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Duffmanlager t1_iyclbmu wrote

Reply to comment by mijaschi in $600 Mortgage Payment Increase??? by NachoDog1000

Almost sounds like this was new construction and the previous taxes were based on the land value and not with the house built on it. Now that there’s a house, the property was reassessed so the annual taxes are higher.

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NachoDog1000 OP t1_iycw6r7 wrote

The house was built 80 years ago

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Duffmanlager t1_iycy4b1 wrote

Well, there goes that idea. Any chance your property was reassessed? In my county, they reassessed all properties recently for the first time in 20+ years. Some properties saw significant changes in their taxes as a result of this. I’ve heard some places will reassess upon the sale of the property which can cause severe changes if the property hadn’t sold in a long time. Depending on where you live, Zillow can be a good resource for determining historical taxes and assessed value.

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