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 was wondering this myself, checked out a couple of the neighbouring units and their all over the map, like a 20-30k swing in identical floor plans. One next to us is apparently $20/k less than ours... even though I know the renos listed when it was on the market should put it at slightly more than ours.