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throwingutah t1_j9i7hfr wrote

Your dirt got more expensive.

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theblondepenguin OP t1_j9jcw5b wrote

Yep, the house 40k and the dirt 33k. Interestingly I it’s unrealized increased value, I don’t benefit from value but I pay for it.

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LoveOfProfit t1_j9jmzns wrote

Funny that an argument against a wealth tax on billionaires is that its unrealized gains, they'd have to sell stuff to pay for it, etc, but somehow that's not a problem for normal people with a house you get taxed on more and more.

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turnipmeatloaf t1_j9jmrih wrote

Yup that’s how wealth taxes work. Real estate taxes are just wealth taxes on the middle class

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theblondepenguin OP t1_j9ju095 wrote

It is going to hit the lower middle class the most, because landlords are going to pass along the extra cost to the renters who have already seen substantial increases in rent. Pair the increasing rent with the real estate investment trusts and property managers buying up all the property they can homeownership is going to seem more out of reach then ever.

It also drives me bonkers that these companies are in the best position to take the tax advantages that we pay for, in the form of subsidies for eco-initiatives historical preservation,subsidized housing among others.

If they really wanted to help the middle classes they wouldn’t charge property taxes on single family primary residences (even if it is limited to property under a million in value) and increase the price on single family residences that are income producing. Unfortunately it wouldn’t stop the cost from going to the renter but it would at least stop punishing the homeowners for the positive development of an area.

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plummbob t1_j9ko353 wrote

Taxing the rental market more wouldn't lower prices and would worsen the problem you're trying to solve.

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theblondepenguin OP t1_j9kxkz6 wrote

Hence the last paragraph, we can’t solve all the problems that shouldn’t stop us from trying to solve any

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turnipmeatloaf t1_j9jxhky wrote

I would like to see a progressive real estate tax system. Like, one where houses over a certain value have higher tax rates and those with lower values have lower rates.

But I guess the rich would never let that happen

4

theblondepenguin OP t1_j9ke2nq wrote

That would require the politicians to work for the people rather then themselves and their donors

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TheTariffof19892 t1_j9jdbwk wrote

Someone start shooting road signs in neighborhoods. Lower the property value for us please

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Ditovontease t1_j9jo5z4 wrote

nah the gunshots here didn't do shit about rich fucks paying half a mil for a stupid townhouse

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theblondepenguin OP t1_j9lvv3m wrote

The ones they just built by nucklos farm only start at 500 and Ive seen them above a Million. Tbh it was one of the ones that is just two butt to butt. The townhouses are averaging around 700

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Charlesinrichmond t1_j9kdw4m wrote

Every time someone suggests this I think they have never heard of Church Hill... lots of gunfire, lots of prices going up

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upearlyRVA t1_j9j4uc0 wrote

No worries, we'll get $60 back, probably. Mine was up around 16%.

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Chickenmoons t1_j9jbgw2 wrote

My Lakeside spot went up 7.8% and reading these comments I’m feeling lucky.

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OddWelcome2502 t1_j9jhz3y wrote

Lakeside, 39%! We added a shed. It’s a very nice shed, but not that nice.

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Imheretosnoopatcats t1_j9kf1tc wrote

I got the lottery of like ~40%. My neighbor has an identical house and it went up 17%.

3

McFlare92 t1_j9i1eaq wrote

6% this year in chesterfield county, 23% last year. Did you just buy the house? If you did and paid a high price, the county is going to adjust accordingly

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theblondepenguin OP t1_j9i1t28 wrote

Nah I’ve been here for 10 years and this is an older neighborhood it was like 240 when I bought it

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2054 t1_j9i1q24 wrote

This was my experience too.

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UnzippedButton t1_j9jc1vt wrote

11% last year and 22% this year. Yeehaa.

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mikeyneri08 t1_j9jsmao wrote

29% in the last two years for me. If your kids come home from school and tell you a grown man was sitting in on their Earth Science class, don’t mind me. Just getting my money’s worth.

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theblondepenguin OP t1_j9jume7 wrote

If you can find a day they are actually in school. It seems like every week they have a teacher planning day, holiday, special Election Day, march 10th is I shit you not a “wellness day”. . .

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RulerOfTheRest t1_j9i202e wrote

Mine was just under 11% this year in Lakeside...

