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Nesgroup address: misc.consumers.house - Date & Time for the message: Wed, 16 Mar 2005 21:23:06 GMT /

Author of the message: vze8f3tq@verizon.net (v)

Title of the message:
Re: Tax Assessment

Text of the message:
On Wed, 16 Mar 2005 20:12:05 -0000, someone wrote:

>>Our county recently went to 100% for tax assessment, as opposed to
>>whatever they were previously assessing at.   We just recently purchased
>>a house for about $3,000 under what the county has us assessed at.
>
>The county assessor should just change the assessed value to match the
>purchase price if brought to their attention.  Assessments are supposed to
>be a reflection of the market value.
>

If the 100% is accurate, the $3,000 is probably rather trivial in its
tax impact.  However, many places that are supposed to be at 100%
actually come in a little lower on average for exiting homes (not
recently sold); this keeps people from complaining, because they think
they have a bargain that they want to keep quiet about.
So maybe the $3k over is really even more over.  Anyway, unless there
is some reason the Assessor can claim it was a below market sale



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