Looking at the latest assessment of my legal two-family home, it was assessed as "conventional" (likely because it hasn't been used as a 2-family in some time). Looking at comps, it is assessed 50% higher than any 2-family in the neighborhood on a price per square foot basis.
My questions are, does this open up a can of worms letting in the assessor (if they do in fact come in during this process)? Is price per square foot a reasonable way to compare value in an assessors eyes? Do I have to accept this, since I recently purchased the home at above assessed value?
Thank you for the help, property is in New Hampshire.
@Will Stewart I always go to see the Assessor and if it's one on one they'll let me know what's going on. Of course there's only a little window for requesting abatements.
Thanks @Mike Hurney appreciate the insight. Have a meeting tomorrow with them to discuss. Good tip, to go in just asking the question, rather than with an accusatory attitude. I'll let you know how it ends up.
just an update, had the meeting with the assessor and was able to drop the assessed value by about $40k, saving me ~$1000 a year on property taxes (gotta love NH....). Well worth the conversation!
@Will Stewart Great news! That's a huge money saver right there.
Best of luck,
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