Housing market trash

VortecJeep said:
Don’t forget, you can appeal your property value.
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But if they look again, they might decide to up it even more! I'm in that spot that probably most of yall are, where the tax value is way too high in my opinion, but the market value is also way higher than tax value.
 
AND now we know what the problem is....apathy. Can't control? What non-sense is that?

Who said you HAVE to pay them? Why are 'they' still in power?

I'm not angry, I do my part to vote the corrupt morons out of office....just spreading the word in hopes enough catch on and things change. Things can change. We do control it.
 
CarolinaHD said:
Reminds me I need to appeal the value of my 67 c50. If they say it's worth $21,000 then they should have to buy it from me for that. Lol.
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I did that on one of my older cars. they took 2/3 off the value.
they just randomly put these high values on things knowing 99% of the public won't complain.
 
RatLabGuy said:
40%+ of that sq footage must be the basement, which is 90% sub terrain. The footprint of that house isn't that big. And if you look closely a big chunk of it isn't finished (the 2nd lower garage?).
At least there's a lot of room for cars.
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And to give a little perspective...I either have weird shit like this, if I want acreage:

www.zillow.com

160 Johnson Dairy Rd, Rockwell, NC 28138 | Zillow

160 Johnson Dairy Rd, Rockwell NC, is a Single Family home that contains 3729 sq ft and was built in 1987.It contains 2 bathrooms. The Zestimate for this Single Family is $619,700, which has decreased by $2,547 in the last 30 days.The Rent Zestimate for this Single Family is $3,191/mo, which...
www.zillow.com www.zillow.com

Or...you can get something decently nice, with no property:

www.zillow.com

115 W Glenview Dr, Salisbury, NC 28147 | MLS #3873525 | Zillow

For sale This 4030 square foot single family home has 5 bedrooms and 5.0 bathrooms. It is located at 115 W Glenview Dr Salisbury, North Carolina.
www.zillow.com www.zillow.com

So to see something with some decent square footage, with a little bit of a lot and good garage space, for under $600k, was a little bit of a treat.
 
benXJ said:
AND now we know what the problem is....apathy. Can't control? What non-sense is that?

Who said you HAVE to pay them? Why are 'they' still in power?

I'm not angry, I do my part to vote the corrupt morons out of office....just spreading the word in hopes enough catch on and things change. Things can change. We do control it.
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Don't pay and let us know what happens.
 
benXJ said:
AND now we know what the problem is....apathy. Can't control? What non-sense is that?

Who said you HAVE to pay them? Why are 'they' still in power?

I'm not angry, I do my part to vote the corrupt morons out of office....just spreading the word in hopes enough catch on and things change. Things can change. We do control it.
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As right as you are, if it is that easy, then have you considered that maybe you are in the minority, and the majority likes it how it is?
 
benXJ said:
nobody? no 'group'? was the ability to tax me every year on some non-realized, arbitrary 'value' on my house carried down the mountain by Moses? and if I don't pay or don't agree, they can take my paid for house. madness.
'needing' money to operate is not the same as 'no one can change or enact tax laws and procedures'

never ONCE have I said we should pay no taxes or that taxes aren't needed.
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And yet to date you have not proposed any actual viable solution that is any better or possible.
Soooo......
benXJ said:
AND now we know what the problem is....apathy. Can't control? What non-sense is that?
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No, the problem is lack of a person leading the charge with a better solution. That is actually possible, not just rants and pipe dreams.
Which leads us to
jeepinmatt said:
As right as you are, if it is that easy, then have you considered that maybe you are in the minority, and the majority likes it how it is?
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Or, similarly, the majority have learned they don't have a better solution either and aren't wasting their time changing something they can't make better.

and so we are back to
benxj said:
who told the guy in the tax office what to do?

Sounds like the mayor/council;/commissioners (all elected officials) have the power
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which is irrelevant unless he actually has a means or plan to use said power based on a novel, actionable, viable plan..
 
