Mulligan Property at 218 S. Main St.
Printed From: MiddletownUSA.com
Category: Middletown City Government
Forum Name: City Income and Property Tax
Forum Description: Discuss Tax issues, current, past and upcoming.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=5473
Printed Date: Nov 21 2024 at 9:01am
Topic: Mulligan Property at 218 S. Main St.
Posted By: VietVet
Subject: Mulligan Property at 218 S. Main St.
Date Posted: Oct 02 2013 at 2:36pm
|
Since it has been kinda quiet here, probably due to the lack of the normal amount of stupidity exhibited by the members of our elite city leaders, I thought I'd take a look at some of our property values in Middletown to see just how far they have crashed over time. Found something that may be of interest to some here...... According to the Butler Cty. Auditor's site, the property at 218 S. Main St., owned by Lawrence Mulligan, YOUR city mayor and counciljester, and a Kristen R. Mulligan, the property sold in Oct 2005 for $325,000. It is only valued at $21,710 ??  . The half-year taxes on the property, selling in 2005 is only $232.94 or around $460 per year.Now, I don't know about you, but does it seem a tad bit strange that a property that sold for $325,000 is only valued at $21 thou and the Mulligan's only pay $460 bucks a year on this property? Kinda out of whack isn't it? Anyone want to venture a guess as to why the taxes are so low on this when a house worth one third that amount pays 2 grand in taxes per year? Can't be that much of a tax break for being in a "historical area", right? Anyone know how they can get away with paying so little property taxes? ------------- I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over. |
Replies:
Posted By: VietVet
Date Posted: Oct 02 2013 at 2:42pm
|
Ok, another post on this property tells us that the property haa been valued at around $150,00 bucks and they're paying around 3500 bucks per year. That's more like it. ------------- I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over. |
Posted By: spiderjohn
Date Posted: Oct 02 2013 at 3:23pm
| So the mayor is screwed just like the rest of us? |
Posted By: VietVet
Date Posted: Oct 02 2013 at 3:27pm
Yep. Just don't understand why the auditor has a number of entries, all reporting different values, for the same property. ------------- I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over. |
spiderjohn wrote:Posted By: over the hill
Date Posted: Oct 02 2013 at 3:32pm
| I think some of it is the lot next door. |
Posted By: processor
Date Posted: Oct 02 2013 at 5:07pm
|
Per the Auditor the property has three parcels. One valued at $156K, one at $22k, and one at $0.5k. You have to add all three together. Many homes in Middletown are on multiple parcels. |
Posted By: VietVet
Date Posted: Oct 02 2013 at 6:05pm
Thanks folks for the explanation. Appreciate it.  ------------- I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over. |
Posted By: acclaro
Date Posted: Oct 02 2013 at 8:30pm
|
Your initial suspicion Vet is correct. Roger Reynolds made an adjustment of about 5-7% on Middletown property, not 45-50% decine. I know of absolutely no one who appealed their tax valuation, who received 10% decine when the reassessment was made. An approximate $140,000 reduction on a $325,000 property is massive. Perhaps that also explains why Main Street was paved, and nice lamps put up, to pump up declining valuation. I can assuredly state sj, no one else in Middletown was getting 40-50% reductions from Reynolds, at beast, it was 10%. Explain please. ------------- 'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill |
Posted By: spiderjohn
Date Posted: Oct 03 2013 at 7:28am
|
be careful what you ask for, acclaro A huge reduction in value may slap you hard come selling time though the Mayor is probably long-term located by the rest of his family and NO---I received an approx.10% reduction and did not appeal. Maybe because the adjacent home in total disrepair sold for $85,000, and no one around me can get anything above $150,000? Come to think about it, an appeal might be in order--next re-valuation
|