Tucson, AZ.
My property taxes went down by more than $500 this year. What would make this happen?
2007-11-20 10:06:26 · 5 answers · asked by feeddaneed 2 in Business & Finance ➔ Taxes ➔ United States
taxes never go down....keep quiet
2007-11-20 10:15:52 · answer #1 · answered by Anonymous · 1⤊ 0⤋
TWO numbers affect your property tax amount. The tax RATE and the assessed value of the property. Unless someone made a mistake, one of these numbers went down.
I don't know how AZ property taxes work, but where I live, tax levies for schools are based on the total $ amount to be collected. If new homes are built within the school district, the rate is reduced to keep the total amount constant.
2007-11-20 11:46:33 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
because your property was no assessed to be worth as much as previously. Also because the decreased some tax. I'm here in AZ also and they have bond overrides a lot, maybe one expired??? Check your statment you get every year.
2007-11-20 10:14:41 · answer #3 · answered by az_starshine1 4 · 2⤊ 0⤋
Call the county assessor's office and confirm it.
2007-11-20 10:10:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
lower property value??
2007-11-20 10:13:28 · answer #5 · answered by branbran 3 · 0⤊ 0⤋