and current owners) should have been kept in the dark about what their property taxes will be next year?
Had it been released in, say, December of last year, would it have made any difference? Buyers would still be able to get an approximate read on what their taxes are going to be going forward. And had these numbers been released any later, then owners would not have had sufficient time to weigh their options re: appealing, start putting aside additional money if necessary, etc.
Septa engineers & conductors
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