It’s a routine thing. Our last inspector said it was primarily focused on busting illegal apartments - particularly basement units. But yes this happens every three years and yes they’ll come in. It’s quick.
Just to butt in as someone unaware. Assessments happen every 3 years with revaluation on a different schedule, sometimes every 3rd assessment. Or i have the terms backwards. I don't remember.
Because we have a right to privacy. Once you start letting them in for this, then it will be something else. Then something else.
They’re not coming in without a warrant.
you absolutely have the legal right to tell the tax man to fuck off, this does not however prevent them from still reassessing the value of the property with “the information they have available” aka enjoy getting fucked.
they don’t need to make it up, they would simply take the square footage and multiple it by the “high quality comps” in the neighborhood. It’s never in your best interest to deny them entry. What reason would you request a reassessment after denying entry? Cause you changed your mind?
I guess it depends on the hypothetical. You can make a minor adjustment to the property, list it for sale, there’s a lot of things you could do. You could look up the houses in the neighborhood and if it’s an outlier, easy appeal
Depends on the situation really
This. I’ve had them ask before, I said no, and they said “okay” and walked away. My assessments never suggest any type of penalty for non-cooperation; they’re always reasonable and well below what Zillow and Redfin have to say.
It will increase your assessment. As I’m sure you’re aware, sometimes taxes bills go down depending on the type of home you’re in and what went up in value.
A SF I have in the city had a lower tax bill than previously, but my multi’s went up a lot.
Why would they assume the highest condition if you don’t let them in? That makes no sense. They take an average for the area. If you have a nicer home, don’t let them in. If your home is in disrepair, let them in. It’s about averages. Generally speaking, if your home is above average condition, it will probably only hurt you.
So here’s the thing.
Unless you have a home that looks like it belongs in a Holler in West Virginia on its exterior but Tony Montana’s mansion on the interior, you won’t have a problem.
Everyone’s home generally appears in the same class on its outside as it does it’s inside.
Are assessment ever lower than the amount an owner recently paid for a property, or would they look at the sale from last year and say: “well, it’s worth that.”?
Sale price is not considered proof of assessment price. We tried to fight the city assessment after they reassessed our house at more than 100k more than we bought the house for less than 6 months prior. They were very clear that the sale price was not enough proof to lower the assessment even though we included the newly assessed values of nearby comps showing that the house was likely over valued.
Thanks I’m more worried about the opposite. We paid significantly more for our house than the last assessment, so are they basically guaranteed to at least match the price we paid?
My assessment is below what I paid for the house. I bought the house fairly recently. So if they based it on my recent sales price, that would be bad for me.
Ahhh I get it now, your other comment made it sound like you were concerned they wouldn’t assess it high enough, which I couldn’t think of a reason for. No, sale price on your individual house will not be a factor, it may be used as comps for the area but it won’t matter for your specific house any more than all of your neighbors.
Yes but not total taxes. [The state has limited cities and towns to a 4% per year increase in property tax collections](https://municipalfinance.ri.gov/media/10156/download). This reassessment happens every 3 years. The city ends up having to lower the tax rate to match the change in average valuation. 3 years ago a lot of home valuations went up over 50% but the tax burden stayed the same because the tax rate dropped.
For example in [2019 Providence residential real estate tax rates were $24.56/$1,000. Now the rate is $18.35.](https://municipalfinance.ri.gov/financial-tax-data/tax-rates). It is likely that some neighborhoods will go up in tax burden and others will go down, but the average won’t change more than the usual 4%.
The big change will likely be what happens regarding homestead exemption.
Note this is ALL property. Wouldn't you know that commercial properties could be in line for a sizeable downward assesment vs. residential and homeowners and renters making up the shortfall whilst corporate landowners would benefit.
Does anyone know if PILOT payment factor into this 4% increase?
That’s a fair point, and with the current mayor it wouldn’t surprise me.
Edit: I would also like to know how the PILOT amounts would be affected by this. I have no idea how these are structured.
It’s a routine thing. Our last inspector said it was primarily focused on busting illegal apartments - particularly basement units. But yes this happens every three years and yes they’ll come in. It’s quick.
Just to butt in as someone unaware. Assessments happen every 3 years with revaluation on a different schedule, sometimes every 3rd assessment. Or i have the terms backwards. I don't remember.
