working poor_IHB
New member
I am curious as to how the property tax value is determined. For an example I picked a home in Shady Canyon that was built in 2008.
Land value: 1,383,732.00
Additions: 1,943,603.00
Total 3,327,335.00
List price: 5,950,000.00
Is the taxable valuable the actual investment (construction/marketing cost) by the developer and if so, how did the the County ascertain that this is correct. If not, what matrix would you use to value the home to the developer cost? Are they making any where near 2.6 million on this home?
Also, the home I used is 93 Canyon Creek in Shady Canyon.
You will also notice that this home had an original asking price of 7,195,000.00 in May of this year.
Thanks,
Working Poor
Land value: 1,383,732.00
Additions: 1,943,603.00
Total 3,327,335.00
List price: 5,950,000.00
Is the taxable valuable the actual investment (construction/marketing cost) by the developer and if so, how did the the County ascertain that this is correct. If not, what matrix would you use to value the home to the developer cost? Are they making any where near 2.6 million on this home?
Also, the home I used is 93 Canyon Creek in Shady Canyon.
You will also notice that this home had an original asking price of 7,195,000.00 in May of this year.
Thanks,
Working Poor