I have received many calls from pasts clients about the receipt of their recent tax assessment. First of all, this is NOT current value. This value is only from sales for the period of June 2008 to June 30, 2010. NOT CURRENTLY. Some have seen their value go up, and some have seen them go down. If you feel the newly assessed value is incorrect, you have a VERY short time period to protest them with your county’s assessor. You have only until June 1, 2011 to do so.
What about all those foreclosures and short sales, how are those determined in comparison to mine? The assessors office will look for “typical” sales first. If there are predominately distressed sales in your neighborhood, then yes those could lower your property value. But they will use regular sales before using bank sales.
If you need help on looking at the sales and comparing them to your property, I a happy to do so.
Lori Vialpando's Blog 