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Discussion in 'Real Estate' started by spierceisu, Mar 25, 2019.
My assessed land value going up 62%. Awesome.
Here in West Des Moines, all of the schools are either relatively new or have been heavily remodeled in the past 10-15 years. It makes you wonder what else they have to spend money on. Here's one thing for example. They spent millions on building a new stadium, track and field turf, when they already had a perfectly fine stadium before. I'm referring to the one next to the school, not the big football stadium a few miles away. Just seems like they get used to receiving a lot of money every year and need to find ways to spend it.
Going to considered myself lucky with the assessed value only going up 4%. Of course our market sucks and hasn't really changed but I've made enough improvements and I will be looking to sell the house probably pretty soon.
Mine went up about 10%. However, its now pretty much in line for what my house would sell for so I don't have a big problem with it
The new Jail opened in 2007 and the County bonded for that, then. There have been other properties they have bonded for in the last decade.
My total assessment went up 20%. That includes a finish of a 900ish sq ft basement. Same for me, brings it in line with what it would sell for. Seeing that land value jump so much was a jolt though.
Yeah, its though on your tax bill when you're used to a lower amount.
Another informative article from the Register:
Assessment shock: Iowans face sharp increases in home values, Register survey finds
And another (linked there) on ag property:
Farmland assessments decline by as much as 35% in Iowa, but that doesn't mean tax bills will fall
The author of the first article, Kim Norvell, I see is an Omaha native and Iowa State alum. I don’t see the background for the author of the second, Donnelle Eller, but I’ve seen from past articles that she does a great job covering agriculture and related issues.
Would not be fun at Sun Valley Lake and see a $100,000 rise. That is going to hurt badly.
I doubt most people are going to feel bad for folks that have a 2nd home on a lake.
From my first link just above:
You can see where Harrison County is on the map at the link — on the Missouri River, directly west of Des Moines and north of Omaha.
I’m curious what “a new type of buyer moving into” Harrison County means.
Harrison County is quite rural, but includes some pretty scenic parts of the Loess Hills. As to the flooded parts, I would guess the wide, flat river bottom land between I-29 and the Missouri River to the west is or was partly flooded, or perhaps moreso soon, and that the rest of the county, generally hilly, is pretty much OK. Wind-blown, the steepest hills are right next to the river bottom to the east, which makes for quite a contrast.
This topography is apparent in Google Maps.
DeSoto National Wildlife Refuge is right by the river, with its massive annual migration of geese, as well as a museum for the steamship Bertrand, which sunk in 1865, its cargo largely intact when dug up a century later.
Harrison County isn’t the closest, but driving down I-29 is an easy commute to Omaha/Council Bluffs from the north — relatively close to downtown Omaha — particularly compared to the western suburbs. Coming down I-29, you can see the tall buildings downtown many miles away across the wide, flat river bottom. Near the end, you round a river bend where the tall buildings (or perhaps, it, the very tallest building), come directly in front of your view just across the river, just a bit more, before you hop a bridge, and are there.
Prior to going that far south, alternatively, you could take I-680 west off I-29 to other parts of Omaha. Or instead go somewhere in Council Bluffs.
I would guess the “new type of buyer” includes people with second homes, and possibly more commuters.
I no longer live near there and would be interested to know what this new development is.
This will probably attract some comment. Insightful piece on state tax distribution.
Would be interesting to see how this compares to other states.
I would be interested in that comparison too.
10th and just one spot worse than California. Hard to believe. The link was in another thread, let me try to find it.
I've run into a County Assessor who is out of control. Refusing to do their job and just sticking it to the rich folk who buy homes near a lake. Not much the home owners can do. There is a state appeal but I have no idea how difficult or successful that process could be.
However, there is a bill that appears to have gone through both the House and the Senate. The Very important part of this bill is requiring a 2/3 vote as that is difficult to get.
I don't believe you. This thing had to increase at least 10%. That's a mansion in Ottumwa.
That House and Senate bill is a terrible idea and does absolutely nothing to lower property taxes. It just sets up City's and County's to fail in the future. But I wouldn't expect anything else from our GOP controlled government.
Pity those poor folks whose increased property taxes on their second homes will be offset multiple times over by their income tax reductions at both the federal and state levels.