This is an update to my previous post, I Thought Real Estate Was In the Dumps. It is a property reappraisal year where I live and despite the down real estate market the county property assessor seems to think we are in the boom times. Follow along with me as I go through the process of challenging these appraisals.
I have received more property reappraisal notices over the past week. So far I am looking at an even greater supposed substantial increase in property value for 2013.
The first step in challenging these appraisals is to find out what basis the property assessor used to determine these values. The basis is generally comparable sales or “comps.” I went to the property assessors office and asked to see the comps for my various properties. This information is generally public record and all you need to do is ask for it.
So now I am armed with the info that the assessor used to value my properties. I will be analyzing it over the coming weeks and will let you know what I find.
I will also note here that the staff in the assessor’s office were very helpful and I could not have been treated better. I was in and out of the office in about 15 minutes. It is always refreshing to get good service.
