DFD

Posted: **Wed Oct 16, 2019 6:39 pm**

[user not found] wrote: ↑Wed Oct 16, 2019 5:11 pm
Desertbreh wrote: ↑Wed Oct 16, 2019 4:06 pm

All fair points except the Griffdog has been the Griffdog and he's NEVER had a garage. First @ PhiDelta Crotchgrab, then at the GF's townhouse, then at the apartment. So it's not like he's downgrading. He can get a big ass garage when he enters the Brad Bitterness Vortex.

Where purple doors roam freely and potfillers are made of 24K gold.

Posted: **Wed Oct 16, 2019 11:40 pm**

here's what 2.5k+ gets in my neck of the woods

https://www.zillow.com/homedetails/1260 ... 4061_zpid/

Posted: **Thu Oct 17, 2019 7:58 am**

max225 wrote: ↑Wed Oct 16, 2019 6:39 pm
D Griff wrote: ↑Wed Oct 16, 2019 6:36 pm

$3060/year in taxes for a house we're paying $322K for FWIW. Those rentals are not in a comparable area at all... could buy a house down there for $322K with a c=two car garage and 2X the square feet.
How are your prop taxes sub 1%?

That makes purchases far more appealing.

According to Zillow, it's ~1.4% based on past tax history. If NC is like MI, Griff's in for a surprise (as we all tend to be with our first house) when the tax reassessment comes post-purchase. Probably going to be closer to 4,500-5k. I've seen local area houses nearly double the tax bill after a sail when the house is reassessed. Hopefully NC is different.

FWIW, I still think 1.4% is cheap. We effectively pay 2% to be in similar proximity to an urban center, but our city services are the best in the area so at least it's worth something.

Posted: **Thu Oct 17, 2019 8:08 am**

Detroit wrote: ↑Thu Oct 17, 2019 7:58 am
max225 wrote: ↑Wed Oct 16, 2019 6:39 pm

How are your prop taxes sub 1%?

That makes purchases far more appealing.
According to Zillow, it's ~1.4% based on past tax history. If NC is like MI, Griff's in for a surprise (as we all tend to be with our first house) when the tax reassessment comes post-purchase. Probably going to be closer to 4,500-5k. I've seen local area houses nearly double the tax bill after a sail when the house is reassessed. Hopefully NC is different.

FWIW, I still think 1.4% is cheap. We effectively pay 2% to be in similar proximity to an urban center, but our city services are the best in the area so at least it's worth something.

Posted: **Thu Oct 17, 2019 11:26 am**

D Griff wrote: ↑Wed Oct 16, 2019 11:07 am In4 ... we bought that house: https://www.zillow.com/homedetails/711- ... 6783_zpid/ (under contract).

It was really the only decent place we could afford in the area that's preferred. I think I'll actually enjoy the carport and it'll work for wrenching and such, but may add a garage or steel building later on, or could extend/enclose the carport.

This house has lots of epic things that I think are worth it:
-mountain biking trails in walking distance
-light rail to city in walking distance and only a few miles to downtown
-tons of nightlife, restaurants, auto parts store, pretty much everything crazy close
-epic yard
-plenty of storage for tools, bikes, etc.
-low maintenance/move in ready

Ultimately a house with a yard > townhouse for a lot of reasons and living in the sticks is not for me at this phase of life.

I like it a lot! I'd love to find something just like this for me and Lisa and the dog. :jelly:

enjoy it my dude.

Posted: **Thu Oct 17, 2019 1:12 pm**

Detroit wrote: ↑Thu Oct 17, 2019 7:58 am
max225 wrote: ↑Wed Oct 16, 2019 6:39 pm

How are your prop taxes sub 1%?

That makes purchases far more appealing.
According to Zillow, it's ~1.4% based on past tax history. If NC is like MI, Griff's in for a surprise (as we all tend to be with our first house) when the tax reassessment comes post-purchase. Probably going to be closer to 4,500-5k. I've seen local area houses nearly double the tax bill after a sail when the house is reassessed. Hopefully NC is different.

FWIW, I still think 1.4% is cheap. We effectively pay 2% to be in similar proximity to an urban center, but our city services are the best in the area so at least it's worth something.

