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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (117499)11/13/2011 10:52:31 AM
From: Hope Praytochange   of 224749
 
I tried to help some friends with their property tax appeal. They bought their house in 2010 for $214,000. It was assessed that same year for $330,000. I thought this should be easy; common sense says it's worth what they paid for it, right? Wrong. The appeal failed. According to the assessor, the house is worth $116,000 more than what they paid for it! It also doesn't matter that it was listed with a Realtor for months before they purchased it, which proves it's not a discounted price to nephew Pierre.

No, the fly in the ointment here is the fact that they bought it from a bank and banks sell properties via bargain and sale deeds. According to the Assessor's Office, they don't recognize those types of deeds because the Washington Department of Revenue forbids them from considering bargain percent sale deeds in their tax evaluation of property. I called the Washington Department of Revenue and they told me that is incorrect. They said the decision to use bargain and sale deeds is up to the assessor for that county. The people within the assessor's are working within rules and guidelines handed down from the administrative level. I think this just another way to raise taxes without having to go through the normal approval method. Do you have this kind of problem in your area?
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