↑↑↑ Create an account with Kraken. ↑↑↑

Saturday, July 19, 2014

Property Tax

Please read the disclaimer first.




So I got my Property Value Notice for 2014, and it rose 25% from last year.

Naturally, I contacted the assessor for an informal review.


She claimed an informal review was already performed, and it was based on two sales from March 2013 to March 2014.

She also said I probably won't be able to get a better deal through an appeal.



For the record, when I asked a couple years ago, I got it reduced about 20%.

The gentleman that responded checked the system, gave me the current range, and put in a request on the lower end.

The next morning, got a call that it was approved, and my property tax went down!

It must have been the most profitable 10 minutes spent.  :)



Anyways, I decided to try an appeal just to see how it works.

Went to a free workshop given by the county COB...

But it was cancelled due to a broken pipe!

They directed us to the downloadable material on their web site.



Basically, you need to find three similar properties sold within 90 days from the beginning of the year.

So it will be for deals closed from January 1st to March 31th.  (March 30th on leap years.)

They should be normal sales, and not short sales, foreclosures, etc.

You can get your information from your realtor, or any online real estate site.

No comments:

Post a Comment