In 2008 assessment, the county increased my property value by 3%. I called the county office and complained. I asked them cynically if anyone read a newspaper. If they had, they might have noticed there was a real estate crash in progress. I told them to send me the paper work to challenge the valuation . I successfully reduced our property taxes by 16.4%.
For the 2011 assessment, the county kept my property value the same. I guess there still isn't anyone that reads a newspaper at the county office. Otherwise, they might have noticed there is a double dip in housing prices. Using comparable sales information from my neighborhood, I estimate our home market value has dropped another 10%.
I'll definitely be challenging our property valuation again.
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