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.
For more on Ideas You Can Use, check back every Tuesday for a new segment.
This is not financial or tax advice. Please consult a professional advisor.
Copyright © 2011 Achievement Catalyst, LLC
No comments:
Post a Comment
Comment guidelines: My Wealth Builder will publish comments that are about the topic and do not contain inappropriate language. My Wealth Builder reserves the right to edit or delete comments for any reason which includes those that have advertising (either for a product, website, or blog), contain inappropriate language or are not about the topic.