property tax assessment
thisishishouse
13 years ago
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joyce_6333
13 years agololab
13 years agoRelated Discussions
property tax assessment vs homestead credit
Comments (3)I also live in MD. I received my assessment last year, appealed it and had the assessment reduced. I'm in a 37 year old rancher, with good schools, and my neighborhood is not in decline. You should file an appeal. The instructions for doing so are included with you assessment notice. I found it to be a very informal and non-intimidating process. I never even brought up the real estate market. I basically explained why I felt my house wasn't worth what it was assessed at. I even had pictures of all the things that are wrong with my house, and I wasn't even asked to show them. I don't see what the Homestead Tax Credit has to do with anything. They say your house is worth a certain amount and you don't agree, period. Sounds to me like they might be trying to discourage people from appealing to avoid the extra work. You don't have to pay anybody for information. Whatever you need is publicly available to you for free, and a lot of useful information is on the internet. Here is a link that might be useful: MD Real Property Data Search...See MoreProperty Tax ? For Realtors
Comments (6)Yes, the school scores and school facilities were very similar so we really couldn't complain. The other school that was closed at the same time, however, had more of a problem in that their area's existing schools had much lower scores. Of course the parents were labeled as racist because they didn't want their kids to go to lower-performing schools that happened to be far away and difficult to get to. It was a mess for a long time with how the school district handled this which (I believe) is why I only have about 4 comparable sales to use....See MoreHas anyone filed for a property tax assessment appeal before?
Comments (9)I assume you already know the assessment rate used by your municipality, and the equivalent market value you are being taxed for. If you purchased your home recently, and haven't made improvements that jacked up its assessment value (e.g., by pulling permits), the purchase price will almost surely be used as the basis. It will also, in my experience, be very difficult to claim your house is worth LESS than what your paid for it recently. You would need to show how it had declined -- i.e., a development that eliminated your water view, elimination of a bathroom or bedroom, etc etc. If you have been in the home for a long time, you need to compare the market value they are using with comparable values in your area. A real estate agent is best for help in that....See MoreInteresting history of another FLW
Comments (10)bpath let's start with I wouldn't be interested in renovating a house like this! I appreciate the history and all but find FLW houses majorly depressing and this one is no exception. However..... I think if you're going to live in this house you have to approach any renovations with an eye to original design intent. Doing that especially in the bathrooms with modern materials and what is now considered normal necessities in terms of shower size, # of sinks etc might be difficult in the original footprint - kitchen would be the same issue. I had a similar basement sink in both of our old houses. Not a clue about the levels - hadn't noticed till you pointed it out but it is confusing. ODD that roof repair estimate doesn't include all the interior damage so it's VERY light. You're being quite generous suggesting that some of the houses built today will even be around in 100 years!!! The house is valued based on all the needed updating and repair which is massive $$. Schools for that house are exceptional and it's 2 blocks from probably the best park and public beach on Lake Michigan in the area. Once that house is updated, taxes will triple....See Moresue36
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