Quote:
Originally Posted by masarwar
Hey guys, we got our property assessment today. We live in a condominium townhouse and our property value dipped by $50,000. Whereas our neighbors took a hit of either $5000 or their value went up by $20,000. This is very surprising. Although my taxes have gone down significantly, I am not sure how to approach this issue. is there a reason why the value might have gone down when the units are maintained in similar manner?
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I don't get this. Why are people upset when their assessed values go down? No one has ever sold a house for the city assessed value, so who cares? Lower taxes! Lucky!
My assessed value has gone up $140,000 since I moved in 3.5 years ago. It drives me nuts. Part of the appeal of the place was its low assessed value which meant I pad $1000 less in taxes when I first got it. It's up another $40k this year and I'm thinking about fighting it.