Getting an appraiser to appeal tax assessment

[DTB]

, pretty hard to convince me that a property dropped 100K in value in 6 months.

Similarly, when the assessors jack it up 33% over a year w/o a single sale that supports that.

 

[TC]

Similarly, when the assessors jack it up 33% over a year w/o a single sale that supports that.

Doesn't happen here.

 

[RSW]

What made the owner finally wake up? Realized he was missing 30% of his house?

Values have been going up so much here in the Knoxville area that the new assessments are nuts. People should be happy that they are not actually using market value for the assessment.

 

[Tim Hicks (Texas)]

Real estate agents and loan officers should tell their home buyers that the tax office will use the tax laws to raise the assessed value of their home to what they paid and they will see a tax increase. Everybody wants to brag about how much they sold their house or how much they paid for their new one, but when it comes to paying taxes on their new property value they start crying. You can't have it both ways.

 

[Bill75]

Real estate agents and loan officers should tell their home buyers that the tax office will use the tax laws to raise the assessed value of their home to what they paid and they will see a tax increase. Everybody wants to brag about how much they sold their house or how much they paid for their new one, but when it comes to paying taxes on their new property value they start crying. You can't have it both ways.

Who brags when they pay a lot for a house, they look like an idiot for overpaying... I brag when I get a good deal.

 

[Tim Hicks (Texas)]

Who brags when they pay a lot for a house, they look like an idiot for overpaying... I brag when I get a good deal.

A lot of bragging these days when they are bidding $50-100,000 over list price.

 

[CenCoastApr]

Property tax law and assessor practices vary significantly from one state to another. I used to work as an appraiser in one of the assessor’s office here in California. Tax appraisers here are required to abide by the same fundamental principles. We had to accept a sale price as the legitimate value as long as it met the standard criteria of being available on the open market, appropriate marketing time, and all parties are fully informed etc. Rejecting the sale price requires a lot of legwork to disprove it. Really, the only time we dealt with fee appraisals in an appeal, the subject involved a non-market transaction, Or the owner added new improvements. The article seemed to leave out critical information. If the author bought the home on the open market, the Assessor likely based the value on the sale price. This is the case in 95% of single family transfers.

 

[DTB]

when it comes to paying taxes on their new property value they start crying. You can't have it both ways.

Taxes should be raised or reduced based on budgets, not what I paid for my house. Ad valorem is antiquated and totally irrelevant to funding the government.

An argument can be made that a poor area should pay higher taxes based on their consumption of public services.

 

[CenCoastApr]

Taxes should be raised or reduced based on budgets, not what I paid for my house. Ad valorem is antiquated and totally irrelevant to funding the government.

An argument can be made that a poor area should pay higher taxes based on their consumption of public services.

Agreed. But this is Kommiefornia. Sacramento would charge a tax for blinking if they could figure out how to do it.

 

[Fernando]

I would think the tax assessors in CA has an easy job.
The purchase price is set as the assessed value and every year there's a maximum increase per year.
CA assessors have to deal with homeowners enlarging their homes to be reassessed.
The more challenging appraisals for the assessors are when the property needs to be reassessed from a transfer not relating to a sales transaction.
That's where having an appraisal background has an advantage. We know how to get the value down to the low end.