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CoffeexCup t1_j9i2v9o wrote

I’m in Lakeside and went up just under 10%. I’ve pretty much doubled since 2014.

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Hawthorne_northside t1_j9i4mgi wrote

My total went up, but the assessment on the house went down, while the land went up.

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tarhuntah t1_j9j8opc wrote

Mine did too I’m in Henrico…not sure it’s even worth filing a grievance. I hope they are going to pay their teachers more with the extra money bloat.

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1thetodd1 t1_j9i34o8 wrote

Yeah…25% sucked. It’s gone up the past few years, but this was a huge jump.

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Mr_Kittlesworth t1_j9jhxtr wrote

This is the reverse of the argument that people who bought before the pandemic hit the lottery. Because our homes are more valuable, but we don’t get that money till we sell.

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jwal1992 t1_j9jiv9r wrote

Yiiikes. I remember this happened in Lexington/Rockbridge county in the 2000’s. People were upset about how it was a loop hole for raising taxes.

5

Smack-Kerouac t1_j9jjr0c wrote

Owned my home since 2001 (and have no intention of moving) but got hit with the 25% tax increase this year, too. I thought there was a cap on how much they could go up in a year? Maybe I'm remembering the olden days when I was in the city limits?

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teevanigirl t1_j9jtiob wrote

Chesterfield 20% last year and 21% this year.

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PercyDovetonsils t1_j9k5pei wrote

2.2% last year and 9% this year. I didn’t realize I was living in a depressed area of Chesterfield.

2

bodydamage t1_j9keqp9 wrote

We’re in KW and our assessment is up like 40% YOY

On paper our house has gone up 62% since 2019 which I think is insane.

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hiegear t1_j9jon5x wrote

You should see Powhatan.

2

Gorz0th t1_j9jwn72 wrote

So, what new services is your county going to offer for that extra 600 bucks of expenses that you'll be able to utilize?

2

MuadDave t1_j9kzqga wrote

It was about the same for me up in Hanover. What the hell are they thinking? In the middle of tough economic times, tax the hell out of us. Smart. /s

2

blueskieslemontrees t1_j9jkpi4 wrote

We had 11% last year and 6% this year. Has there been any new developments near you? It does appear they were all targeted adjustments

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theblondepenguin OP t1_j9jlxqc wrote

We are behind deep run we had one house bulldozed and 6 put in its place a few years ago, and there are apartments/condos/townhomes cropping up but nothing like the 1970-80 single fam homes that we are in.

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Smiziley t1_j9k0du4 wrote

We're opposites. Mine went up over 20% last year, 3 % this year.

1

BellyButtonTickler t1_j9kjmck wrote

Hol up. Weren’t we supposed to get some kind of refund last year, and then this year? Did I miss the boat on that?

1

theblondepenguin OP t1_j9kxfvt wrote

I think that was on personal property taxes and it was a credit to the December bill rather then a check

1

AuspiciousToad t1_j9lk34n wrote

Mine went up over 60%. When I called they said “we drove by and saw new siding, new windows, and solar panels, and we just assumed you did work on the inside too and based the estimate off of that”. Nice.

1

Arcangelathanos t1_j9ll25x wrote

What I'm hearing is that I need to make the outside look unkempt.

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Myfourcats1 t1_j9llzew wrote

I’m in Chesterfield. Mine jumped too.

1

tpasmall t1_j9lvi1q wrote

Yep same. Gotta love it.

1

Aggravating_Algae_52 t1_j9jpxlk wrote

Makes me feel very fortunate we don’t have to pay property tax on our home. I think it went up something like 14% last year and I haven’t even paid attention to it this year.

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[deleted] t1_j9jfm2j wrote

[deleted]

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theblondepenguin OP t1_j9keakk wrote

Henrico county put in a 2% prepared food tax I think it was 2012 to pay for all the new green parks that have been built.

1

Unfair_Concentrate65 t1_j9i9gjn wrote

Powhatan and I went up 107k to 900k. Ridiculous

−18

McFlare92 t1_j9ig60p wrote

Nice humble brag about your million dollar house lol

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Unfair_Concentrate65 t1_j9jdcib wrote

It’s one of my 3 so let me brag some more.

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