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Updated almost 14 years ago on . Most recent reply

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234
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53
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Kel S
  • Real Estate Investor
  • Toledo, OH
53
Votes |
234
Posts

Tax reduction on home by simply writing a letter

Kel S
  • Real Estate Investor
  • Toledo, OH
Posted

We recently wrote a letter to the Tax Auditors office to request a re-assessment of the tax value on one of our properties. This would be the taxable value of the home. For an hour of our time in writing the letter, we recently heard back and they reduced it by $30,000. Previously it had a tax value of $83,500 and they reduced it to $53,500. This is great for us. But not sure how that may effect the home value going forward. I heard that the tax value and home value are separate? We paid $31k for the home, so the tax value is still higher than we paid. Anyway, I was glad to see that we got it reduced. It helps the property to cash flow better too :mrgreen:

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24
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5
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Takeshi Yashima
  • Real Estate Investor
  • Alhambra CA
5
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24
Posts
Takeshi Yashima
  • Real Estate Investor
  • Alhambra CA
Replied

I also wrote e-mail to county auditor office about property tax of condo I am living in (About 3 month ago). I stated how much we paid and how much value different from when previous owner bought the properties with documentations via e-mail. Then, property was re-assessed and reduced by more than 25% from the original assessed value we received. I got all the refund back and I am happy now :)

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