So let's say there was a natural disaster that destroyed your home...

[Czar]

Who expects not to pay property taxes ever? Be responsible, have insurance.

 

[vraiblonde]

Who expects not to pay property taxes ever? Be responsible, have insurance.

Well, I'm wondering about that, too. I get that insurance companies are a pain in the ass and like to try and get out of paying up, but by now most of the claims should have been settled.

That said, I don't think you can expect property owners to pay taxes on a house that no longer exists, or exists in severely diminished condition.

 

[LightRoasted]

For your consideration ...

Well, I'm wondering about that, too. I get that insurance companies are a pain in the ass and like to try and get out of paying up, but by now most of the claims should have been settled.

That said, I don't think you can expect property owners to pay taxes on a house that no longer exists, or exists in severely diminished condition.

Hahaha. Not laughing at you, just out loud. There is no mechanism within government for the temporary abatement of property taxes in such cases. And there never will be. Government does not care about its people. They will keep the extortion racket going for as long as possible.

BTW. Some claims may have been settled, but that doesn't mean that these houses have been fully repaired and/or rebuilt yet. And when that does finally happen, you can bet that property assessments will increase for these people because now, now they will have increased home valuations because the depreciation values have been reset. Because, new.

Also, property taxes being unconstitutional under the takings clause.

 

[Hijinx]

I hate to say it but lightroasted is right.
These people lost all they had and if and when they get a new home their taxes will be raised.
And until that home is replaced their taxes will remain the same

 

[vraiblonde]

I hate to say it but lightroasted is right.
These people lost all they had and if and when they get a new home their taxes will be raised.
And until that home is replaced their taxes will remain the same

But aren't property taxes assessed at value? So if the home is demolished, one would think that would affect the value of the property.

 

[Hijinx]

But aren't property taxes assessed at value? So if the home is demolished, one would think that would affect the value of the property.

In the case in St. Mary's County it probably would, but it would take 3 years to do it ,dependent on when the assessment comes out.

 

[GURPS]

But aren't property taxes assessed at value? So if the home is demolished, one would think that would affect the value of the property.

Yes there is, but the Gov does NOT operate that quickly to reduce taxes ...

 

[LightRoasted]

For your consideration ...

But aren't property taxes assessed at value? So if the home is demolished, one would think that would affect the value of the property.

The only way this would apply is in the case of razing, (demolition/removal), of a house, (requires a permit), from the land and restoring the land to its original state. At which point only the land would be assessed for property tax purposes. This btw is rarely done.

Properties are assessed at their perceived value, yes. But even a destroyed 4 bed, 3 bath, with finished basement home on 1 acre, is still listed and assessed in the State's assessment system as a 4 bed, 3 bath, with finished basement home on one acre. It is assessed as such, even if left destroyed for months on end regardless, because, it will be there again after being rebuilt.

 

[Hessian]

I appealed a property tax many years ago in NC...it was surprisingly easy.
I went before a council of fellow citizens....explained I spent the whole day laboring on an overgrown lot...
Showed them a photo of where the house HAD been before it burned down...explained that there is NOTHING left.
Boom, my rates have dropped.
Will be rebuilding this year so guess what.