Can Appraiser Appraise His/her Own House?

[gregb]

What if I do the appraisal for my own personal use?
I can say my house was appraised over $1,000,000.
Never mind the top end for Reseda is about $700k.

The tax assessor would say your are crazy good to go, we don't need anything more to raise your assessed value and taxes.

 

[Tim The Enchanter]

For the tax man we present the alternative fact, it's worth $100k.
We install nose plugs for the Bull exhaust smell.

 

[Meandering]

Let's not be silly.

You are your client, to appraise your own house. You disclose in the report all the oral reports you've presented to yourself over the past 3 years concerning the value of your house. You name the tax assessor as an intended user of your report. You, as the client, leave a copy of your report with the tax assessor, who, will not take your word for it, as they don't take anyone's word for it.

Oh and don't do it on a 1004 and you don't need a 1004MC, and you can disclose that you used MLS photos, and the tax assessor's maps.

For fun you can name the people you verified the comp sales with and don't forget to put in lots and lots of listings, like a dozen of them. Tax Assessor's are always happy to see lots of listings.

And what's more fun, is to pull the tax records of every property on the street, and compare their assessed value to yours. Tax Assessor's love that one too.

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[Tim The Enchanter]

 

[Gregory Beck]

That's like defending yourself in a murder trial

 

[RSW]

I represented myself at a tax appeal hearing a few years ago. I took the data that the tax office used and turned it against them. At no time did I mention value. I only disproved the data they used. No appraisal was necessary. I got my tax appraisal lowered as a result. Funny thing was, the guy that went in before me was also an appraiser.

 

[Mark K]

So why can someone use a certification that discloses their interest in the property? What would be wrong with that?

If you want to write your own certification I suppose you can do anything you want.

Personally I think it would be difficult to certify that you have no personal bias (as req'd by USPAP) in the appraisal of your own house and expect anyone to believe it.

 

[Meandering]

If you want to write your own certification I suppose you can do anything you want.

Personally I think it would be difficult to certify that you have no personal bias (as req'd by USPAP) in the appraisal of your own house and expect anyone to believe it.

You certify that you DO have a personal interest.

Duh.

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[Mark K]

You certify that you DO have a personal interest.

Duh.

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Oh, I get it.

And that makes it a very credible report.

 

[CANative]

The tax assessor would say your are crazy good to go, we don't need anything more to raise your assessed value and taxes.

They can't raise the value unless something on the property changes (like new construction or additions or an extra structure.) Or if there is a change in ownership and the reset to current FMV.

I'm sure NY (which is Man/FRT like CA) has an online publication describing the appeal process. In CA the burden of proof for owner occupied SFRs is on the assessor, not the tax payer.