San Diego Housing Market News and Analysis
County tax assessment
User Forum Topic
Submitted by NicMM on July 7, 2012 - 12:36pm
I received a letter from county of San Diego Assessor's Office, which reduced the tax assessed value of our house in 4S Ranch from $690k to $535k. The house was purchased on end of 2007 from builder when there was a stiff drop of price from the peak. Although we are fully aware of the price direction in the area, it is still shocking to see such an assessment.
Does this mean my house is worth only around that price? The closing prices of similar houses on the street are around mid ~ low $600K. My next door neighbors short sold their house at $630K. We have moved out of town due to job changes and have put over 30% of the original purchase price onto that house.
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