UTfball68 said:
And to give a little perspective...I either have weird shit like this, if I want acreage:

www.zillow.com

160 Johnson Dairy Rd, Rockwell, NC 28138 | Zillow

160 Johnson Dairy Rd, Rockwell NC, is a Single Family home that contains 3729 sq ft and was built in 1987.It contains 2 bathrooms. The Zestimate for this Single Family is $619,700, which has decreased by $2,547 in the last 30 days.The Rent Zestimate for this Single Family is $3,191/mo, which...
www.zillow.com www.zillow.com
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I know they say beauty is in the eye of the beholder, but that is FUGLY!
 
RatLabGuy said:
Depends what you mean by "history".
Its been about 15 years since this high.
So the only people with mortgages today who may have an interest rate higher would be somebody who has been in their current place for that long AND did not refinance during any of the much lower past, which would be insane not to.
What % of the population is that? It has to be a tiny amount of the mortgage market share.
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jeepinmatt said:
The answer should be basically none, but I bet it's more like 30-40%. I had a coworker who's mortgage was north of 5%, but didn't want to refi when it was below 3% because they had "been in the house too long and it wasn't worth it". They also were cash strapped, and I pointed out they could get a higher rate and credit back or cash out and STILL pay less in interest, and they just looked at me like a deer in headlights.
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FYI
6lqdrjb7byna1.png

IOW it would suck to be a loan agent trying to make $$ on refi right now with only 1% of the entire market to pull from
 
shawn said:
52% of Americans pay $0 in Federal tax. Many of those get additional rebates.
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explain? why how where.......clueless on this
 
WARRIORWELDING said:
explain? why how where.......clueless on this
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Well, to start with, most kids don't pay taxes, so that's 1/4 of the population. Which leaves 1/3 of the remaining population, which sounds about right.
 
jeepinmatt said:
Well, to start with, most kids don't pay taxes, so that's 1/4 of the population. Which leaves 1/3 of the remaining population, which sounds about right.
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damn I wanted a more confusing answer......duh!
 
WARRIORWELDING said:
explain? why how where.......clueless on this
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Because of deductions and the distribution of income, a lot of people fall below the line of actually owing any Federal taxes.
It isn't actually over 50% any more though, but last year it was
www.statista.com

Households paying no income tax by income level U.S. 2022 | Statista

In total, about 59.9 percent of U.S.
www.statista.com www.statista.com
This article explains a little more
www.cnbc.com

57% of U.S. households paid no federal income tax last year as Covid took a toll, study says

More than half of Americans paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report.
www.cnbc.com www.cnbc.com

EDIT: although a couple years old now, some interesting statistics here
taxfoundation.org

Summary of the Latest Federal Income Tax Data, 2023 Update

The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.
taxfoundation.org taxfoundation.org
 
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RatLabGuy said:
Because of deductions and the distribution of income, a lot of people fall below the line of actually owing any Federal taxes.
It isn't actually over 50% any more though, but last year it was
www.statista.com

Households paying no income tax by income level U.S. 2022 | Statista

In total, about 59.9 percent of U.S.
www.statista.com www.statista.com
This article explains a little more
www.cnbc.com

57% of U.S. households paid no federal income tax last year as Covid took a toll, study says

More than half of Americans paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report.
www.cnbc.com www.cnbc.com

EDIT: although a couple years old now, some interesting statistics here
taxfoundation.org

Summary of the Latest Federal Income Tax Data, 2023 Update

The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.
taxfoundation.org taxfoundation.org
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Do you habitually cite sources that release year end assessments in October?

Google better next time.
 
Welp Meck co just published new tax values. Mine just went up by 50%. And its 20k over Zillow. Need to find the resources to fight that.
 
Futbalfantic said:
Welp Meck co just published new tax values. Mine just went up by 50%. And its 20k over Zillow. Need to find the resources to fight that.
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It's as simple as a trip to the tax assessor office and filing a dispute.

Had to do it for my property last month
 
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