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Post by hopefull on Oct 25, 2007 9:44:35 GMT -6
FYI naperville township residents of ipsd 204. The naperville township website has updated '07 assessed values. Most neighborhoods have increases in the 6-7% range. I am surprised at the increases given the current housing market.
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Post by doctorwho on Oct 25, 2007 10:11:27 GMT -6
FYI naperville township residents of ipsd 204. The naperville township website has updated '07 assessed values. Most neighborhoods have increases in the 6-7% range. I am surprised at the increases given the current housing market. are the quotes also a year in arrears ? Just asking as I don't know. The value's have been dropping as you say, but not back more than a year ago -- although I reallynever expect to see a decrease in value from a tax standpoint - only in reality  |
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Post by hopefull on Oct 25, 2007 10:16:28 GMT -6
It is my understanding that they are 1/1/07 values. Maybe next years' assessments will reflect the downturn. I was expecting an increase of 4-5% for 2007.
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Post by doctorwho on Oct 25, 2007 10:29:35 GMT -6
It is my understanding that they are 1/1/07 values. Maybe next years' assessments will reflect the downturn. I was expecting an increase of 4-5% for 2007. okay more what I thought - although I would agree more with the 4-5 you anticipated..... I still don't beleive we'll see lower values next year - even if we should, but maybe the increase will will in the 2 -3 range |
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Post by Arch on Oct 25, 2007 10:41:49 GMT -6
It is my understanding that they are 1/1/07 values. Maybe next years' assessments will reflect the downturn. I was expecting an increase of 4-5% for 2007. okay more what I thought - although I would agree more with the 4-5 you anticipated..... I still don't beleive we'll see lower values next year - even if we should, but maybe the increase will will in the 2 -3 range This is Illinois... they won't give back the ability to collect money that they once had  |
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Post by wvhsparent on Oct 25, 2007 11:12:16 GMT -6
One can always appeal your assessment to the Twp.
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Post by gumby on Oct 25, 2007 13:23:41 GMT -6
I appealed once and got a pretty decent sized adjustment downwards. But, for this year, I'm just not sure what the argument should be. We did some construction and the increase in assessed value is significantly lower than the 1/3 we probably would/will see in increase in home value.
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Post by momto4 on Oct 25, 2007 14:48:03 GMT -6
I got mine in the mail today and it's just over 6% increase for the year 2007. It says -
Reason for change in assessed value: Provide uniformity with similar properties.
It is somewhat surprising that the value is up considering home sales in the neighborhood have been for considerably less than in the past year than they would have been the year before that.
I can't argue because the new value seems pretty close to 1/3 of market value.
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Post by doctorwho on Oct 25, 2007 15:08:15 GMT -6
I got mine in the mail today and it's just over 6% increase for the year 2007. It says - Reason for change in assessed value: Provide uniformity with similar properties. It is somewhat surprising that the value is up considering home sales in the neighborhood have been for considerably less than in the past year than they would have been the year before that. I can't argue because the new value seems pretty close to 1/3 of market value. Consider yourself lucky -- just opened mine - up 11% go figure -- same reason - provide uniformity with similar properties |
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Post by Arch on Oct 25, 2007 15:20:13 GMT -6
5.1%
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Post by doctorwho on Oct 25, 2007 16:18:38 GMT -6
now that really causes me concern ? Same basic area....hmmmm I guess I got that 18 yr. bump  |
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Post by Arch on Oct 25, 2007 16:27:38 GMT -6
now that really causes me concern ? Same basic area....hmmmm I guess I got that 18 yr. bump Don't worry, in 2004 I got a bitch slap upside the head in the form of a harder bump. |
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Post by wvhsparent on Oct 25, 2007 17:01:44 GMT -6
 GAK!!!!!! Mine AV went up 16.6K  over 10%
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Post by doctorwho on Oct 25, 2007 17:20:42 GMT -6
GAK!!!!!! Mine AV went up 16.6K over 10% welcome to my world , as I eclipsed 11% - I wonder how we were so lucky ? |
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Post by doctorwho on Oct 25, 2007 17:22:32 GMT -6
now that really causes me concern ? Same basic area....hmmmm I guess I got that 18 yr. bump Don't worry, in 2004 I got a pregnant dog slap upside the head in the form of a harder bump. I guess they just spread it around -- likely in the assessors office with a big spinning wheel and %'s marked in the pie shaped wheel of fortune type system..... |
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