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SVTPerformance's Chain of Restaurants
Road Side Pub
How to argue a tax evaluation on real estate?
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<blockquote data-quote="kirks5oh" data-source="post: 16025613" data-attributes="member: 23235"><p>4 figures is better than 5, trust me.</p><p></p><p>Where i live, the assessed value is usually much less than the appraised value. Just as an example, I put a huge addition (2500sq ft) onto my house and then got divorced a year later. Prior to the addition, the assessed value was $280k. They reassessed it a year after I got divorced and it was at $550k. When I got divorced I bought my ex out of the house, which required an appraisal. I had two people appraise it, knowing they’d appraise it low, at $800k. So when I got my taxes doubled, there was no way I could complain. </p><p></p><p> That being said, my father has been successful 3/3 times in fighting increased taxes in his city, by proving his house needs serious repairs, and is not worth what the city claims it is</p></blockquote><p></p>
[QUOTE="kirks5oh, post: 16025613, member: 23235"] 4 figures is better than 5, trust me. Where i live, the assessed value is usually much less than the appraised value. Just as an example, I put a huge addition (2500sq ft) onto my house and then got divorced a year later. Prior to the addition, the assessed value was $280k. They reassessed it a year after I got divorced and it was at $550k. When I got divorced I bought my ex out of the house, which required an appraisal. I had two people appraise it, knowing they’d appraise it low, at $800k. So when I got my taxes doubled, there was no way I could complain. That being said, my father has been successful 3/3 times in fighting increased taxes in his city, by proving his house needs serious repairs, and is not worth what the city claims it is [/QUOTE]
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SVTPerformance's Chain of Restaurants
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How to argue a tax evaluation on real estate?
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