Determining Fair Value The county board of equalization determines if all properties are assessed at their true and fair value. Equalization issues brought before the county board can result in changes in property values on a larger scale, so it’s important to be sure you’re getting an accurate assessment when submitting your appeal. The Hearing … Read more
How Do I Get Comparable Sales Data To Appeal My Assessment? You can get comparable sales information from records at the county assessor’s office, realtors, or title companies. You should use property sales that are most comparable to your property and which are sold closest to the assessment or appraisal of your property. The best … Read more
Information Required For A Property Tax Appeal When appealing your property tax assessment, you should be specific about why the assessed value does not reflect market value. You can’t just state that taxes are too high or it’s overpriced–you need to show how it is unfair and/or inaccurate concerning its worth on an open marketplace. … Read more
Filing A Washington Property Tax Appeal To file an appeal against a property valuation, you must complete a Taxpayer Petition for Review of Property Valuation Determination form in the county where your property is located. A letter or phone call will not be accepted as a substitute for this process. Anyone with an account on … Read more
Washington State Property Valuation Methods Assessors are given a difficult task, but the goal is to get it right. They must value all taxable property at 100 percent of its true and fair market value in money according to the highest and best use of the property. Market values should be set by willing buyers … Read more
Property Values Likely To Fall As Risks and Costs Rise on Older Condo Cmplexes The Surfside condo collapse has put older buildings under the microscope and created trepidation for buyers. The partial collapse of Champlain Towers South, a 12-story 136 unit condo on the southern border of Surfside near Miami Beach, is expected to lead … Read more
Minnesota Landowners Looking To Overturn Street Repair Assessment The owners of seven St. Paul buildings are challenging assessments for seal coating and mill-and-overlay work in 2019 and 2020 because they say that such services benefit the entire city, so property owners should not have to pay these fees, which are at least partly funded by … Read more
Property Tax Lien Asset Management Ethics The National Tax Lien Association (NTLA) developed a code of ethics for the management of tax liens for investors. The NTLA focuses on the education of investors and ethical investment and administration of tax liens nationwide. Centerbridge Law Group voluntarily adheres to the NTLA Code of Ethics when managing … Read more
What Does Property Tax Millage Rate Mean? A millage rate is the tax rate used to calculate local property taxes. The millage rates represent how much $1,000 of a property’s assessed value will be taxed annually for each taxing entity with jurisdiction over it, where 1% equals .001 or 10 mills. Assigned millages are applied … Read more
Taxpayer Successfully Challenged Ada County Idaho Assessment On Her Own Thank you to the Idaho Statesman for the original news story – linked here. The assessor had used sales data from other homes in her area to calculate the value of her home. But the homeowner’s home backed up to a busy road, making it … Read more