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Updated almost 2 years ago on . Most recent reply

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Curt Bixel
  • Rental Property Investor
  • Columbus OH (columbus, oh)
70
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141
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Appealing Property Reappraisals - is it worth the time?

Curt Bixel
  • Rental Property Investor
  • Columbus OH (columbus, oh)
Posted

I just got the property reappraisals for several of my rental properties.  I am curious about the appeal process and if anyone has gone through that in Columbus.  The values are a bit arbitrary.  One thing I noticed is that most of the valuations for properties on the auditors website are about 60-80% of their real market value.  

So, if a few of mine are valued pretty much at market value, is there any sense making the argument that I would like my property valued at the same percentage of market value as the neighboring properties, or is that simply a waste of my time. 

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Remington Lyman
#3 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus, OH
6,632
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Remington Lyman
#3 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Curt Bixel:

I just got the property reappraisals for several of my rental properties.  I am curious about the appeal process and if anyone has gone through that in Columbus.  The values are a bit arbitrary.  One thing I noticed is that most of the valuations for properties on the auditors website are about 60-80% of their real market value.  

So, if a few of mine are valued pretty much at market value, is there any sense making the argument that I would like my property valued at the same percentage of market value as the neighboring properties, or is that simply a waste of my time. 


 I sent you the person I am having challenging my values. He should be able to help you out

  • Remington Lyman
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