Property Tax Assessment Part 4

 

Look for errors on your assessment

 

Annually, your tax assessor sends you a letter telling you what the assessed value of your home is. If the numbers make sense, it’s likely you won’t want to do anything. However, if you think your assessed value is lower than what the city has pegged it at, you may want to challenge it.

If you’re going to ask for a lower assessed value, the first place you’re going to look is the description of your property on the letter you received from the tax assessor. As an aside, if you don’t see the description on the letter, you can look online or go to the tax assessor’s office and look at your property tax card for the details.

With the rapid growth in home sales and prices over the last five years, it’s not uncommon for your local tax office to list an extra bathroom or add square footage to your property. And, since the tax assessor’s office does most of their work from the office, a lot of what they do is automated and software driven and not as a result of walking through your home.

If there are errors, identify what they are and then find a local real estate agent who can help you determine the real value for the changes that need to be made and even the total updated value for your home.

This info will be the foundation for your appeal.

 

Park Place Collective

Joe Costa Broker/Owner

Marni Wolf VP of Operations

400 West Broadway, Suite 400

San Diego, CA 92101

619-990-7552

www.parkplacecollective.com