Quote:
Originally Posted by widgeon13
Agree that the two are completely unrelated but the real eastate market today does give the homeowner the opportunity to contest the current property assessment and then if the taxes are lowered, the cash can then be directed to possible increase in the mortgage payment.
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I don't want to threadjack or continue the confusion, but I wanted to mention that I contested my valuation last year. My taxes had gone up about 20%. I found 3 neighborhood comps and contested my value; showed comps that were 60-70% my 'assessed' value.
I won!!!!! They dropped my 'assessed' value by $1500!!!!! That's about . . . . oh, I don't know . . . .
.3%
It lowered my property taxes by approximately ZERO. Thanks, Denver!