Quote:
Originally Posted by Erawan
I plan on grieving taxes...the home is assessed by the town at more than it is currently worth (over $120,000). I will also provide photos that it needs work. As long as I have that, a mortgage proving it was purchased lower and a new assessment by the bank at a lower amount --would that be enough to prove my case? I can also provide homes nearby that have sold for less than my homes assessed value.
If that is enough-- how much lower do the taxes typically go?
Thank you
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We had success by using basically what you have...especially the appraisal and the comparable sales (assuming they are recent). Our initial attempt only got us a 10% reduction. We followed up with a small claims case with the county, and got the remainder of what we were looking for. The whole process took about a year and cost about $30 in fees. If you are willing to pay more, there are companies who will do all the leg work for you.
It looks like we are dealing with similar numbers. My home is valued at 300K and was assessed at 415K. The grievance lowered our tax bill from $9200 to $5800...just to give you a barometer.