Property assessment

[naiad]

My house assessment just went up 48.4%! Just when one thinks one is starting to get a (financial) handle on things . . . Guess what my stimulus check will be used for? Out of one tax pot into another. grrrr

Comments

[keyne]

Your town should have a "board of appeals" for appealing an assessment hike that large. Worth a shot!

[naiad]

I've already started the process . . . :)

[rdhdsnippet]

Good luck - I hope they're more reasonable than ours. When ours did that we were basically told, "Tough luck!" which was especially frustrating since the assessment was made just before the market crashed.

[points]

Fascinating that when houses are being devalued left and right with the morgage meltdown that the town decides to (if you'll pardon the turn of phrase) up yours. Do you know when the last assessment was made? Does a broker feel that the new assessment would be higher than a current selling price for it? If so, it may well be worth an appeal.

[rosif3r]

do you get some pot with those pots?

i personally am hoping i can convince them to _lower_ my assessment, sinec i bought the house for 100K less than it was valued at last year, and the banak appraiser valued a bunch of similar houses sold in the prior month around the same thing. we shall see