To preface this, Im not big into litigation or anything but I have started to wonder if their method needs a hardcore adjustment. I feel like people are really being screwed outside of protesting and with protesting their assessment. My case:
I have a home lot that was valued at $92k for the last 3 years as that was the purchase price (foreclosed). This year, they drove it up to $450k. Their great letter shows it went up 160% from 2011 but neglects it went up 350% since last year. Today we had our hearing and we were able to get it lowered in line with other comps in the area of $270k. Their assessment comprised of comps in another city, comps that were from 2014 and comps of a neighborhood with home values in the $2-3MM range. Our lot is in a neighborhood in the $600k range.
I feel like they are wrong on many fronts. First I believe they are using an automated system to pull comps. This system pulled comps for my property and who knows how many hundreds of others comps from another city. They are also not comparing apples to apples. Also, the system couldnt find anything newer than 23-30 months old? I had 4 comps pulled in my city within the last 180 days by my Realtor. I feel like their system is set up to cherry pick old comps to intentionally screw people, and throw out any comps that dont fit their agenda. Also, since I protested and got my value down $180k, that value wont roll over to all the people around me who didnt protest. How is this right?
I feel like there should be a class action lawsuit against my appraisal district based on how they are rating comps and how they dont fix everyones properties around that were based upon horrible comps.
Anyone ever look into this? Im thinking of writing all of my neighbors in the area to try and put something together.
I have a home lot that was valued at $92k for the last 3 years as that was the purchase price (foreclosed). This year, they drove it up to $450k. Their great letter shows it went up 160% from 2011 but neglects it went up 350% since last year. Today we had our hearing and we were able to get it lowered in line with other comps in the area of $270k. Their assessment comprised of comps in another city, comps that were from 2014 and comps of a neighborhood with home values in the $2-3MM range. Our lot is in a neighborhood in the $600k range.
I feel like they are wrong on many fronts. First I believe they are using an automated system to pull comps. This system pulled comps for my property and who knows how many hundreds of others comps from another city. They are also not comparing apples to apples. Also, the system couldnt find anything newer than 23-30 months old? I had 4 comps pulled in my city within the last 180 days by my Realtor. I feel like their system is set up to cherry pick old comps to intentionally screw people, and throw out any comps that dont fit their agenda. Also, since I protested and got my value down $180k, that value wont roll over to all the people around me who didnt protest. How is this right?
I feel like there should be a class action lawsuit against my appraisal district based on how they are rating comps and how they dont fix everyones properties around that were based upon horrible comps.
Anyone ever look into this? Im thinking of writing all of my neighbors in the area to try and put something together.
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