Quote:
Originally Posted by LIforrelaxin
So here is my delemia, based on some investigative work, I could sell my property for something close to the assessed value..... Unfortunately how long it may take me to do so is another question entirely....
On place in my area was for sale, for 2+ years off and on, and the other was on sale for now 1+ year, and may have sold.... and a third sold within I believe 18 months..... All places have about the same amount of land, and the land is all valued roughly the same.....
Now if I look at my appraisal done this year, his price is based on selling the property within 6 Months....
This all makes my head hurt.... I was thinking of fighting my assessment, but now I am not so sure... I believe essentially I would have to prove, that I couldn't sell it for the Assessed value.... when two recent sales say I could....
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Or you can cherry pick sales that are favorable to your opinion while the assessor may do the opposite. Who's "opinion" is right?
Think about it this way.... let's say your place is worth 500K FMV. The house next door is identical. If the house next to you sells after several years on the market for 1 million does that make yours worth the same? The assessor may say yes. On the flip side if the house next door were to be foreclosed and sold at auction for 250K is your place worth 250K? You KNOW the assessor would say hell no.
Just sayin....