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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Dave who wrote (161019)10/29/2008 4:38:50 PM
From: Jim McMannisRead Replies (1) of 306849
 
RE:"The County Appraiser does not consider purchases of Bank Owned properties to be reflective of the actual market. Some mumbo jumbo about using only "At Arm's Length" transactions? As a result, my appraised value for property tax purposes is 39% higher than my purchase price. I plan to contest the appraised value but would probably have better luck if I just bought a lottery ticket?!"

Yep, that was so predictable. Appraiser will pull his teeth before giving up the assessment. Local govie has already spent the money. Protests coming.
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