Prop Tax Complaint
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Prop Tax Complaint (by DonV [OH]) Apr 29, 2021 9:25 AM
       Prop Tax Complaint (by Vee [OH]) Apr 29, 2021 11:37 AM
       Prop Tax Complaint (by Landlord ofthe Flies [TX]) Apr 29, 2021 2:52 PM
       Prop Tax Complaint (by Frank [NJ]) Apr 29, 2021 3:21 PM
       Prop Tax Complaint (by Nicole [PA]) Apr 29, 2021 5:09 PM
       Prop Tax Complaint (by Deanna [TX]) Apr 29, 2021 5:13 PM
       Prop Tax Complaint (by Landlord ofthe Flies [TX]) Apr 30, 2021 1:54 PM

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Prop Tax Complaint (by DonV [OH]) Posted on: Apr 29, 2021 9:25 AM

What are things you bring up when disputing property tax value assuming you are going AGAINST a recent purchase? Commercial Real Estate in Ohio.

I have learned you can deduct appliances and intellectual property from the purchase price.

Keep in mind the new valuation I am fighting is from when I purchased the property a little over 1 year ago.

Prop Tax Complaint (by Vee [OH]) Posted on: Apr 29, 2021 11:37 AM

Those disputes are open once every 3 years, and the results last 3 years also, so prepare a good story every 3 years.

Prop Tax Complaint (by Landlord ofthe Flies [TX]) Posted on: Apr 29, 2021 2:52 PM

Find out what neighborhoods they use to estimate your tax. Find those comparables, then make adjustments on yr built, sq ft, yard acreage, #BR, #BA, #garage, pool, etc. Like for age, in our area you can take 1/2% sales price off per year difference over 5 yrs.

Be sure to mention everything wrong with your property, if it's near a highway and you hear road noise, or near a water tower, busy intersection, etc.

They appraise it like a real estate agent would, based on comps. The trick is to figure which comps.

You'd think they would only use recent sales, but not always. My assessment used 3 homes that were still occupied by the original owner that have never been put up for sale in over 20 yrs. I'm challenging that. But I'm betting they're going to be very unsympathetic. They're after the money this year.

Prop Tax Complaint (by Frank [NJ]) Posted on: Apr 29, 2021 3:21 PM

Hire a properly licensed resl estate appraiset to effectively suppport your claim.A real estste sgent is not that person

Prop Tax Complaint (by Nicole [PA]) Posted on: Apr 29, 2021 5:09 PM

where I live, it's based on the value when you file the appeal. Right now, property values are way up.

To win, you need professionals to supply reports and to testify - appraisal (you can't use one unless it was prepared specifically for the appeal - in other words, you can't use your purchase or refinance appraisal), accountant, engineers, etc.

Prop Tax Complaint (by Deanna [TX]) Posted on: Apr 29, 2021 5:13 PM

Usually, I have photos of the interior that show how decrepit something is--- "Hi, this house has no kitchen, it has no bathroom, it has no running water, it has no electricity. I'd like to see the comps for the houses you used, to make sure those don't have electric, water, kitchens, or bathrooms, either."

The other approach is usually, "Hi, we bought this house in 2019 for $x. That's the definition of market value. It shouldn't be taxed based on a valuation of 3x."

When we first started, they were really sloppy with their comps. They'd be comparing us to a town half an hour away... with a totally different economy and totally different housing market.

It's taken a few cycles (I think we're also on a 3-year cycle), but they've gotten smarter about their comps, and about their counter-arguments. ("Purchase price is not an argument" is now in their cover letters, haha.) It's harder, so usually we keep our heads down for all but the most egregious--- or all but the most decrepit.

Prop Tax Complaint (by Landlord ofthe Flies [TX]) Posted on: Apr 30, 2021 1:54 PM

Deanna, in our area, several neighbors and I noticed that the appraisal district is starting to dump most of the price of our appraisals into land value. Land in our HOA accounts for about 60% of the value. Guessing that will make it harder to dispute.

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