What are you looking for? 

How do I appeal for higher property assessed value?

Author Message
Dennis

Guest







0.10 Dollars($)

PostPosted: Mon Jan 07, 2008 3:00 am    Post subject: How do I appeal for higher property assessed value?

Just a few months ago we bought our house and the county is now assessing property values for the property tax payments. But what they determined and sent us through a letter is much higher than what we bought it for. And so, the property taxes would be 35% more than what we could have paid had the assessed value been close to the purchase price. So, what do I do now? I don't think it's fair to pay such a high property tax in just a few months of buying the home. I want to appeal to the assessor and see what happens? What docs are required for that? And is this the right way to go?
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
 
image
Icon Mini Profile shane
shane


Joined: 03 Dec 2007

Posts: 79
Location: Orange County, CA


22.78 Dollars($)

PostPosted: Mon Jan 07, 2008 3:46 am    Post subject:

First, I would call up your county assessor's office and ask how they assess your home's value. Second, if their calculation is vastly different than "real world", they might have an appeal process that they can direct you to. It's unique to every county in the United States, so it's not "one process fits all"... I'd love to tell you in this thread the exact steps to take, but you'll get much more accurate information after you call your county's assessor's office.
_________________
Shane Milne
TheBestHomeLoans.com
Mortgage Broker
Direct: 949-273-4161
Lending in 50 states + the District
 
image
Icon Mini Profile jenkin7



Joined: 04 Jun 2007

Posts: 939



140.77 Dollars($)

PostPosted: Mon Jan 07, 2008 3:54 am    Post subject:

Hello Dennis,

I think you have to make an appeal to the County Board of Property Tax Appeals as this is the first step required.

The appeal will be based on the difference of property value between you and the assessor. In that case, you will need to present evidence about the market value of your property as it was on the assessment date. You may include an appraisal report of your property as an evidence.

But there is usually a deadline to appeal the assessment. You should know that and make your appeal within the given time period.
 
image
Icon Mini Profile lisascherzer



Joined: 04 Jan 2008

Posts: 599



69.58 Dollars($)

PostPosted: Mon Jan 14, 2008 6:56 pm    Post subject:

I agree that you should appeal the appraisal value of the property. With the purchase being so recent, you have a good chance of them reconsidering and reducing the value.
_________________
Lisa Scherzer
Allpointe Mortgage
Expert Mortgage Broker
440-521-7060
Get Mortgage Quotes
Compare 100+ Mortgage Lenders Here
Find Real Estate Agents
 
image
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terminology
Industry News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool
Mortgage Planner
Simple Budgeting Tool


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk

 
About Us  | Contact Us  | Our Blog  | Privacy Policy  | Testimonials  | Website Tools  | RSS Feeds  | Site Map 
We have chosen to apply the Creative Commons Attribution License to all works we publish.
This work is licensed under cc by 2.0