I’ve had some interesting bouts with the Yuma County Assessor, where I bought several properties over the years. Yuma values have fallen as much or more than San Diego’s (hold the catcalls) and I have appealed the assessments. On some buildings with very close comparables, the assessor immediately slashed my assessments. But on some land parcels with no comparable sales, I have no ammunition to bring to the argument. But I am positive values have fallen drastically (land falls more in a falling market than other real estate types). In fact, I can point to comparable for sale parcels where they are asking way less per square ft. than my assessed value. Sorry, says the assessor, that’s not a comparable sale. This conclusion is so ridiculous that I am considering a court challenge.
Anybody have a similar experience with an assessor?