On Sun, 23 Mar 2008 04:50:58 -0500, "P.Schuman"
<pschuman_no_spam_me@[EMAIL PROTECTED]
> wrote:
>with the housing downturn - I wonder if anyone has gone to their local
>county
>and had their taxes lowered based upon a lower appraised value ?
I did that during the downturn in the 1990's, and saved about $1,000 per
year in taxes.
I had had a formal appraisal done in April of that year (trying to
refinance my mortgage) and, since the assessment is based on April values,
the appraisal was timely. I also looked at the comps to determine their
assessment vs fair market value; as well as doing the same thing for
recent
sales.
Armed with this information, I was able to lower my assessment enough to
result in the above tax savings. (The appraisal cost was about $350, at
that time, if I recall correctly).
--ron
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