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I live in rural Sussex County. Believe me when I say nothing has been sold near me in quite a long time. How can my house be assessed correctly when all, and I do mean all comparable houses near me that are larger and newer are assessed for less than mine is.
There must be some standard by which value is placed on houses around here. It would seem like there should be a computer program that would logically set a dollar amount on each house regardless of who owns it. How is the final value of the house actually set? Who sets it?
the assessor hired by the town sets the value. i dont know what to tell you - if you go in there with the argument "my house is assessed higher than theirs but theirs is nicer/larger/more property", you're going to get laughed out of the building. believe me - I did it the "right" way and lost.
do you think your property is valued correctly? forget your neighbors. If you "believe" your property is worth $500K - your assessment (taking into account the equalization ratio) can be as low as $425K and you wouldn't have a case (the 15% mentioned earlier).
you have to stop looking at your neighbors and their assessed value - it's not going to get you anywhere, believe me. you don't want to waste $150 or so to file and get dismissed for lack of proper documentation.
So if the accessor sets the value. I want to show him comparable homes and ask him to justify how I'm being accessed at a higher value.
If these homes are larger, and newer. If I'm paying more and he can't satisfy me with justification, you mean I don't have a leg to stand on as far as a formal tax appeal?
I found that if a house is over accessed, then that owner would be getting mail from every firm under the sun that wants to take care of this for you (for a fee of course). My house was reassed down a couple of years ago, but because of a paperwork issue, it didn't hit the records. I get 3 or 4 envelopes a week from law firms and the such offering to lower my taxes
I'm gonna get an appointment with the tax accesser. I'll do my homework and be prepared. I'll have 6 houses very near me that are comparable. I'll show him that they are valued less, yet bigger and newer. I want him to justify his decision on why I pay more. If he can, O.K, but if he can't, and he just says I have to pay, then there must be another step for me!
I'm gonna get an appointment with the tax accesser. I'll do my homework and be prepared. I'll have 6 houses very near me that are comparable. I'll show him that they are valued less, yet bigger and newer. I want him to justify his decision on why I pay more. If he can, O.K, but if he can't, and he just says I have to pay, then there must be another step for me!
you never answered my question about how you feel YOUR assessed value is, because the assessor will have that info.
All I can say to that question tahiti, is no I don't feel my assessed value is correct only on the basis that I'm not inline with my neighbors assessment.
Maybe there is a mistake and all my neighbors are paying too low an assessment and my assessed value is correct. Then that's just not right.
As Tahiti said, forget about your neighbor's house and see what your house is worth. then work from there. Your comps need to be current (1 year) sold comps only and they need to be very very similar to your home.
As for the contingency tax appealers, if they run the numbers and they feel they do not have a chance, they will not take the case.
All I can say to that question tahiti, is no I don't feel my assessed value is correct only on the basis that I'm not inline with my neighbors assessment.
Maybe there is a mistake and all my neighbors are paying too low an assessment and my assessed value is correct. Then that's just not right.
This is my last post on this subject bc you're not getting it. You will LOSE your appeal with the way you're going about it. Your neighbor's assessed value has ZERO to do with yours. Do whatever you want but you're flushing money down the bowl if you proceed the way you're going. Fair or unfair, it does not matter.
I absolutely refuse to believe that if you feel your home is worth $500k, you'd sell for $425 bc your neighbor's homes are larger and newer. That is essentially what you just said.
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