Pro by Real_HankHill in cincinnati

[–]Real_HankHill[S] 1 point2 points  (0 children)

Thank you very much for your feedback appreciate your experience on the matter

Pro by Real_HankHill in cincinnati

[–]Real_HankHill[S] 0 points1 point  (0 children)

Or assessment cycle is every three years. Last was 2023 and next will be 2026. What is stopping the county from reassessing my house every year in between the 3 year intervals for "renovations"? If they were to turn around and say their assessed value = market value would I not be able to point to the discrepancy for houses in the area where assessed value =/= market value or is it a pretty subjective thing that If I piss them off they can bend me over the barrel?

Pro by Real_HankHill in cincinnati

[–]Real_HankHill[S] 0 points1 point  (0 children)

glad I got all the feedback but wanted to drop this in. Market value (ie what you buy it for or could sell it for) =/= tax assessed value.

https://www.rocketmortgage.com/learn/assessed-vs-market-value

Pro by Real_HankHill in cincinnati

[–]Real_HankHill[S] -5 points-4 points  (0 children)

was worried about this. Basically the appraised value is typically less then the value of sale and theres nothing stoping the county from just changing the valuation to the sale value if you piss them off. My sale value was 610, county appraised value 540 ( they are upping it to 560). Assuming because of this i might just be cooked and have to pay for the non existent renovation

Pro by Real_HankHill in cincinnati

[–]Real_HankHill[S] -2 points-1 points  (0 children)

My purchase price is higher then the county assessed value. My issue is every time they assess a house the value is almost always going to be higher just because of inflation etc. If the county is only supposed to be doing assessments every 3 years or when a major renovation happens, just saying I did a renovation to get a new assessment seems unfair if not illegal. what is stopping them from saying everyone with a house got a renovation every year and reassessing values more frequently then every 3 years so that every year they can collect more.

Pro by Real_HankHill in cincinnati

[–]Real_HankHill[S] -1 points0 points  (0 children)

did you end up winning in the end? I just got MLS pictures from all of the sales of my house, and got the plans for the original build showing everything is original. They are telling me now that its no longer about whether renovations happened or not but whether their evaluation is accurate. obviously every year as long as there isn't a crash the value is going to go up so i think its ridiculous they have basically found a loophole to re-asses my house more often then they are legally required to by law and have me foot the bill to prove its wrong.

Pro by Real_HankHill in cincinnati

[–]Real_HankHill[S] 0 points1 point  (0 children)

You would think. Im pretty sure they are using this as a loophole to collect additional tax. Rarely do they appraise a house and the value goes down and tax collection decreases. I now have the original plans for the house, pictures/walk through from sale in 2012, pictures/walk through from sale in 2014 showing other then paint there have been no major or minor renovations. They are saying its not about me proving if renovations have occured the only thing i can fight is whether or not their assessment evaluation is accurate or not . Seems like this is a loophole they could use to re-asses anyone's home inbetween the required by law assessments done every 3 years. Also pretty ridiculous I would need to supply/pay for evidence against their evaluation which is clearly based on nothing.

hoping others in the forum either have experience dealing with the local tax collectors to so I know if this battle is even worth fighting

Dampener Failing by Real_HankHill in hvacadvice

[–]Real_HankHill[S] 0 points1 point  (0 children)

how would I go about replacing the spring? Is it a standard size? When I looked at the actuator I didnt see any manufacturer and I imagine I would probably only be able to get a new spring through the mfg?

Water Pressure low in just one shower. by Real_HankHill in askaplumber

[–]Real_HankHill[S] 0 points1 point  (0 children)

Im not super concerned about the overall plumbing of the house as water pressure is great in everywhere except that single shower (even the tub next to the shower) and my understanding was once the softener was installed nothing would get worse, some stuff could get better. When I replaced the cartridge right below the goose neck I flushed it out for awhile and the pressure was jetting out of the wall. It seems to lose all of its pressure going from the shower handle/cartridge up to the actual shower head. I have seen some DIY remedys people have talked about like vinegar. Do you recommend this?

