Reappraisal plan could impact Village...

Reappraisal plan could impact Village properties

There are 67 comments on the Loudon County News story from May 10, 2013, titled Reappraisal plan could impact Village properties. In it, Loudon County News reports that:

Loudon County Commission hopes to move one step closer to addressing delinquent properties in Tellico Village.

Join the discussion below, or Read more at Loudon County News.

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Rick

Lenoir City, TN

#1 May 10, 2013
This doesn't make sense. The story by jeremy Styron in the NH said last week that the assessments were $29K and now another NH writer reports that the assements are $250K. I wonder which figure is correct? Do you think the NH will run a correction so that we will know which figure is correct?
Monthly vs Annual

Kingsport, TN

#2 May 10, 2013
Rick wrote:
This doesn't make sense. The story by jeremy Styron in the NH said last week that the assessments were $29K and now another NH writer reports that the assements are $250K. I wonder which figure is correct? Do you think the NH will run a correction so that we will know which figure is correct?
The $29,000 was a monthly estimate. The $250,000 is an annual estimate. The correct and final number depends upon how many lots are actually foreclosed at the courthouse steps. Nothing new, two reporters getting different numbers from different employees in Loudon County.
Rick

Lenoir City, TN

#3 May 10, 2013
Monthly vs Annual wrote:
<quoted text>
The $29,000 was a monthly estimate. The $250,000 is an annual estimate. The correct and final number depends upon how many lots are actually foreclosed at the courthouse steps. Nothing new, two reporters getting different numbers from different employees in Loudon County.
Nice try. Do math much? The other story didn't say $29K per month it said $29K and if you divide $250K yearly figure by 12 months it still doesn't come out to $29K.
Two PlusTwo

Lenoir City, TN

#4 May 10, 2013
All the numbers are estimates but the math is very simple.

About $100 per month per delinquent lot for POA fees.

$100 x 300 (approximate) vacant lots per month =$30,000.00 per month for POA fees.

$30,000.00 per month x 12 months =$360,000.00 per year the county would owe POA for their fees.

You can adjust the total owed by the county by adjusting the number of delinquent lots the county ends up with.

The actual number is very close to 300 lots. The reality is there are/will be a lot more coming. These are just the ones that have been delinquent for three years last year. There will be a lot more added this year.

Go read Van Shaver's story. It lays it out pretty clear.

http://www.vanshaver.com/village_bailout.htm
Rick

Lenoir City, TN

#5 May 10, 2013
All the numbers are estimates? You're estimate is still a hundred grand off. I'm just wondering if anybody really knows.

Thanks for the link to Shaver's blog. His cool-headed approach to the facts always helps clear things up. Like the other other day when he warned me not to vote for Home Rule because the people behind it 'aren't from around here.'
suprised

Tucker, GA

#6 May 10, 2013
Here the problem. As soon as they are foreclosed on and sold at auction the fees are finished on the counties end.
Jeannie Pilgrim

Kingsport, TN

#7 May 10, 2013
Just read Van Shaver's article. Yes the numbers are approximate based on the actual number of lots and the assessment (monthly) is just over $100.

Van's solution that by paying that all county residents should be able to use the village's amenities is too funny. GUESS WHAT VAN? They can use them - all they have to do is to pay just like us residents. The Village residents pay their dues and ALSO have to pay to use the amenities. The $100 a month just gives us the right to see we live in the "Village". LOL
Penelope Penny Pincher

Lenoir City, TN

#8 May 10, 2013
I'm afraid the scent of money in the air just isn't as strong as it was when we moved to Village back in the roaring'80s. Nobody had heard of the internet yet, except Granpa Penny Pincher. he been trading in defense stocks ever since Cold War started(he went long on Pantex the day Reagan was elected). Back then we'd sit at the yacht club and laugh at the silly retirees and their funny Michigan accents. They didn't realize Granpa Penny Pincher had created the whole Tellico sham(as he liked to call it) after winning everything Howard Baker had to won in a late night poker game in Rhode Island.

old money teaching the new money a lesson. What a lark. See you at the Toqua jeaniee(wink wink)
Math is Math

Kingsport, TN

#9 May 10, 2013
Rick wrote:
<quoted text>
Nice try. Do math much? The other story didn't say $29K per month it said $29K and if you divide $250K yearly figure by 12 months it still doesn't come out to $29K.
The current POA monthly dues for the 2013 year is $101.75 or $1,221 per year, per lot.

If there are 293 delinquent lots (as reported by "The Real Goose") that are foreclosed, the total annual outlay due from Loudon County Taxpayers will be $357,753 or $29,812 per month.

The only variable will be the total number of lots actually foreclosed and the year it is accomplished, because the dues increase each year between 4% and 5%.
Math

Riceville, TN

#10 May 11, 2013
Adding up all the lots that the county and POA now have because the owners have defaulted on dues and taxes it looks like one out of every 10 lots have been abandoned. Neither POA nor the county can give these lots away because nobody is dumb enough to take on the $101, and climbing, monthly rental payments to POA. In addition, Tellico Village was not required to abide by the same regs that apply to all other subdivisions and housing developments. This has resulted in substandard roads, which are not maintained properly (just look at the sorry excuses for recently patched pot holes), an ill designed sewage system which requires constant repairs, and a governing body run by a bunch of high school mentality know nothings who are repeatedly led around by the nose by a slick con man who has enriched himself at the Village's expense. If the Board were staffed by competent people, we would have had a new manager when the village started going in the hole every year in spite of the increased dues. I see the lake front lots across the lake are being advertised for $9,999. Liquidation sale. How long will it be before our properties will be devalued the same way? Winston Blazer and our na´ve, sophomoric Board of Directors are killing Tellico Village.
Forrest Dump

