I think my house assessment went up about 33% (from about 256 to about 338), and that being said, it's worth at least 60k more than the assessment. I bought it in May for more than the assessment is now, have put in around 40 grand in renovations, and average house prices are still higher than when we purchased.
It would take almost 100k over assesment for someone to offer me before I'd say "it's yours!"
The house we were renting in before is assessed only 18k less then the house we own now (320 k), but it has been on the market to sell since last April for about 290k. It's never going to sell at that price.
|