The confidence to question authority, a few well worded emails, and we saved an additional $100 a year! The drop in assessment resulted in over $1,000 in tax savings. And that is money we plan to re-direct to paying off our loan early.
Sunday, May 15, 2011
When You Don't Agree With the Property Assessor
Last November we bought a home. We got it for $80,000 less than the assessed value. We were assured that the new assessment would come in at the purchase price; it was not a distressed sale, financing was normal, etc. In February the City Assessor came for a visit, made some notes and left. A post card arrived in late April....assessing our home at $5,000 more than what we paid. My husband, the ever mathematically efficient electrical engineer, took issue with this assessment. As he is apt to do, he put together a concise email questioning the assessment (which took him about 10 minutes to write). The response that came back was "new windows added to the value". Really those must have been some windows, and the ones that came with the home were functional. Another email, stating this question, resulted in the City Assessor lowering our assessment to the exact value we paid.