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Why don't you think it should be a hard case to sell that your house is worth less than you just paid for it?
Because in reality, the assessments they came out with are much more in-line with a proper redistribution of the tax burden. I'm being penalized for having recently purchased, but even worse, being penalized for havign REALLY recently purchased. My comps and neighbors have sales in recent years that greatly exceed their assessments. It could be that Avonworth is appealing them all, time will tell.
And the idea that life isn't fair (while true) should never be used to justify an incorrect tax burden.
My old assessment was 214k, and went to 221k. The sale price was 245k, but there was also a sellers assist of 12.5k. Does my recent purchase basically screw me, or is there any way for me to fight? I don't have a court date, but it did say that I would be notified when one was set for the district?
Your best bet is to mention the seller assist and it will probably be lowered to 233K. But be realistic, 245K was the selling price, would you sell it for less? Never mind what your neighbors are assessed.
Because in reality, the assessments they came out with are much more in-line with a proper redistribution of the tax burden. I'm being penalized for having recently purchased, but even worse, being penalized for havign REALLY recently purchased. My comps and neighbors have sales in recent years that greatly exceed their assessments. It could be that Avonworth is appealing them all, time will tell.
And the idea that life isn't fair (while true) should never be used to justify an incorrect tax burden.
I think there are things other than square footage rolled up into the assessed value. And because actual market data is able to capture some of the more intangible value, I don't think it's wrong to heavily weight recent sales when calculating the assessed values.
Frankly, I think your assessment is about spot on, and more likely than not your taxes are going to be going down, even though your assessment increased moderately. To me that seems like a fairly acceptable situation.
Your best bet is to mention the seller assist and it will probably be lowered to 233K. But be realistic, 245K was the selling price, would you sell it for less? Never mind what your neighbors are assessed.
No.
You guys are obviously right, it's just an interesting dichotomy. On one hand, my house SHOULD be assessed at 233k, that would be the correct assessment IMO. However, if you look in relation to my neighbors, I would estimate 221-225k. Which is right? Is it better to have the right assessment, but an unfair burden on the owner? Or should you have the correct burden, but an incorrect assessment?
In my case, so long as they take the sellers assist into account, I don't think I have anything to complain about, 233 or 221 both seem fair to me. If it ends up at 245, I wouldn't be thrilled, it just seems too high above comparable properties, too dead on the sales price while other comparable houses are significantly below their sale price, and it would certainly be higher than houses all around me which are in truth worth more.
In either event, the system is failing someone. My assessment is either too low, failing someone, somewhere, or my tax burden is too high, failing me.
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