I have known for a couple of months now about the impending property re-evaluation for all of Johnston County. I know that every eight years, the county has to re-evaluate property values. If you are a property owner and have not received your new property value statement, you will. I got mine about a week ago. I bought my house in Selma just over eight years ago. Shortly after the purchase, I got my first re-evaluation. The tax value went up significantly, but it was not unreasonable at the time. Not this time.
I doubt very seriously that my property value has increased $26,530 in just eight years, especially in a down economy. Here in Selma, I see plenty of houses for sale, many of which have been able to sell for a long time. I have done some property value comparison just within the last six months because I was looking at refinancing my mortgage to a lower rate. I used two different services to look at my estimated property value, and both did not have my property value as high as Johnston County claims. I don’t know on which planet the value estimator was working, but it sure wasn’t in my neighborhood.
I understand the reason for a property re-evaluation. When you assess taxes based upon property value, only a re-evaluation of the property’s retail value will raise the taxation revenue per property. That means a property tax increase. In my case, this means an annual increase of $347.54 in my property taxes. That also translates to an increase in my mortgage payment of about $57.92 to make up for the shortage in my escrow account plus the tax increase itself. Needless to say, I have documents refuting that much of an increase in value and will be appealing that newly assessed value. If I am going to pay property taxes, then I want it to be fair.
Speaking of property taxes and my home, I have been contemplating what I wrote two weeks ago about the almost $22,500 that the Town of Selma wants to spend in taxpayer money (assuming that it will come from some public funding source) just for a consultant to make the application for a historic district designation for parts of Selma’s residential neighborhoods. The more I think about it, the more I find better uses for that $22,500.
Anyone who has walked along Selma’s old residential neighborhoods knows how horribly the sidewalks have held up. For years I have been squawking about how decrepit some sidewalks are. Not only are they not pleasant to see, they are a great safety hazard. I can not tell you how many times I have tripped over the uneven concrete pads just in front of my own home and on my block. That is a huge liability for the town. I used to get paid to help eliminate safety hazards, and I cringe every time I walk along my street.
I have not, nor will I formally petition for the horrendous sidewalk to be improved in front of my house. Why? Because the town ordinance states that “One hundred (100) percent of the cost of the improvements shall be assessed” (Chapter 14, Article III, Sec. 14-47 of the Selma Town Code) to me. Why should I have to pay to fix a sidewalk that the town has neglected for a half century? I don’t want to have the cost for the town’s negligence assessed against me and “the assessments shall be a lien on the property assessed...for collection in the same manner as property taxes”. (Chapter 14, Article III, Sec. 14-55) I don’t own that sidewalk, but I would be taxed for its improvement just because it is in front of my house. If I have to pay for it, I should own it. If I own it, I should be able to put up a toll gate on it and require pedestrians pay me a quarter to walk on my sidewalk.
That $22,500 would begin to pay for a whole lot of concrete that would eliminate a whole lot of potential liability for the town. Just one trip and fall could cost the town a whole lot more than that $22,500. I am baffled about priorities in some municipalities. I have said for years, “take care of what you have” before tackling new facilities or “things that would be nice to have”. Take care of infrastructure such as sidewalks, streets, water and sewer lines, and the like before worrying about things like historical neighborhood designations. After all, Selma is about to get an increase in property tax because of the re-evaluation done by Johnston County. I aim to give up as little as possible on that front, however.
Friday, December 10, 2010
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