I don't think they reassess tax value here in a given sale, they just do it every X number of years... hopefully I'm right about that.

Posted: **Thu Oct 17, 2019 1:13 pm**

MexicanYarisTK wrote: ↑Wed Oct 16, 2019 11:40 pm here's what 2.5k+ gets in my neck of the woods
https://www.zillow.com/homedetails/1260 ... 4061_zpid/

At least that is nice... but kinda crazy when you consider you're still quite far from DC. You could rent a similar place here for a similar price near the city center.

Posted: **Thu Oct 17, 2019 1:15 pm**

Johnny_P wrote: ↑Thu Oct 17, 2019 11:26 am
D Griff wrote: ↑Wed Oct 16, 2019 11:07 am In4 ... we bought that house: https://www.zillow.com/homedetails/711- ... 6783_zpid/ (under contract).

It was really the only decent place we could afford in the area that's preferred. I think I'll actually enjoy the carport and it'll work for wrenching and such, but may add a garage or steel building later on, or could extend/enclose the carport.

This house has lots of epic things that I think are worth it:
-mountain biking trails in walking distance
-light rail to city in walking distance and only a few miles to downtown
-tons of nightlife, restaurants, auto parts store, pretty much everything crazy close
-epic yard
-plenty of storage for tools, bikes, etc.
-low maintenance/move in ready

Ultimately a house with a yard > townhouse for a lot of reasons and living in the sticks is not for me at this phase of life.

I like it a lot! I'd love to find something just like this for me and Lisa and the dog. enjoy it my dude.

Just went over for the inspection. Dude said it's one of the cleanest 70s homes he's seen and everything he did find was tiny and minor. Saw the house sans staging for the first time and am pretty :fuckyeah:

on it. Really does have tons of nice perks and should be very low maintenance.

Posted: **Thu Oct 17, 2019 1:19 pm**

D Griff wrote: ↑Thu Oct 17, 2019 1:12 pm
Detroit wrote: ↑Thu Oct 17, 2019 7:58 am
According to Zillow, it's ~1.4% based on past tax history. If NC is like MI, Griff's in for a surprise (as we all tend to be with our first house) when the tax reassessment comes post-purchase. Probably going to be closer to 4,500-5k. I've seen local area houses nearly double the tax bill after a sail when the house is reassessed. Hopefully NC is different.

FWIW, I still think 1.4% is cheap. We effectively pay 2% to be in similar proximity to an urban center, but our city services are the best in the area so at least it's worth something.
I don't think they reassess tax value here in a given sale, they just do it every X number of years... hopefully I'm right about that.

Probably something you should know when you sign on the dotted line. Taxes are a non-insignificant portion of your :haus:

expenses. What the current owners pay could be drastically different than what you pay. Or maybe not. You should do some homework.

Here, taxes are "reset" when there's a change in ownershit, but it takes effect the next calendar year after you buy it. I know people (myself and others) who bought a house only to have the tax bill increase by 50%+ the next year. Friends of mine bought a "cheap" house in Detroit. Previous owner was paying $2k in taxes...their tax bill was $8k. 400% increase. They were blindsided and completely changed their view of buying that house.

Hopefully NC is different, and very likely is.

Posted: **Thu Oct 17, 2019 1:19 pm**

D Griff wrote: ↑Thu Oct 17, 2019 1:15 pm
Johnny_P wrote: ↑Thu Oct 17, 2019 11:26 am

I like it a lot! I'd love to find something just like this for me and Lisa and the dog. enjoy it my dude.

Just went over for the inspection. Dude said it's one of the cleanest 70s homes he's seen and everything he did find was tiny and minor. Saw the house sans staging for the first time and am pretty on it. Really does have tons of nice perks and should be very low maintenance.

That's a good feeling.

Posted: **Thu Oct 17, 2019 1:37 pm**

D Griff wrote: ↑Thu Oct 17, 2019 1:15 pm
Johnny_P wrote: ↑Thu Oct 17, 2019 11:26 am

I like it a lot! I'd love to find something just like this for me and Lisa and the dog. enjoy it my dude.

