tag:blogger.com,1999:blog-32639162.post1938705294549149133..comments2023-12-07T01:00:56.264-05:00Comments on My Wealth Builder: Lowering our Property Tax - Doing it myselfSuper Saverhttp://www.blogger.com/profile/11172939501208456194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-32639162.post-63774850242206157562009-02-04T08:43:00.000-05:002009-02-04T08:43:00.000-05:00You have handled this correctly. However, you sho...You have handled this correctly. However, you should know that the assessed value will not affect a refinance, and it should not affect the price a buyer will pay. Bank appraisals do not consider what the tax assessor says your home is worth, and real estate agents tell buyers that the assessed value is not useful and to look at recent comparable sales instead.<BR/><BR/>Assessed values are calculated differently in every state. Many states revalue annually using CAMA (computer assisted mass appraisal) modeling. Such models are expected to be accurate to within around 5 percent in a stable market. If the narket is changing rapidly and the universe of comparable sales analyzed includes older sales, the values in a changing market will be inaccurate.Anonymousnoreply@blogger.com