Knoxville, TN

#11 May 13, 2013
If we raise the dues we can pay these taxes. We all should chip in and help the Village out.
Old Timer

Riceville, TN

#12 Jun 24, 2013
Forrest Dump wrote:
If we raise the dues we can pay these taxes. We all should chip in and help the Village out.
Eat sh*t and die. I am already paying too much for nothing. Just look at how much more water is costing us because POA has figured out how to double the price and pocket the difference. There is no excuse for POA to be spending over $14 million (down from $16 million when dues were $85 per month) All you folks had better take notice that Blazer and this dumb azzed Board are going ahead with their expansion plans to develop the Wellness Center site. You know that "If we build it, they will come" plan that has been proven to be a failure as all these bigger and more expensive amenities have proven to be albatrosses that we will carry around our necks for ever. There is no way you can sell your home with more than $100 per month rental payments to POA. Yet the plan is to keep on raising the dues and keep on building more and more overpriced and under used facilities for people who will never ever accept the excessive cost of owning property here.
Pay for Convenience

Knoxville, TN

#13 Jun 24, 2013
Old Timer wrote:
<quoted text>
Eat sh*t and die. I am already paying too much for nothing. Just look at how much more water is costing us because POA has figured out how to double the price and pocket the difference. There is no excuse for POA to be spending over $14 million (down from $16 million when dues were $85 per month) All you folks had better take notice that Blazer and this dumb azzed Board are going ahead with their expansion plans to develop the Wellness Center site. You know that "If we build it, they will come" plan that has been proven to be a failure as all these bigger and more expensive amenities have proven to be albatrosses that we will carry around our necks for ever. There is no way you can sell your home with more than $100 per month rental payments to POA. Yet the plan is to keep on raising the dues and keep on building more and more overpriced and under used facilities for people who will never ever accept the excessive cost of owning property here.
There's nothing like a well reasoned argument to sway people to your side, Old Whiner. New home construction and sales of existing homes are actually picking up. Unlike you, many people here actually enjoy living in the Village, use the amenities and look forward to continued improvements. Life here is good. Sometimes you get what you paid for. So sad your are so unhappy. You must be a joy to have as a neighbor.
Jeannie Pilgrim

Kingsport, TN

#14 Jun 25, 2013
The wellness center has never come close to paying for itself. They even opened up memberships to Rarity Bay residents (illegal discrimination, as it should have been anyone in Loudon County)because there was plenty of room for more members.

How are they expanding it and for what reason?

Since: Mar 12

Location hidden

#15 Jun 25, 2013
Pay for Convenience wrote:
<quoted text>
There's nothing like a well reasoned argument to sway people to your side, Old Whiner.
The irony of this is that he DID give "a well reasoned argument" - although other parts of the message were a little intemperate.
How did you miss it?
whoop

Loudon, TN

#16 Jun 25, 2013
Heck I would just like to use the pool, outside for a few weeks.....they want $8.00 a visit and $5.00 for a child 4 and up.....really. What a big fat rip off, that pool is really not that special.$50.00 for a child and parent for the month is all I'd pay....hell how much can a 4 yr. old do at the pool to merit five bucks....give me a break....already pay $100 in assessment, pool for summer should be part of that cost.
No sympathy

White Pine, TN

#17 Jun 25, 2013
whoop wrote:
Heck I would just like to use the pool, outside for a few weeks.....they want $8.00 a visit and $5.00 for a child 4 and up.....really. What a big fat rip off, that pool is really not that special.$50.00 for a child and parent for the month is all I'd pay....hell how much can a 4 yr. old do at the pool to merit five bucks....give me a break....already pay $100 in assessment, pool for summer should be part of that cost.
The beach and pavilion are free, thanks to POA and Kiwanis. What do you pay per month for your cell phone, internet access, cocktails and wine? Quit crying.
Sam

Kingsport, TN

#18 Jun 25, 2013
No sympathy wrote:
<quoted text>
The beach and pavilion are free, thanks to POA and Kiwanis. What do you pay per month for your cell phone, internet access, cocktails and wine? Quit crying.
So you are saying I pay $101.75 a month to use the beach and pavilion. You are a fuc$ing imbecile. Can I give up my rights to use the beach and pavilion and not have to be ripped off by a $101.75 a month?
No sympathy

Kodak, TN

#19 Jun 25, 2013
Sam wrote:
<quoted text>So you are saying I pay $101.75 a month to use the beach and pavilion. You are a fuc$ing imbecile. Can I give up my rights to use the beach and pavilion and not have to be ripped off by a $101.75 a month?
No, just keep paying your monthly fee, don't use any amenities, and keep subsidizing my use of them. Who's the imbecile now?
Sam

Kingsport, TN

#20 Jun 25, 2013
No sympathy wrote:
<quoted text>
No, just keep paying your monthly fee, don't use any amenities, and keep subsidizing my use of them. Who's the imbecile now?
None of you can ever answer any questions. Just the same old bullshit. So again are you saying for the $101.75 we are just getting the usage of the beach and the pavilion and that is supposed to be worth it? You are so dumb you don't even know how stupid you sound? I do take my grand kids to the beach but it isn't worth $101.75 a month. At least with my cell phone I actually get services for my $50 a month. For $101.75 a month, that would make payment on a swimming pool and I wouldn't need the beach. You POA asslickers make me sick.

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