Quote:
Originally Posted by Torture
Just bought a house (Moved in December 27th!) and it's assessed $60k over what we paid. I understand that the assessed value is supposed to the market price at July so my purchase price in December may not be completely accurate, but it also sat on the market in July (and for 5 months afterwards until they dropped the price), unsold, at the price the city's assessed it at...
Went to the calculator and it doesn't make a huge difference to property taxes (maybe $300-$400), but does anybody have experience fighting to get the assessment lowered? How much of an uphill battle would it be?
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The city uses transactions up to July 1, 2019 to make their decision. Just saying that this is what you paid is likely not good enough this year (but would make more sense next year).
However you can also pull all the sales data and see how the city determined your assessment. Depending on how far off the city is with regards to how they leveraged previous sales, you might still have a case.