Today's word is "Property Taxes" - GoFuckYourself.com

Redrob · 06-15-2010, 07:10 AM

Today's word is "property taxes." In order to reduce your tax bill and keep your money, you need to show that the value of your property is overvalued by the local appraisal board.

Some things that can lower the appraised value of your property are needed repairs, easements, your neighbor's values, the amount of income the property generates and the sale prices of recently sold similar properties in your area.

By studing these items, if you can show that your property is overvalued, you can appeal the value and possibly have your property revalued to a lower amount; and, thereby, lower you tax bill.

As webmasters, how do property taxes affect your operations? In Texas, we have to pay taxes on our personal property including computers, desks, books, and the like in addition to our real estate.

PS. If you find your real estate may be undervalued, you are not obligated to correct the appraised amount. However, if the personal property is undervalued, you are obligated to correct the amount or face potential penalties.

JFK · 06-15-2010, 07:15 AM

taxes on personal property sound ridiculous. I'm sure you pay tax on it when you buy it, by the time you get it home, the shit is devalued by 50% at least. Then you are taxed on it again

Redrob · 06-15-2010, 07:21 AM

But, then.....we don't have a state income tax.

Rochard · 06-15-2010, 09:10 AM

Quote:

Originally Posted by JFK

taxes on personal property sound ridiculous. I'm sure you pay tax on it when you buy it, by the time you get it home, the shit is devalued by 50% at least. Then you are taxed on it again

We are taxed out the ass if you think about it. Our earnings are taxed. Then when we spend that money, we are taxed again. Think about it.

Fbomb - BANNED FOR LIFE · 06-15-2010, 10:06 AM

I really think that most people here actually own a property?
Please.

Sosa · 06-15-2010, 11:27 AM

Got notice a few weeks ago our property went up 40k while the exact same house basically next to us sold for 80k less than our new appraised value... Going to appeal and see what happens.

JFK · 06-15-2010, 12:12 PM

Quote:

Originally Posted by Rochard

We are taxed out the ass if you think about it. Our earnings are taxed. Then when we spend that money, we are taxed again. Think about it.

dont really want to, too depressing

Peaches · 06-15-2010, 01:11 PM

My county FINALLY got on the stick and lowered assessments. Some stuff I have has been lowered 50% (though they are all still overvalued). But I suspect when they figure out the millage rate my actual bills won't go down.

Tom_PM · 06-15-2010, 01:22 PM

Quote:

Originally Posted by Sosa

Got notice a few weeks ago our property went up 40k while the exact same house basically next to us sold for 80k less than our new appraised value... Going to appeal and see what happens.

They dont want to make it hard to MOVE there, they just want to make it hard to LIVE there.

IllTestYourGirls · 06-15-2010, 01:30 PM

Just wait until your states need to start paying for the new health care bill. You will just LOVE it!

andrej_NDC · 06-15-2010, 01:51 PM

I paid around $100 for my house a month ago, yearly payment.

06-15-2010, 07:10 AM	#1
Redrob Confirmed User Industry Role: Join Date: Oct 2004 Location: In a refrigerator box by the tracks. Posts: 4,790	Today's word is "Property Taxes" Today's word is "property taxes." In order to reduce your tax bill and keep your money, you need to show that the value of your property is overvalued by the local appraisal board. Some things that can lower the appraised value of your property are needed repairs, easements, your neighbor's values, the amount of income the property generates and the sale prices of recently sold similar properties in your area. By studing these items, if you can show that your property is overvalued, you can appeal the value and possibly have your property revalued to a lower amount; and, thereby, lower you tax bill. As webmasters, how do property taxes affect your operations? In Texas, we have to pay taxes on our personal property including computers, desks, books, and the like in addition to our real estate. PS. If you find your real estate may be undervalued, you are not obligated to correct the appraised amount. However, if the personal property is undervalued, you are obligated to correct the amount or face potential penalties.

06-15-2010, 07:15 AM	#2
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	taxes on personal property sound ridiculous. I'm sure you pay tax on it when you buy it, by the time you get it home, the shit is devalued by 50% at least. Then you are taxed on it again __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

06-15-2010, 01:30 PM	#10
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	Just wait until your states need to start paying for the new health care bill. You will just LOVE it! __________________

06-15-2010, 07:21 AM	#3
Redrob Confirmed User Industry Role: Join Date: Oct 2004 Location: In a refrigerator box by the tracks. Posts: 4,790	But, then.....we don't have a state income tax.

06-15-2010, 10:06 AM	#5
Fbomb - BANNED FOR LIFE So Fucking Banned Join Date: May 2010 Location: Mexifornia Posts: 970	I really think that most people here actually own a property? Please.

06-15-2010, 11:27 AM	#6
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	Got notice a few weeks ago our property went up 40k while the exact same house basically next to us sold for 80k less than our new appraised value... Going to appeal and see what happens.

06-15-2010, 01:11 PM	#8
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	My county FINALLY got on the stick and lowered assessments. Some stuff I have has been lowered 50% (though they are all still overvalued). But I suspect when they figure out the millage rate my actual bills won't go down.

06-15-2010, 01:51 PM	#11
andrej_NDC Registered User Industry Role: Join Date: May 2004 Posts: 7,760	I paid around $100 for my house a month ago, yearly payment.