Property Assessment

[mgeary]

quote:

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Originally posted by KathyH

Me too!
I spent 45 minutes on the phone with the tax office yesterday. Their answer is that the old values were way below market value and they're bringing the assessments up to something like market value. You can appeal if you can reasonably argue that it's above market value, but I can't do that.

I'm still in shock at the jump though, because I hadn't planned for it.

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Just curious, I'm sure I could find an answer by Googling or hitting Damon's link, but I have a not-so-hidden agenda: Do you have an elected County Assessor?

The not-so-hidden agenda part is that the gist of what you posted (and the others on this thread) sounds like bullsh*t incompetence, malfeasance, or cronyism on the part of the Assessor, to me. Markets fluctuate, but appraised values should fluctuate with less volatility, IMHO, because there is a predictable, general, slow increase in property values, when considered over decades-long time periods. Right John R.? AV shouldn't necessarily be in a 1:1 correspondence with MV, year to year. If it's as bad as it sounds, VOTE the guy (gal?) out of office.

Aloha! ;-)