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Updated over 4 years ago on . Most recent reply

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Allen Freeman
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Sudden property tax increased

Allen Freeman
Posted

When viewing property tax history on Zillow, I frequently see these huge jumps in property taxes from year to year, sometimes 100% increases (see attached example). Sometimes these are rehabbed houses, but many times I can see nothing that has happened that would justify such an increase. What am I seeing here? I am having a hard time trusting my analysis when I wonder whether my property tax budget could 2-5x in a year. Is this some kind of reporting error? FWIW, this is in the Akron OH area, but ive seen examples all over the country.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Sale, loss of homestead exemption maybe. 

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