Quote:
Originally Posted by john70t
The city assessors office first attempted to charge me 60% over my current rate. I called the office and the woman on the phone actually lied to me and said it was illegal for them to base value individually: They had to base the property on neighborhood values(some of which were outrageous).
Made an appointment with the Board of Review and brought in a short-n-sweet letter which went like this:
"Dear Board of review,
About X months ago I purchased X property for the price of X.
The property was listed and found through the nationally-accessable MLS system. The buyer and seller were previously unknownst to each other, as was both realtors. A price was negotiated and the sale occured.
The entire process was an arms-length transaction and reflects fair-market value.
Please change my assesed value to reflect fair-market value as required by law.
Thank you, John "
Next stop was going to be the state board of equalization and then court, but the BoR meeting were extremely pleasant and it went through without a hitch. A couple hundred dollars a month ain't chump change ya'know.
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We just had a big property tax drop for the same reason. Saved me a few $200 a month. Then I switched insurance companies and got a few inspections and dropped that $900 a year. I was scrambling to minimize costs every month.
I figured worst case scenario I would call the mortgage company and say I couldn't pay the increase and see what they said. "Supposedly" the mortgage companies have been doing in-house negotiations.