Property Tax Assessment

[visualk]

we just moved into our new home that was built in Nov and we recieved our property tax assessment showing that they assesed our home in July of 2007 my question is the house wasnt even there to begin with and now almost a yr and half later this property is not worth the value shown so do I have a good chance in filing a complaint and succeeding at lowering my property taxes?

[Machi]

there should be a new assessment in your mail next week I think.. maybe you should wait for that first?

[Kloubek]

I think EVERYONE has higher assessments than their place is worth in this market.

[khtm]

Mine went down this year...woot!

[leec001]

Originally posted by khtm
Mine went down this year...woot!

Me 2 :clap:

[Seanith]

Originally posted by khtm
Mine went down this year...woot!

Me 3! Hopefully that doesn't mean i've taken a huge loss on its value :(

[SHO]

Originally posted by Seanith


Me 3! Hopefully that doesn't mean i've taken a huge loss on its value :(

Property tax is based on the value of your home...:facepalm:

[leec001]

Originally posted by SHO


Property tax is based on the value of your home...:facepalm:

Yes, then what? Are you going to sell it now? Or, is it below your purchase value? :dunno:
If not, the price will probably be recovered later on.
What happen is you need to pay less property tax now(with an increased rate).