Re: help reading appraisal from revaluation

Posted by jcguy05 on 2018/2/2 15:16:26
Quote:

avinandre wrote:
What happens if you move out of PILOT will it be 1.62*584k ?


i dunno, i am so confused with this abatement, i wish there is a site or someone knowledgeable who can explain.

Going by 584k * 1.62 = $9460, i will actually be paying the same as with abatement which is: $8000 (abatement) + 1620 = 9620.

And if you remove abatement all together, my previous regular tax below, which is 132800*0.078 = $10358.

So my property tax actually went down a little? But then why is only 3500/132800 regular tax last year, but this year it is 100000/584700 regular tax? None of this makes any freaking sense.

My current 2017 assessment (include exempt + taxable portion) is $132,800
-TAXABLE PORTION: $3,500 (actual taxes @ 7.8 rate/$100 assessed = $273)
-EXEMPT PORTION: $129,300

New 2018 assessment is $584,700
- TAXABLE PORTION: $100,000 (estimated taxes @1.62 rate/$100 assessed = $1,620)
- EXEMPT PORTION: $484,700

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