Kathleen Wilsbach wrote: >> Good morning....thanks, gentlemen, for your opening discussion >> comments. I remain unclear, however, as to how land value alone >> could have climbed from 30 to 40 K three years ago to 140 K in this >> latest assessment. >> Cathy >> >> > > I have a question about land value and how it is factored in to the tax. > I don't own the land my house sits on. That land is owned by Nancy > Hubble to whom we pay ground rent. It doesn't seem right that my > assessment should include tax on land that I don't own. So, how > does that all work? > > -Kathleen > > Kathleen,
What I have read in the past is that the homeowner is responsible for paying the taxes on the land regardless of whether there is a ground rent. So the law protects the owner of a ground rent from the real estate tax. Steve. _______________________________________________ Chat mailing list Chat@charlesvillage.info http://charlesvillage.info/mailman/listinfo/chat_charlesvillage.info archive: http://www.mail-archive.com/chat@charlesvillage.info/
