I’ve noticed many examples of condos downtown where the sellers have successfully appealed tax assessments to lower valuations from original purchase prices.
The sellers then list the condos at a substantially higher prices.
I can only think of two explanations:
1) The Tax Assessor is doing an extremely bad job for the citizens of the County by lowering assessments below values. That’s essentially a giveaway to select homeowners but a penalty to all other citizens who have to fund local government.
2) The sellers are still dreaming of pie-in-the-sky prices and perhaps still believe that their condos are still worth more. However, how does that explain their assessment appeals for lower taxes?
I would be curious to see if the people you say have had their tax assessment lowered are able to SELL their condos at the higher prices. That would be more valid data as to whether the tax assessor is doing their job appropriately.
I could list my house for $2M. I wouldn’t get it – but I could list it for that.
I would be curious to see if the people you say have had their tax assessment lowered are able to SELL their condos at the higher prices. That would be more valid data as to whether the tax assessor is doing their job appropriately.
I could list my house for $2M. I wouldn’t get it – but I could list it for that.
I would be curious to see if the people you say have had their tax assessment lowered are able to SELL their condos at the higher prices. That would be more valid data as to whether the tax assessor is doing their job appropriately.
I could list my house for $2M. I wouldn’t get it – but I could list it for that.
I would be curious to see if the people you say have had their tax assessment lowered are able to SELL their condos at the higher prices. That would be more valid data as to whether the tax assessor is doing their job appropriately.
I could list my house for $2M. I wouldn’t get it – but I could list it for that.
I would be curious to see if the people you say have had their tax assessment lowered are able to SELL their condos at the higher prices. That would be more valid data as to whether the tax assessor is doing their job appropriately.
I could list my house for $2M. I wouldn’t get it – but I could list it for that.
The lowered assessments were based upon January 2009 comps which in many cases were as bad as they could be. I have a property listed that got reassessed for $120K but which has no problem attracting offers between 180 and 200K. It aint an exact science out there.
The lowered assessments were based upon January 2009 comps which in many cases were as bad as they could be. I have a property listed that got reassessed for $120K but which has no problem attracting offers between 180 and 200K. It aint an exact science out there.
The lowered assessments were based upon January 2009 comps which in many cases were as bad as they could be. I have a property listed that got reassessed for $120K but which has no problem attracting offers between 180 and 200K. It aint an exact science out there.
The lowered assessments were based upon January 2009 comps which in many cases were as bad as they could be. I have a property listed that got reassessed for $120K but which has no problem attracting offers between 180 and 200K. It aint an exact science out there.
