A question completely off topic, but maybe there is a reasonable answer..
gemini12398
Posts: 885 ✭
You buy a new home, perhaps 1-2 years ago, and now find out that the real estate taxes you have been charged are grossly wrong in your favor. What do you do?
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But seriously, I don't know.
value went up exponentially to date.
Assessment error (too low)?
Billing error?
Classification error? (i.e. residential vs. farm)
Laws in your area may be very, very specific about time frames for correcting tax related information, whether taxes can be collected retroactively and whether interest on those taxes are involved.
I put an addition on my house that was just over 1,000sq ft with all the proper permitting etc., and six years later they jacked my taxes up. I wondered what the raise was so I called and they asked, "did you put on an addition?" I replied, oh yeah, sure did, thanks, bye. They never back charged me but that may not be the norm.
You paid what they asked for. I doubt they would penalize you but you might ask an accountant to be sure.
<< <i>The prior owner had a senior citizen exception, and a veteran's exemption under her late husband. It seems that the tax collector never updated my real estate taxes after the closing, almost 2 yrs ago. It seems like the know the true assessed tax value for the property, but just switched me over to what she had paid. >>
Well the "right" thing to do (and perhaps the legal thing as well) is to pay the back taxes you owed based on a proper assessment. From this point forward whether or not you want to "play dumb" is up to you.
<< <i>Use the money to pay down the mortgage. >>
Agreed. Or, sell the house and get out of the place where swindling assessors live.
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<< <i>
<< <i>The prior owner had a senior citizen exception, and a veteran's exemption under her late husband. It seems that the tax collector never updated my real estate taxes after the closing, almost 2 yrs ago. It seems like the know the true assessed tax value for the property, but just switched me over to what she had paid. >>
Well the "right" thing to do (and perhaps the legal thing as well) is to pay the back taxes you owed based on a proper assessment. From this point forward whether or not you want to "play dumb" is up to you. >>
Consult a real estate attorney in your area.
I'm no lawyer but I'm under the impression that once an assessment is 'locked-in', it's over with. They can't come back to you later claiming an error is assessments including exclusions. In my area, there is a time limitation on appeals and it's very short and it applies to the tax collector as well as you. If the tax collector could come after you years later for their error, I would think there would be an equal protection argument to be made.
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<< <i>You buy a new home, perhaps 1-2 years ago, and now find out that the real estate taxes you have been charged are grossly wrong in your favor. What do you do? >>
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