Is there a general process for applying to lower my property tax assessment? I recently bought two MFHs for far lower than the assessment value and far lower than the sellers paid. Is this something that's locally determined? I asked my lawyer about it and got some convoluted answer about the assessment lagging a year or two behind values--how it's based on a year or two ago and not current or some malarkey like that. Is that true?
What's been the general process from your perspective?
process is in favor of the state/city. always.
no lawyer wanted to take any of my 30 houses. they all said "seems about right". how they make money when they dont take any work.....i am not sure.
i fought two cases. paid hundreds. barely got a reduction to cover the cost i spent. and that's just for 2 yrs... its going up in 2 yrs.
you just have to suck it, like the rest of us.
Interesting. Thanks @George P. I guess I got the impression it was a common thing because everyone associated with the transaction was like "oh, just appeal that after you close." I suppose people will ebulliently tell you whatever you want to hear during a purchase.
I'd appreciate hearing of cases where this did successfully work out and how you did it.
Well that's rather discouraging.
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