Both those houses aren't in "normal" condition. They are virtually new with old bones. As in never lived in after complete gutting and remodel.
actual value of that area. If you have 5 houses at $300k and one run down clapped out house that is worth $30k because a bunch of crack heads yanked all the copper, what should the value be? If it had been maintained, it would also be a $300k house. What does a house, of that size, on a lot of that size with the square footage bring in on average in the area its in. That's about as fair as you can get IMO. You keep wanting to compare apples to bolts but that's not how its done.
I almost filed this year when we saw the 13% jump. Then when I started getting comps I decided that I didn't want to submit it because it should go up more. We're at about 68% of actual saleable value.
Pretty much the same here. Problem is they usually require your home to be professionally appraised at your cost, then they just jack it back up the next year. And you get to do it all over again. After paying for appraisal you generally don't save much. At least when you factor in your time and aggravation. That's how it works around here anyway.
I read it started in 1630 in what we call the US now…
Sounds like you're dealing with a pretty corrupt local gov. If I couldn't elect better people, then I'd sell and move.
It actually wasn't that bad inside, except for the room of blood. Heavily textured blood red wallpaper. At first I thought it was red velvet.
Gotcha so you shouldn't be taxed on what the property is actually worth.
Not really. They just go back to standard "actual value of that area" what could be more fair than that? Who knows you could have done a complete remodel.
So make up your mind. Either they're over assessing or they're assessing at actual values of the area. Which is it?
That is the way it comes across but not the reality of it. Rather the tax assessment is based on the sale prices of homes with similar physical tangible attributes. The sale of super nice homes can drive the assessment above what the market will value a property that needs some work, conversely the sale of a couple of dogs can lower your assessment below what your property is worth.
I generally advise folks not to appeal unless the assessment is at least 15%-20% out of whack. Any less and the cost of an appraisal and time to appeal eats up the savings. Sometimes there are obvious errors, most likely arising from an input error. Remember assessments are derived by Mass Appraisal. The Assessor is not doing an individual valuation on each parcel. Multipliers and factors are calculated based on market data and these are applied to various property types and neighborhoods.
Didnt know you had that control?
I was told on INGO the assessments never went down. Hmmmm…
Well, let me be the first to welcome you to America. We have these things called elections where we elect representatives to do things for us. You can work to help get people you think would do better elected. Volunteering, door to door, spreading the word, etc or, and this may blow your mind since you're new here, but YOU can run for that office yourself. Pretty awesome.
Ours did 3 years in a row (09-12) but have been on a progressive rise back up since.
I was just using your words. In my neighborhood most houses are probably over assessed. My house is assessed most likely for a good bit over actual value. When I get the garage done how I want it might be near. Might. And that's going to be another 20k.
Also, you can testify at the statehouse for (or against) something while it's in committee. Many on INGO have. It works.
If the county is using the proper formulas how can an entire neighborhood be over assessed? I believe you, just doesn’t seem right.
