Home value... NC

[Newporagadu]

My sibling stays in NC, they brough house before pandemic around 500K , property taxes aa value ki pay chesthunde... eppudu wake county NC vadu new taxes ani release chesadu andhulo home assets value is 845K ani vundhi & new property tax will be paid for 845K..... which means if we sell house min 845k would be selling price ?..... so equity 350k build ayyinata in these 3 years...... endhuku ante still some house in the same community sold few weeks back around 750K ala

[LadiesTailor]

2 minutes ago, Newporagadu said:

My sibling stays in NC, they brough house before pandemic around 500K , property taxes aa value ki pay chesthunde... eppudu wake county NC vadu new taxes ani release chesadu andhulo home assets value is 845K ani vundhi & new property tax will be paid for 845K..... which means if we sell house min 845k would be selling price ?..... so equity 350k build ayyinata in these 3 years...... endhuku ante still some house in the same community sold few weeks back around 750K ala

Yeah… and subject to market 

mostly county assessment kante ekkuva vastayu usually 

[ARYA]

Just now, LadiesTailor said:

Yeah… and subject to market 

mostly county assessment kante ekkuva vastayu usually 

Depends on the market demand 

[Pavanonline]

3 minutes ago, Newporagadu said:

My sibling stays in NC, they brough house before pandemic around 500K , property taxes aa value ki pay chesthunde... eppudu wake county NC vadu new taxes ani release chesadu andhulo home assets value is 845K ani vundhi & new property tax will be paid for 845K..... which means if we sell house min 845k would be selling price ?..... so equity 350k build ayyinata in these 3 years...... endhuku ante still some house in the same community sold few weeks back around 750K ala

that is county assessment, doesn't mean you can demand that much. real estate agent will recommend you actual selling price. you can contact the county if you feel their assessment is wrong. 

[shaktimaan]

5 minutes ago, Newporagadu said:

My sibling stays in NC, they brough house before pandemic around 500K , property taxes aa value ki pay chesthunde... eppudu wake county NC vadu new taxes ani release chesadu andhulo home assets value is 845K ani vundhi & new property tax will be paid for 845K..... which means if we sell house min 845k would be selling price ?..... so equity 350k build ayyinata in these 3 years...... endhuku ante still some house in the same community sold few weeks back around 750K ala

county valued it at 845k, doesn’t mean you’ll get that price when selling. If planning to sell, get an appraisal and decide the asking price. Can’t compare two houses with same exterior and different interiors 

[veerigadu]

Vomerica lo latest trend. Counties are assessing homes at higher prices. So that they can collect property tax more.

At the end of the day, market lo demand lekapothe yevvadu konadu aaa house ni.....ATL lo naa house just 2 years lo 30% ekkuva assess chesaru....Not sure if buyer will buy at 35% higher than the price I paid. Just 2 years lo intha change. 

[yemdoing]

tax on market value of asset is a scam by govt. 

increase the tax based on inflation or other fair process

[Konebhar6]

10 hours ago, Newporagadu said:

My sibling stays in NC, they brough house before pandemic around 500K , property taxes aa value ki pay chesthunde... eppudu wake county NC vadu new taxes ani release chesadu andhulo home assets value is 845K ani vundhi & new property tax will be paid for 845K..... which means if we sell house min 845k would be selling price ?..... so equity 350k build ayyinata in these 3 years...... endhuku ante still some house in the same community sold few weeks back around 750K ala

The rise in price is just a paper profit for home owners. ITs actually a burden on long term home owners having to pay high property taxes when they have'nt capitalized on their gains. Stupid system.

[LungiLingaraju]

 No one would sell less than the gov quoted price … if not now all houses will be atleast that price.. 

[GelakoduKri]

10 hours ago, Newporagadu said:

My sibling stays in NC, they brough house before pandemic around 500K , property taxes aa value ki pay chesthunde... eppudu wake county NC vadu new taxes ani release chesadu andhulo home assets value is 845K ani vundhi & new property tax will be paid for 845K..... which means if we sell house min 845k would be selling price ?..... so equity 350k build ayyinata in these 3 years...... endhuku ante still some house in the same community sold few weeks back around 750K ala

County assessment antha perigay chance ledu , He might be soling or he might be compared with similar homes in his neighborhood. Worst case county assessment is wrong initially or currently. 35% increase in 2 years is crazy. 

[ranam_007]

homestead appraisal register cheskunte, even though the house prices in neighborhood goes high the county can't ask you to pay high. only 10% increase every year but we have to contest every year(i mean every year homestead apply cheyyali)