Just went over for the inspection. Dude said it's one of the cleanest 70s homes he's seen and everything he did find was tiny and minor. Saw the house sans staging for the first time and am pretty on it. Really does have tons of nice perks and should be very low maintenance.

Posted: **Thu Oct 17, 2019 1:43 pm**

Detroit wrote: ↑Thu Oct 17, 2019 1:19 pm
D Griff wrote: ↑Thu Oct 17, 2019 1:12 pm

I don't think they reassess tax value here in a given sale, they just do it every X number of years... hopefully I'm right about that.

Probably something you should know when you sign on the dotted line. Taxes are a non-insignificant portion of your expenses. What the current owners pay could be drastically different than what you pay. Or maybe not. You should do some homework.

Here, taxes are "reset" when there's a change in ownershit, but it takes effect the next calendar year after you buy it.

will be this case since they last assessed it on the last sale in 2007 FOR A LOT LESS ($160k). The taxes will update after the recorded new sale price.

Prolly double but still relatively low.

Posted: **Thu Oct 17, 2019 2:01 pm**

dubshow wrote: ↑Thu Oct 17, 2019 1:43 pm
Detroit wrote: ↑Thu Oct 17, 2019 1:19 pm

Probably something you should know when you sign on the dotted line. Taxes are a non-insignificant portion of your expenses. What the current owners pay could be drastically different than what you pay. Or maybe not. You should do some homework.

Here, taxes are "reset" when there's a change in ownershit, but it takes effect the next calendar year after you buy it.
will be this case since they last assessed it on the last sale in 2007 FOR A LOT LESS ($160k). The taxes will update after the recorded new sale price.

Prolly double but still relatively low.

It's tax value is assessed at 307K, rate is around 1.1% for Mecklenburg County. I am correct, they do not assess homes after move in, it's done every eight years on a rotating cycle.

Posted: **Thu Oct 17, 2019 2:05 pm**

D Griff wrote: ↑Thu Oct 17, 2019 2:01 pm
dubshow wrote: ↑Thu Oct 17, 2019 1:43 pm

will be this case since they last assessed it on the last sale in 2007 FOR A LOT LESS ($160k). The taxes will update after the recorded new sale price.

Prolly double but still relatively low.

It's tax value is assessed at 307K, rate is around 1.1% for Mecklenburg County. I am correct, they do not assess homes after move in, it's done every eight years on a rotating cycle.

Better triple check. It's highly unusual for municipalities to not reassess taxes at a sale

Posted: **Thu Oct 17, 2019 2:07 pm**

D Griff wrote: ↑Thu Oct 17, 2019 2:01 pm
dubshow wrote: ↑Thu Oct 17, 2019 1:43 pm

will be this case since they last assessed it on the last sale in 2007 FOR A LOT LESS ($160k). The taxes will update after the recorded new sale price.

Prolly double but still relatively low.

It's tax value is assessed at 307K, rate is around 1.1% for Mecklenburg County. I am correct, they do not assess homes after move in, it's done every eight years on a rotating cycle.

I hope you arent taking zillow as gospel... Their info isnt always spot on. I have no experience buying a house in NC BUT the assement practices are fairly universal.

Case in point, zillow shows the same $ for taxes on a house that nearly doubled in assessed value from 2018 to 2019. But hey! Good luck just be ware and know if your taxes will increase. Not sure where the $307k assessment came from or if its even official. Just do your homework with the country griffdog.

YEAR PROPERTY TAXES TAX ASSESSMENT
2019 $2,157 $307,100(+93.4%)
2018 $2,157(+2.3%) $158,800

edit: https://mcmap.org/geoportal/#-80.8697,35.1726/property yeah. good luck :mahman:

!

Posted: **Thu Oct 17, 2019 2:26 pm**

I'll say it louder for people in the back.

If your assessed value is now $307k (says that was the 2011 value on the county site) and your prop tax rate is 1.3%, that shits gonna increase to around $4k. It looks like the entire area is about due to cash in on the increased area value, if they all are on the same rolling 8 year period.

