Property Tax Question

[isufbcurt]

So tonight the wife and I were researching our neighbors property because it's a **** hole with lawn that hasn't been mowed in a few months, garbage piled up every where, the entire old house roof scattered all over the yard (it got wrecked in the derecho), piles and piles of old tires, and a bunch of old broken down vehicles.

First we were shocked that this property has an assessed value of $320,000 (no one in their right mind would pay over $150K for the condition it is currently in) and then we noted that since the current owners bought it in 2015 there have been no property taxes due.

What would cause there to be no property taxes due on a property assessed at $320K?

I plan on taking pics in the morning to pass on when I call the County again tomorrow.

We decided that if the opportunity is ever there to buy this property we will no matter the cost, but we will have to burn the house down because neither one of us want to go inside and see whatever infestation they have going on.

 

[mynameisjonas]

I’m confused, why would you be calling the county?

 

[twojman]

Tax abatement? I know people that would buy and fix up the property.

 

[isufbcurt]

I’m confused, why would you be calling the county?

Because we live in the country and the county is in charge out here. I've talked to the County Environmental guy numerous times as have other neighbors.

 

[isufbcurt]

Tax abatement? I know people that would buy and fix up the property.

It was a really nice property when these people bought it, now not so much.

 

[DeereClone]

Any chance he pre-paid his taxes early enough that it never shows up as “taxes due?” I’d say either that or some tax abatement program.

 

[Trice]

Disabled veterans and surviving spouses don't owe property taxes.

 

[DeereClone]

It was a really nice property when these people bought it, now not so much.

That explains the high valuation from the county. Once they have a baseline they don’t waiver from that very much (especially to the downside).

 

[mynameisjonas]

It was a really nice property when these people bought it, now not so much.

If the current owners were smart they would protest the tax valuation and get it reduced. There’s like a two week window every year when you can protest your property tax valuations. He should hire an appraiser and bring that with him if he ever does decide to do it.

 

[isufbcurt]

If the current owners were smart they would protest the tax valuation and get it reduced. There’s like a two week window every year when you can protest your property tax valuations. He should hire an appraiser and bring that with him if he ever does decide to do it.

Why though? There are no property taxes currently assessed.

 

[isufbcurt]

Disabled veterans and surviving spouses don't owe property taxes.

I did not know this maybe that is the case

 

[isufbcurt]

 

[mynameisjonas]

Why though? There are no property taxes currently assessed.

Oh yeah, lol.

 

[isufbcurt]

My wife was all butthurt because their assessed value is more than ours and I told her good unless you want to pay more property taxes.

 

[mynameisjonas]

Are they disabled? once you reach a certain level of disability I think in some cases you can get your property taxes waived.

 

[isufbcurt]

Are they disabled? once you reach a certain level of disability I think in some cases you can get your property taxes waived.

Not sure. But in my opinion they are mentally disabled LOL

I'd think the Assessors or Treasurers pages would say if they have certain property tax exemptions but I am not seeing that information.

 

[GMackey32]

I’m gonna buy that property and move next to Curt

 

[mynameisjonas]

Not sure. But in my opinion they are mentally disabled LOL

I'd think the Assessors or Treasurers pages would say if they have certain property tax exemptions but I am not seeing that information.

Yeah I checked out the Jasper County assessor and I couldn’t find anything either. I’m kind of curious as well.

 

[Trice]

I did not know this maybe that is the case

That might explain the disrepair too.

Polk County assessor shows exemptions like the disabled veteran one. I don't see that for Jasper.

 

[SCNCY]

I did not know this maybe that is the case

Have you ever met or talked to them? If they were disabled, it’d probably be easy to tell. If they do get some kind of exemption, and they’re not disabled, sounds like fraud.