The Sunday Funnies-Property Reassessment by your local government

Amanda Iacone reports on Fort Wayne.Com about reassessment. Iacone reports:

All of the property updates – about 130,000 – will have been mailed by Monday. About 20,000 properties had no change in their value and will not receive the forms, said Ryan Keuneke, chief deputy assessor.

I posted here:

The assessors offices are mailing out form 11 R/A. I know many of you want to believe that your leaders are honest people !!! But be warned because your new tax bill will increase and it has nothing to do with Fort Wayne Community School but greed from your local officials to build Harrison Square.

This notification form 11 R/A is an important part of the reassessment because it starts the second phase of the reassessment process. The second phase involves a review process by the property owners on the accuracy of the assessors assessment. Any property owner wanting to challenge the accuracy of the assessment must file an appeal in writing for review of the assessment on form 130 or form 133 within 45 days of the notification.

The mailing is not an update. This statement that your property has been assessed at a certain values based on faulty record keeping in the assessor office from years and years of abuse in assessing property is a notice. This abuse of power from assessors caused Judge Thomas Fisher to determine that it was so widespread that Fisher promulgated rulings governing a uniformed way of assessing property and a way to measure whether or not these assessors were playing by the rules.


So, out of the office and on to the streets, assessors had to learn how to assess property and record property. Time was of the essence. Going door to door many homeowners were not letting folks in or were not at home. So assessor birth a way to get the job done in the mandated time period.

The updates reflect changes in assessed property values. Many properties increased in value because the last time properties were assessed, local assessors used sales and market data from 1999

.

Nope, it was made up. Hired new inexperience computer techies and manipulated the system. And that's what they did. Many homes were sold to capture the over assessment creating sales disclosures that were based on misinformation. Homes were not worth the values and the unsuspecting buyers were duped. And these sale disclosures are what the assessor offices is using to duped the public in this year current assessment. That is if homeowners do not appeal.


Of course some property was assessed in the proper fashion but many inconsistency existed and still do to this day. The State was outraged at the greed of the local government. So the State legislators to protect homeowners from the greedy locals increased the homestead deduction, place a circuit breaker on the taxing amount, and required annual assessment.
From the State:

The circuit breaker became law in 2006 with the passage of House Enrolled Act 1001. It is aimed at helping Hoosiers by ensuring they don’t pay more than 2 percent of their property value in taxes. The goal is to provide predictability in tax bills and equity among Hoosier taxpayers.

The Circuit Breaker is slated to become mandatory statewide for residential property in 2007. Homeowners will not see the potential Circuit Breaker impact until their 2008 tax bill. The circuit breaker expands to include all property types in 2009. Taxpayers will not see the impact of the expansion until their 2010 tax bill.

State law now requires that properties be reassessed each year so that property tax bills increase bit by bit instead of a large increase every several years, County Treasurer Bob Lee said.

The quote by the Treasure Bob Lee, here's another take on it, from the state.

Under the old system, real estate was generally only reassessed every 10 years. That left taxpayers with a large change in their assessments every decade. Annual adjustments curb that large lump sum change in assessments by annually adjusting values based on sales

.
The annual assessment would prevent sticker shock to homeowners. And homeowners would be better able to prove their property values did not triple in value every year. This placed the inexperienced staff back into their offices researching sales disclosure form to increase their knowledge and record keeping in trying to make money for the city. Rather than truly assess property value to meet the budget.



The willy-nilly reassessment caused sticker shock and many high end tax payers were outraged and threaten to go to court. Deals were made. The squeaky wheels property owners assessment were reconfigured undocumented, just a number change in the system. The unsuspected just bite the bullet of the egregious increase. The number of appeals were reduced and unknown to the public. The meme-journalists only reports those folks that would not go away. The number of folks who demanded immediate reduction to the proper values of their homes and was cut a deal are missing in the informal appeal process.


Oh the heading,

Tax growth to hit 14.5%; past delays fuel increase

The tax growth is more than 14.5% and it's has nothing to do with delays. More from the state

Hoosier taxpayers could see an increase or a decrease in their tax bills after the annual adjustment of their assessment based on their location and the expenditures by local government.

In essence, the assessment represents a property owner’s share of the overall tax burden for a specific area.

Tell that to those who work for city government, as they over assess and collect field of revenue to pay for a hotel, baseball stadium......

In the newspaper

Rep. Jeff Espich, R-Uniondale, ranking minority member on the House Ways and Means Committee, said about 7 percent of that is a direct result of trending.

.That suggest that of the disclosed 14.5 per cent in property value increase is too high. But the real increase is hidden in the details.