Some of you all need to start looking at what places are selling for! Then look at your assessed values and compare. In my county in central Mn we are seeing rec land(hunting) selling for 5 grand an acre and some tillable selling for 8-10 grand. A person doesnt get much for $200,000.
As a personal example, my home is currently valued by the County at 215,000 seems high. Then a bout 2 months ago a get one of those silly letters for a real estate group asking to buy our home. Always funny to look at how little they offer! Right? Well for the first time ever, they offered $290,000. If I this would have been a local realtor offering I would have sold in minute.
Now, I don’t like to pay taxes either. However, have you all noticed how expensive everything has gotten the past 5 years? What percentage everything has gone up? do you think it our counties, city or school haven’t seen the same increases in cost to operate? I am sure it has!
My suggestion is to go to your local government meetings ALL year long, and voice your concerns when they discuss budgeting. Waiting until truth in taxation notices go out is too late. And pay attention to the Valuation notices you receive in March or April. If you disagree with the valuation, call your assessors office, and ask about it. In my experience they have the data to share with you on why it is valued what it is valued.