Tea Party in Perrysburg.
April 17th, 2009 . by Jon ModeneMost people know that Perrysburg prices have dropped (a few Realtors surprisingly have not gotten that memo – but I don’t want to be snarky . . .)
But what of taxes?
Property taxes should be coming down too, n’est pas?
I do not believe that the County automatically adjusts taxes down. They must have missed that memo too!
So what can I do to find out the history of taxes. Not that hard if you have a record of old MLS comparable sales . . . and here is what we find:
We find that property taxes in Perrysburg have relentlessly increased.
The 3 bed, 1.5 bath house in the Southwood Park subdivision of Perrysburg would cost you $393 in 1/2 year taxes back in 1984.
In 1994 that same house would cost the owner $557.
In 2004 your 1/2 tax bill would have been $1076.
Today? You are may be looking at almost $1400 per 1/2 year for a 3 bed, 1.5 bath in Southwood Park (Edgewood, Southwood, etc. by the big blue city water tower for those who do not think in terms of subdivisions like I do!) (Caveat: Not everyone pays the same tax amount for the same home – it depends when you were last assessed/appraised by the County, how accurate your assessment is, and if you have recently filed for a reappraisal).
$393 to $1400. I think that is an increase.
But – property values have declined in 2006, 2007, 2008 and this year.
I wonder if property taxes have gone down since 2007?
What is your experience?
Enjoy your tea!
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