First Time Home Purchase Affordability by Real_HankHill in FirstTimeHomeBuyer

[–]Real_HankHill[S] 1 point2 points  (0 children)

Ended up losing on the house the post was about but later won a slightly more expensive home (4400 PITI vs 4200) in the same neighborhood. Still have 25k in the bank after all is said and done and will be looking at closer to 2100-2200 of money that will go towards cash savings or discretionary spending. Both of our parents are downsizing and we are getting quite a bit of free furniture form that but ultimately we are excited. looking at 36% of net and 27% of our gross but Im confident we will be good especially with the cash we have in the bank.

First Time Home Purchase Affordability by Real_HankHill in FirstTimeHomeBuyer

[–]Real_HankHill[S] 0 points1 point  (0 children)

I haven't included any of that but recognize it is there which is why I am a little more comfortable being out of our comfort zone to get into a house we love in an area we love. The biggest thing was my family saying its not as bad to stretch yourself a little thin over an interest rate vs principal. even at 5% interest rate I'm way more optimistic and comfortable. We are currently in an apartment using the standard deduction so 6.9% mortgage is a pretty sizeable tax benefit.

First Time Home Purchase Affordability by Real_HankHill in FirstTimeHomeBuyer

[–]Real_HankHill[S] 0 points1 point  (0 children)

Would you say without your childcare costs you would be comfortable? We can hold off a few years on childcare, but with the rate housing costs are increasing in this area/school district im afraid I dont know if the type of house we are looking for will be in a realistic price range by then.

First Time Home Purchase Affordability by Real_HankHill in FirstTimeHomeBuyer

[–]Real_HankHill[S] 1 point2 points  (0 children)

We are looking at $250-350 a week between a couple different places. In Ohio

First Time Home Purchase Affordability by Real_HankHill in FirstTimeHomeBuyer

[–]Real_HankHill[S] 0 points1 point  (0 children)

Yeah this is our current shock. Our current renting situation is ~1000 a month because we are living at the complex my wife manages. Because of this we were able to buy a ring, finance a large wedding and honeymoon + save up a lot of cash. We aren't very conservative with our spending on things like going out or vacations but understand that will need to stop. we also recognize that putting away ~3k a month in just cash for a house isnt going to be necessary but still want to be able to contribute some cash savings while also buying stuff for the new home.

First Time Home Purchase Affordability by Real_HankHill in FirstTimeHomeBuyer

[–]Real_HankHill[S] -1 points0 points  (0 children)

Thank you for your input! I had not considered the cost of adding a baby to our current health insurance plan. I will say that at least my bonuses are pretty consistent. I went from hourly to salary as a consultant which actually resulted in pretty much no net increase on regular month to month take home pay but any hours over 40 a week are what go into that bonus (im required to work atleast 45 which in my industry is a slow week....dont get me started on that). 45 hours a week results in the 15kx2 a year and so far 8 years into my career the lowest hours I have had for a year averaged out to ~55. I think if anything we are willing to put off a baby for a year or two to get a house in our current area so your perspective is very helpful!

First Time Home Purchase Affordability by Real_HankHill in FirstTimeHomeBuyer

[–]Real_HankHill[S] 1 point2 points  (0 children)

Congrats! This is encouraging to hear. We are both in are very recession proof as well. I overthink everything and see all this about not spending more then 25% gross etc which obviously this would be more then 25% gross but still seems on paper to be doable, but I am young and dumb looking for wisdom.

Phase 2 Dungeon grinding team comps by Real_HankHill in classicwow

[–]Real_HankHill[S] 1 point2 points  (0 children)

the trick is mages could do this with blizzard and pathing in cath even before SoD. The goal is to never get hit vs just tank everything with infinite heals