Posted: **Thu Oct 17, 2019 2:35 pm**

dubshow wrote: ↑Thu Oct 17, 2019 2:07 pm
D Griff wrote: ↑Thu Oct 17, 2019 2:01 pm

It's tax value is assessed at 307K, rate is around 1.1% for Mecklenburg County. I am correct, they do not assess homes after move in, it's done every eight years on a rotating cycle.

I hope you arent taking zillow as gospel... Their info isnt always spot on. I have no experience buying a house in NC BUT the assement practices are fairly universal.

Case in point, zillow shows the same $ for taxes on a house that nearly doubled in assessed value from 2018 to 2019. But hey! Good luck just be ware and know if your taxes will increase. Not sure where the $307k assessment came from or if its even official. Just do your homework with the country griffdog.

YEAR PROPERTY TAXES TAX ASSESSMENT
2019 $2,157 $307,100(+93.4%)
2018 $2,157(+2.3%) $158,800

edit: https://mcmap.org/geoportal/#-80.8697,35.1726/property yeah. good luck !

Zillow only reports what it can find in public records. I trust it exactly 0%.

In the case of my house, the "taxes" listed were half of what they were supposed to be because in MI taxes can only go up by the rate of inflation at most each year after you buy a house. The previous owners lived there for 30 years, so by the time they sold, they effectively paid half of what they otherwise would be paying.

I actually prefer the regular reassessment schedule. Then you don't have new buyers getting royally hosed, and those who stay put for a while sucking off the new owners. It's a little easier to buy a house with confidence in the final total cost amount too. Even if Griff's taxes do increase, it shouldn't be by more than 1-1.5k. I faced triple that over the previous owners.

Posted: **Thu Oct 17, 2019 2:36 pm**

$4k a year in :haus:

taxes is still dirt cheap.

Posted: **Thu Oct 17, 2019 2:42 pm**

Apex wrote: ↑Thu Oct 17, 2019 2:36 pm $4k a year in taxes is still dirt cheap.

ill take my .8% rates begrudgingly. WE SUCK AGAIN!

Posted: **Thu Oct 17, 2019 2:43 pm**

D Griff wrote: ↑Thu Oct 17, 2019 2:01 pm
dubshow wrote: ↑Thu Oct 17, 2019 1:43 pm

will be this case since they last assessed it on the last sale in 2007 FOR A LOT LESS ($160k). The taxes will update after the recorded new sale price.

Prolly double but still relatively low.

It's tax value is assessed at 307K, rate is around 1.1% for Mecklenburg County. I am correct, they do not assess homes after move in, it's done every eight years on a rotating cycle.

I dunno brah, I'd be more likely to listen to all of these armchair house buyers who are telling you what happened to them in states other than North Carolina.

Posted: **Thu Oct 17, 2019 2:45 pm**

Also, Griff is going to buy this house regardless of the property tax. So :whocares:

Posted: **Thu Oct 17, 2019 2:46 pm**

Desertbreh wrote: ↑Thu Oct 17, 2019 2:43 pm
D Griff wrote: ↑Thu Oct 17, 2019 2:01 pm

It's tax value is assessed at 307K, rate is around 1.1% for Mecklenburg County. I am correct, they do not assess homes after move in, it's done every eight years on a rotating cycle.
I dunno brah, I'd be more likely to listen to all of these armchair house buyers who are telling you what happened to them in states other than North Carolina.

or spend enough time to glance at the NC county assessor's website and pull tax history to know that its prolly gonna increase from the old rate.

:fancy:

Posted: **Thu Oct 17, 2019 2:47 pm**

Desertbreh wrote: ↑Thu Oct 17, 2019 2:45 pm Also, Griff is going to buy this house regardless of the property tax. So

which is

just preparing the guy with :fax:

No one likes hidden sneaky tax collecting :dillerman:

Posted: **Thu Oct 17, 2019 2:48 pm**

Property tax discussion and bitching consumes a disproportionately large amount of time on this forum.

Posted: **Thu Oct 17, 2019 2:49 pm**

Desertbreh wrote: ↑Thu Oct 17, 2019 2:48 pm Property tax discussion and bitching consumes a disproportionately large amount of time on this forum.

but

DFD

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