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Old 04-24-2008, 03:30 PM
 
404 posts, read 1,058,875 times
Reputation: 109
Quote:
Originally Posted by U120 View Post
I bought it for $680,000.00. Theyre assessing it at $770,000.00
Exact same home purchased 4 months ago for $630,000.00.
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Old 04-24-2008, 03:41 PM
 
Location: Yellow Brick Road
35,043 posts, read 41,252,522 times
Reputation: 18830
Quote:
Originally Posted by U120 View Post
Exact same home purchased 4 months ago for $630,000.00.
Honestly, U120, I will tell you what I did the one time I fought city hall. I got my own appraisal. Sure did. Figured the $400 was worth it as opposed to the longterm cost of paying those taxes.

I won.

I would highly suggest you consider going ahead w/ this and documenting everything you can document. I would go to the register of deeds and research every property in your neighborhood, get some help from a realtor to research MLS "sold" properties . . .

I feel I have been flippant about your situation. I really felt you were just whining (okay - I am being honest here!)

But no. That doesn't seem right.
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Old 04-24-2008, 04:12 PM
 
11,760 posts, read 17,664,178 times
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704 you really have to pay a special uptown tax? That sounds ludicrous! Do you get free light rail passes or anything?
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Old 04-24-2008, 05:26 PM
 
404 posts, read 1,058,875 times
Reputation: 109
Quote:
Originally Posted by anifani821 View Post
Honestly, U120, I will tell you what I did the one time I fought city hall. I got my own appraisal. Sure did. Figured the $400 was worth it as opposed to the longterm cost of paying those taxes.

I won.

I would highly suggest you consider going ahead w/ this and documenting everything you can document. I would go to the register of deeds and research every property in your neighborhood, get some help from a realtor to research MLS "sold" properties . . .

I feel I have been flippant about your situation. I really felt you were just whining (okay - I am being honest here!)

But no. That doesn't seem right.

Thanks Anifani. I do appreciate and respect your advice. I did suspect that you felt that way, and I was hoping eventually you would kinda see my point and understand my frustration. As I said in an earlier thread I would love nothing more than my home being valued at what they are claiming, but it just isnt so. I know I will eventually need an appraisal. Funny thing is I am a licensed appraiser in NY, but havent practiced here, so I am somewhat familiar with what this predicament is going to require. Again, I will keep you posted as to my progress and thanks for listening.
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Old 04-24-2008, 06:09 PM
 
2 posts, read 3,255 times
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Why would you want to reassess your house to a higher value? you are just going to pay more in taxes. IT will sell for what the market will bare. don't worry about the assessed value.
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Old 04-25-2008, 03:40 PM
 
Location: Yellow Brick Road
35,043 posts, read 41,252,522 times
Reputation: 18830
Quote:
Originally Posted by U120 View Post
Thanks Anifani. I do appreciate and respect your advice. I did suspect that you felt that way, and I was hoping eventually you would kinda see my point and understand my frustration. As I said in an earlier thread I would love nothing more than my home being valued at what they are claiming, but it just isnt so. I know I will eventually need an appraisal. Funny thing is I am a licensed appraiser in NY, but havent practiced here, so I am somewhat familiar with what this predicament is going to require. Again, I will keep you posted as to my progress and thanks for listening.
Well, I made some assumptions and should not have. And I apologize for that. I have had your situation on my mind and do find it perplexing, especially since I know of two people in UC whose assessments reflected a decrease.

It is a complex situation and if the powers that be have decided that your neighborhood is going to retain its value (and I hope it does - but retain and considerably appreciate are two different things!) and that we are just seeing a termporary blip in downward prices . . . you may not be able to convince anyone to see things your way. However, I think I would give it a try. My DH reminded me that I won one time but we lost another time on a resort property. I think sometimes the decision-makers have targeted certain areas as stable and they just won't budge. However, I think when an assessment jumps early $100,000 . . . and the market is reflecting downward trends . . . it does warrant some effort towards mitigating the situation. Even if they would cut it in half, at least that would show some effort at being more equitable.

Do let us know how things proceed.
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Old 04-28-2008, 09:06 PM
 
8 posts, read 29,120 times
Reputation: 13
In Cabarrus county,it's the BS tax-For Bruton Smith's drag strip,etc.My tax value went up almost 60,000.00.There's no way my house can sell for what they have it valued at.The appeal was wasted time.
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