Property Appraisal Higher Than Purchased Price? - property price check
We bought a house in Houston three months ago for $ 169K. After the purchase, send a request to the county tax office to transfer the property to our name. Today we will visit the county tax office and find that the property was transferred to our names. Nevertheless, the assessment is displayed in our property up to $ 179K. Can we protest against the assessment by the tax authorities in the province, shows our purchase price? In fact, the tax on the value of this property is $ 162K over the last two years.
Sunday, January 10, 2010
Property Price Check Property Appraisal Higher Than Purchased Price?
11 comments:
Not sure whether you qualify for a double-edged sword in this case.
One side will reduce your tax liability, but on the other elements to build equity for you and you are in a better position until you decide to refinance or sell the property.
In the future, experts, or you can take into account the tax assessment value, as a way to assign a value to your home.
Just some food for thought.
The assessment for the assessment of taxes is used, not the purchase price related needs. Imagine if in this way. If you've been very fortunate to purchase this property for 100,000 U.S. dollars, is expected to reflect the tax assessment on their luck? Of course not. Assessment of the tax assessments are not carried at fair value, what you paid for the property.
If comparable properties are assessed in the field of taxation, has no complaints.
What was the score when he bought the house? This assessment would be appropriate to protest against the value of the county.
Yes, wait, probably until next year. It is too late to protest TX value now, if I remember correctly. Contact the local assessment district. It gives you a package to the value of the assets challenge. A recent sale of the property is the best basis for challenging the assessment and is usually approved very quickly.
The law of the State of Texas requires that the assessment of property taxes is closely linked with the market value of the property. Formal reassessment occur approximately every 3 to 5 years with interim adjustments to the statistical analysis. In other words, is more art than science and the recent sale of arms length is the best proof of the value of the property.
Normally, when you change the owner of the property. an assessment of mortgage is probably not the objectives of an adequate assessment of property taxes - you can talk and see what they say - it probably will not have much impact on your taxes
Normally, when you change the owner of the property. an assessment of mortgage is probably not the objectives of an adequate assessment of property taxes - you can talk and see what they say - it probably will not have much impact on your taxes
You may protest - only to leave office workers and see how. I still hope - that included the tax assessment and housing valves are rare.
The assessed value and taxable value are two different things. Exercise value is exactly what she has one miles per call county has all the necessary properties have to reach an estimated value. The value of evaluation is likely to produce a buyer, the fair market value, in other words.
So you can protest against the tax, to understand, but that does not care value. And you have proof enough that the assessment is unfair to its neighbors.
As a rule, to protest against the assessment, you must prove or justify the value that should make you think, will be assessed in the workplace (the needs of the Foundation / leaks / energy / termite / commissioned the evaluation, etc.). The most effective is the physical evidence (photos, documents, assessed values of similar properties in the area, etc..) If not, it seems you have a good offer on your home page in their view, unless you can prove otherwise. In other words, the burden of proving that, unfortunately (at least in my neighborhood, such as evaluating a few hundred miles south of where it is). =)
As a rule, to protest against the assessment, you must prove or justify the value that should make you think, will be assessed in the workplace (the needs of the Foundation / leaks / energy / termite / commissioned the evaluation, etc.). The most effective is the physical evidence (photos, documents, assessed values of similar properties in the area, etc..) If not, it seems you have a good offer on your home page in their view, unless you can prove otherwise. In other words, the burden of proving that, unfortunately (at least in my neighborhood, such as evaluating a few hundred miles south of where it is). =)
This is no reflection of what your community appreciates its value ... It's never quite agree idiots ... when I saw that their value of 260, but I say that I paid 186, and that is what I have to pay to not agree, however, though attacked .....
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