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Old 01-04-2008, 08:25 PM   #21
jam26
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How depressing. The house I sold there four years ago has soared $167,000 (more than doubled) since then.
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Old 01-04-2008, 08:30 PM   #22
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I wish I could remember what mine was before today. Oh well, I know it went up, just not sure by how much.
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Old 01-05-2008, 02:00 AM   #23
Yellefan
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Wow, I'd say they overvalued my property by about $100,000 ... if anyone wants to pay me that much it's yours!
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Old 01-05-2008, 09:57 AM   #24
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Wow, I'd say they overvalued my property by about $100,000 ... if anyone wants to pay me that much it's yours!
wow you beat me only about 50-75k here.
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Old 01-05-2008, 11:54 AM   #25
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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.
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Old 01-05-2008, 01:11 PM   #26
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Ok, this is getting unreal. They are saying my 1600sq/ft 4 bedroom 4 lvl condo is now worth $336,500. I would LOVE to sell it for that price but don't see it happening.
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Old 01-05-2008, 05:52 PM   #27
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So my place was valued at $299,000 last year. This is it's now valued at $368,500.

What does that mean other than nothing at all?
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Old 01-05-2008, 06:10 PM   #28
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So my place was valued at $299,000 last year. This is it's now valued at $368,500.

What does that mean other than nothing at all?
means your taxes would go up ~20% assuming other house values remained the same. If everyones went up the same amount then your taxes won't change.
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Old 01-05-2008, 07:31 PM   #29
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I'm not to sure what to make of all this.

Last year: $480,000

This year: $584,500

As someone else mentioned if someone is looking to pay me that much let's talk!!

The house next door recently sold in one day, it was listed for $1,000 less than what the assesment value is now.

I expect next year to have my property valued substationally lower.
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Old 01-06-2008, 12:21 AM   #30
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Don't forget that this assessment theoretically reflects the market value on July 1 of last year...not today. There's no way I could sell for my assessed value today, but probably could have back in July.
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Old 01-06-2008, 12:50 AM   #31
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Don't forget that this assessment theoretically reflects the market value on July 1 of last year...not today. There's no way I could sell for my assessed value today, but probably could have back in July.
I couldn't have then and i sure as heck can't now. It's just by more then it was in July.
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Old 01-06-2008, 01:47 AM   #32
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i wouldnt take what my house is listed at. i dont know if that means i overvalue my property or if they are out to lunch.

it is listed for 398 and i know what i can get for 398 and i wouldnt make the trade, so it must mean my house is worth more because you couldnt buy it from me for that much.

right?
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