Just got off the phone with the Assessor. We discussed the reasons why taxes went up as much as they did on various properties in Davis. Apparently, the county is compelled by law to revisit valuations every three years, and this year has been the year of one heck of an upward revision in values. Approximately 120% on vacant lots and anything from 20-100% on improvements.
The grid of Davis breaks down into 132x60' corner lots, 132x40' standard lots, and the occasional 30 footer. It appears that the typical 40ft lots more than doubled, from about $36 a year to about $85.
The Assessor told me that Davis has finally seen enough sales of lots (over the past year or two) to establish new assessed values for lots in the town...and they are way up. If you could find a lot to buy in Davis, a standard 40' lot would be about $22k, and a 60' corner lot would be about 42k. Unfortunately this was not lost on the assessor, and our taxes have doubled.
With these increases taxes are still low in Davis. The real challenge will be maintaining competitively low property taxes as we start to get more new home construction in Davis.
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