If this is the wrong sub please feel free to send me elsewhere. I got my county assessment of land and property today. It showed my property was worth $51,900 last year and is now saying its worth $92,000. I have done vitually nothing to my property, over the past year.
Is land nearly doubling normal? I should also note that my home value went down $11,000, in total value it went up just under $30,000. Is this just a reflection of the housing market or did the county mess up?
County land assessment questions.
byu/eucher317 inRealEstate
Posted by eucher317
2 Comments
I suppose the location may be helpful. Northern Indiana, US.
Alot of counties will have a schedule they follow. Mine re assesses every four years. 24 hit the covid bump for me. The neighboring county got hit this year and have been seeing alot of complaints. But their values, while not perfect, are alot closer to market than the 2020 numbers.
Should be able to go to your county assessor website and see what changed. Either its an assessment year or the mill rates changed. Or both.