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192
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143
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Paul Novak
  • Rental Property Investor
  • WI
143
Votes |
192
Posts

Property Tax Increases

Paul Novak
  • Rental Property Investor
  • WI
Posted

BP Community,

Our property taxes on our primary residence just went up last year 34% which we thought was extreme.  We have 3 other rentals in our small city of Sheboygan Falls of which the taxes went up 4%, 14%, and 18%.  One of those rentals only being a few blocks away from our primary residence.  For that reason we decided to go down to city hall and do an "open book" appointment to understand why our taxes increased so much.  I had never done this before but it ended up being a meeting with the actual accessor.  He was super easy to work with, explained everything to us, and ultimately helped us lower our assessment to lower our taxes.

I wanted to share this because I didn't even know this was an option until we tried this last night.  I thought maybe this could help others that have had large increases in their property taxes.  Don't get me wrong, I know home values have been increasing and their for taxes will increase with it.  I also don't have a problem with taxes going up because that means home values are going up.  My issue was understanding how the process was completed and feeling like the increases were fair.

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