Appealing a suspected over-assessed property tax is a crucial step for homeowners and property investors to ensure they are not paying more than their fair share. Property taxes are a significant annual expense, and an over-assessment can have a substantial financial impact. Here are several compelling reasons to appeal a suspected over-assessed property tax. Financial […]
Category Archives: Market Value
Facts speak for themselves. It lets the listener decide. Facts along with well thought out explanations are necessary when presenting one’s case. One needs facts and evidence to educate those in a position to pass judgment on market value. As years pass, home assessment valuations develop gaps between sales prices and assessed values. Municipal tax […]
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Property taxes do not go away when you lose your job. Considering penalties and interest on property taxes still owned, many face foreclosure. While the full impact on unemployment has yet to show in government statistics, economists have seen it rise into double digits and many are in trouble … and for a long time […]
Living next to high tension electric towers, signal amplifiers, cell phone towers and other EMR emitting devices near a home need to be alert. A Palo Alto community cited a 20% drop in property values in other communities that were in the area of a cell tower. Here is an excellent study in The Appraisal Journal that shows cell […]
A fantastic water view can increase market price of a home. Andy Krause, principal data scientist at Greenfield Advisors, a real-estate research company notes that the increase in price appreciation is in the eye of the beholder. This research company gave the following view adjustment statistics which are similar adjustments corroborated by Appraisal Institute publications. […]
Why Property Taxes Need A Second Look Taxes on our property, our transactions or income exist to support basic community needs in some form or another worldwide. Excessive tax on income or transactions can’t be negotiated. Pay up or go to jail. However, property tax can be negotiated and considering there is a 30% to […]