Quote:
Originally Posted by Woogieman
"Nobody is overpaying"....I have spent years helping develop software that understands all facets and value drivers of each particular home. As part of this process, I am in direct contact with hundreds of local homeowners for many reasons, the latest of course is dominated by the county valuations. I spent this week with a retired vet whose tax bill went from $3,100 to $7,700 in one year. His home hasn't been updated since purchase in 1993, and has experience much deferred maintenance, such as wood rot, deck rot, a slow plumbing leak that destroyed a 10 x 30' section of ceiling in his lower level, and now has black mold eradication to deal with. And you are saying he isn't overpaying. That's the apex of ignorance and arrogance.
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Read my comment to Stevie again. Nobody is overpaying when they buy a home. They decide what the home is worth and make an offer for that price. In your above example, anyone looking to buy that home would come in and look at it, see the damage, and adjust any offer accordingly. As for tax assessments, the county can’t go into every home and see how piss poor some people take care of their property. That’s exactly what the appeal process is for.
In your example you are stating that this retired vets home went from an assessment of around 200k to over 450k in one year. That seems unlikely, but if so this is exactly what the appeal process is for.