Another Client with Tax Protest Success
This in this morning from a client:
The formal hearing this morning was a small, but still noteworthy success. The board voted to reduce my home’s value by $5,000.
It was definitely a learning experience. My main argument was that the price per square footage among listed and sold properties in my area had decreased since I bought the house a year ago, so it only stands to reason that my appraised value would decrease in line with that – versus increase by $31,000 from 2008 to 2009. However, I could tell one of the panel members thought I was nuts to protest the value of my house, considering what I paid and what the appraised value is. At one point she said “The board appraised your home at about $20,000 less than what you paid for it. And you’re protesting why??”
Anyway, I guess something I said registered with at least one panel member, because she made a motion to reduce the value by $5000 based on the equity of other sold homes in the area. (Or at least that’s how I heard it.) The woman who confronted me passed on the vote and the third member seconded the motion.
Done. Glad I asked. Never hurts, right?
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Entry filed under: Smart Real Estate.