How do I fight Escape Assessments and Assessments values in General?
I am in the process of refinancing my Twin Peaks condo and received an appraisal far below what I anticipated. (Good news is that it won’t impact my ability to refinance because I still have plenty of equity.) Since the appraisal is $50,000 below the assessed value of my condo for SF property tax purposes, I spoke with someone in the Assessor’s office yesterday to find out the process to follow in requesting a reduction in the assessed value. If you haven’t already done this, here’s what they told me: They directed me to go the the City of SF website (www.sfgov.org) and search on ‘Informal Review’. Select the PDF for the 2009-2010 Request for Informal Review of Assessed Value. The request must be made between April 1 and August 28. They use a January 1 ‘lien date’ for market value – you need to provide stats on 3 comparable sales that occurred +/- 90 days of that date. Unfortunately, because my appraisal was from mid-May, most of the sales fell after March 31. The person in the Assesso