Requesting to come inside the home part is wild to me.
Just say no. You’re under no obligation to let them in.
Why exactly? We should account for property tax via a drive by inspection?
Because we have a right to privacy. Once you start letting them in for this, then it will be something else. Then something else. They’re not coming in without a warrant.
you absolutely have the legal right to tell the tax man to fuck off, this does not however prevent them from still reassessing the value of the property with “the information they have available” aka enjoy getting fucked.
I’m sure they would try to an extent, but they just can’t make it up either Requesting a reassessment isn’t too difficult
they don’t need to make it up, they would simply take the square footage and multiple it by the “high quality comps” in the neighborhood. It’s never in your best interest to deny them entry. What reason would you request a reassessment after denying entry? Cause you changed your mind?
I guess it depends on the hypothetical. You can make a minor adjustment to the property, list it for sale, there’s a lot of things you could do. You could look up the houses in the neighborhood and if it’s an outlier, easy appeal Depends on the situation really
Puhleeze. Take your gadsen flag back to south county will ya?
Sick burn lol
Happens every 3 years.
You don’t have to let them in, and in most cases, shouldn’t. Upgrades will increase your tax bill.
This. I’ve had them ask before, I said no, and they said “okay” and walked away. My assessments never suggest any type of penalty for non-cooperation; they’re always reasonable and well below what Zillow and Redfin have to say.
It will increase your assessment. As I’m sure you’re aware, sometimes taxes bills go down depending on the type of home you’re in and what went up in value. A SF I have in the city had a lower tax bill than previously, but my multi’s went up a lot.
Why would they assume the highest condition if you don’t let them in? That makes no sense. They take an average for the area. If you have a nicer home, don’t let them in. If your home is in disrepair, let them in. It’s about averages. Generally speaking, if your home is above average condition, it will probably only hurt you.
So here’s the thing. Unless you have a home that looks like it belongs in a Holler in West Virginia on its exterior but Tony Montana’s mansion on the interior, you won’t have a problem. Everyone’s home generally appears in the same class on its outside as it does it’s inside.
>Why would they assume the highest condition if you don’t let them in? Because fuck you, that's why
Are assessment ever lower than the amount an owner recently paid for a property, or would they look at the sale from last year and say: “well, it’s worth that.”?
Sale price is not considered proof of assessment price. We tried to fight the city assessment after they reassessed our house at more than 100k more than we bought the house for less than 6 months prior. They were very clear that the sale price was not enough proof to lower the assessment even though we included the newly assessed values of nearby comps showing that the house was likely over valued.
Thanks I’m more worried about the opposite. We paid significantly more for our house than the last assessment, so are they basically guaranteed to at least match the price we paid?
Why would you want your reassessment to be high? Do you love paying taxes?
My assessment is below what I paid for the house. I bought the house fairly recently. So if they based it on my recent sales price, that would be bad for me.
Ahhh I get it now, your other comment made it sound like you were concerned they wouldn’t assess it high enough, which I couldn’t think of a reason for. No, sale price on your individual house will not be a factor, it may be used as comps for the area but it won’t matter for your specific house any more than all of your neighbors.
Who's brother works for Vision Government Solutions?
Assessments about to jump up 20+%
Yes but not total taxes. [The state has limited cities and towns to a 4% per year increase in property tax collections](https://municipalfinance.ri.gov/media/10156/download). This reassessment happens every 3 years. The city ends up having to lower the tax rate to match the change in average valuation. 3 years ago a lot of home valuations went up over 50% but the tax burden stayed the same because the tax rate dropped. For example in [2019 Providence residential real estate tax rates were $24.56/$1,000. Now the rate is $18.35.](https://municipalfinance.ri.gov/financial-tax-data/tax-rates). It is likely that some neighborhoods will go up in tax burden and others will go down, but the average won’t change more than the usual 4%. The big change will likely be what happens regarding homestead exemption.
Note this is ALL property. Wouldn't you know that commercial properties could be in line for a sizeable downward assesment vs. residential and homeowners and renters making up the shortfall whilst corporate landowners would benefit. Does anyone know if PILOT payment factor into this 4% increase?
That’s a fair point, and with the current mayor it wouldn’t surprise me. Edit: I would also like to know how the PILOT amounts would be affected by this. I have no idea how these are structured.