Submitted by DC-DE t3_120o22h in washingtondc
I was assessed a 7% increase over 2023 for a condo in Shaw.
Do you feel your latest property tax assessment is fair and appropriate given market conditions? Will you appeal?
It just "feels" like we are all being taken to cleaners as punishment for the Feds not returning to the office. We get hit with property taxes, some of the highest income taxes in the US, no representation, and lots of crime!
Is it an investment property? Houses getting the homestead deduction are capped at 10% a year for property tax increases.
No, I live here. I don’t know much about that I should look into it
Reddit just saved you cash
Ah ok. I took a look at the property tax sheet. While the ASSESSED value increased by 17%, the taxable part increased by….exactly on the dot 10%. I was confusing assessment with the taxable portion. Shoutout to u/rolo-lolo and u/Gumburcules
Sorry everyone, all this tax stuff is not my thing.
Taxes aren't my thing either, I got a guy for that but money is very much a thing I'm concerned about so I dig into it every year.
Woah
[deleted]
How? I've never seen a decrease in DC.
Are you genuinely curious? If so, I’d be happy to dm you a photo of it
It's not that I don't believe you, other people seem to be saying similar things, it's just I've never seen them do a decrease before and not known it to happen.
I think Columbia Heights is an anomaly of an area when it comes to long term change
There's also the issue that condos are much harder to assess from the exterior of a large building. Regular assessments are conducted both "automatically" and visually.
Our condo in G’town jumped, but I forget by how much. It has increased each year since we bought in 2018. We’re considering appealing, but have no idea what that entails.
It's a PITA and it's super hard to win.
I kind of assumed this would be the case. 😔
I was considering trying this year but the property analysis was late and the window to appeal is so small.
I have a townhome attached to one other townhome in Deanwood, and my assessed value dropped 1.3%.
[removed]
Where do you check and when does it get updated
You should receive a notice in the mail about 6 weeks before the bills are issued. Which means mid-February.
They were mailed late this year so late February for a lot of people.
"Some of the highest taxes in the U.S."? Is this true? I always thought after reading various analyses we were above average but not close to the top.
We are definitely up there in income taxes from what I’ve read, though it depends on your tax bracket. Property taxes are some of the lowest in the country but at the same time we have some of the highest priced property.
Someone in my building said their's jumped, so I looked at mine but nothing. It could be because he bought the unit 2 years ago. We bought 3 years ago and it never adjusted
Appraisals run on a 3 year cycle, you may be in the window, but won't be for long.
We bought it in Oct 2019. The last purchase that was more expensive by 300K for a similar unit was 7 months ago .
Ours jumped quite a bit, but it’s still lower than a lot of the comparable houses around us so I decided to let it go.
jeffreyhunt90 t1_jdicfxy wrote
Mine (Shaw) increased 17% despite private companies estimating the value went down by 5%.