/—-/ I understand that. My rental properties in Mooresville NC were the same, but in Nassau County NY where I lived, up until a few years ago, houses were taxed at the 1935 valuation even though houses built then were selling for $700,000,000 on 2021.I own 3 homes in 3 seperate cities. The assessed value is always lower than the market value but not by more than 10% to 20%.
Here is a realtor in Florida talking about the tax assessment in Palm Beach:
“Mar-a-Lago is now in that category of seeing taxes go up at 10% which it did last year. Still, the baseline of $37,000,000 is insanely low. There are plenty of examples of Palm Beach Estates selling north of $100,000,000 on prime lots. The owner of Mar-a-Lago isn’t going to complain about their taxes being too low.”
What is Mar-a-Lago Worth? - Echo Fine Properties
What is Mar-a-Lago Worth? The Art of Puffing. Puffing is a real test on the state exam and we Realtors have a license to puff. Puffing means we can say that your home is the best or your microwave oven is fantabulous and beats any out there. Nothing wrong with that. We all actually […]