tag:blogger.com,1999:blog-1300630627319876005.post8051147513074351896..comments2024-03-04T19:58:41.707-06:00Comments on Dorchester Times: Dorchester Property Owners See Property Tax Valuations Fall 6%Village Dwellerhttp://www.blogger.com/profile/08550911093632744227noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1300630627319876005.post-1136894297342768172014-06-08T22:08:07.386-05:002014-06-08T22:08:07.386-05:00Hmmmm. You might have a point but with this logic,...Hmmmm. You might have a point but with this logic, if Western's assessments went up 8%, are you saying there's a boon of hot property there or folks are doing $100,000 renovations? I drove thru Western yesterday. I don't think so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1300630627319876005.post-2455491972461597222014-06-08T22:04:24.397-05:002014-06-08T22:04:24.397-05:00Fair points made above but the dweller is right in...Fair points made above but the dweller is right in that local gov't doesn't collect more than its projected needs, and no doubt the oil pipeline has boosted overall tax revenue. As to the folks complaining about increase agricultural land valuations, farmers know who to blame ... their neighbors bidding silly prices at those land auctions. I got news for ya boys, corn aint gonna be $8 again in the next 10 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1300630627319876005.post-73031103935643425222014-06-06T21:50:16.627-05:002014-06-06T21:50:16.627-05:00Correction in the article, Keystone did not lowe...Correction in the article, Keystone did not lower the valuations, It helped out on the levee but not valuation. Next, With village valuation down 6% and ag land up 40%, it a tax shift from village to ag land. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1300630627319876005.post-89805613900341305712014-06-06T15:46:06.970-05:002014-06-06T15:46:06.970-05:00I agree the pipeline helps, but reality says grave...I agree the pipeline helps, but reality says gravel streets and unkept properties decrease the value of all homes in our town. Your house is not going to appreciate in a town without pavement.Chevy Vanhttps://www.blogger.com/profile/08069773689970985851noreply@blogger.comtag:blogger.com,1999:blog-1300630627319876005.post-10547563110553044402014-06-06T14:28:03.669-05:002014-06-06T14:28:03.669-05:00Sorry Dweller, I have to disagree with your reason...Sorry Dweller, I have to disagree with your reasoning behind the valuation drop: The Keystone improvements may be behind a drop in overall tax amount paid, but it would have very little influence in a homeowner's property valuation decrease.<br />In Nebraska, property valuations are based on market indicators. The more dollars that near-by and similar properties sell for - the more your property is worth and valued for. You correctly identified that ag property has seen significant increases lately, due to increasing dollar amount ag land sales.<br />The reverse is also true. If near-by and similar properties are selling for less - your property will be worth and valued for less.<br /><br />If property valuations in Dorchester did indeed drop it means that: 1. There are limited number of market sales for homes in Dorchester which mean that there is a low-volume sales database for the Assessor to draw a market rate value from. Or 2. That the homes themselves are depreciating in value due to age, neglect, or some other debilitating reason. <br /><br />Translation: Either people are not buying and selling homes in town, or the homes are not being taken care.<br /><br />This also becomes a larger problem: Imagine going to a bank to get a $125,000 construction loan to build a home that once constructed is now worth only $117,000. Most financial institutes will not be this generous with their money.<br /><br />Overall, while it may be good for the individual tax payer right now - in the long run it will become a further liability to the future of the town.Mikenoreply@blogger.com