Tax Sales Revaluation from $55K to $1.4M

[Annunciata R.]

A small land I purchased on Laurel Canyon Blvd in the Los Angeles Tax Sale in October has just been reassessed from $55K to $1.4M I intend to appeal but please does anyone know how such an error could have been made. Its only a piece of land!!!

[Andy Collins]

has the zoning changed in any way for the property.

In Texas we have special tax rates for "agriculture" land,,,there was a fairly large piece of land across from one of the oldest and the most expensive mall in Dallas (Northpark),,,,for years they had cattle grazing on it until they developed it to use the Agriculture exemption and pay virtually nothing compared to the real value for the land