Are the comparable sales relied upon by the assessor relatively recently constructed or older properties?
If the sales relied upon by the assessor were relatively newly constructed, they will likely generate higher prices per unit than would a 30-plus-year-old property due to lower repair and replacement expectations. Just because your local assessor relied on comparable sales to give your property a higher valuation and a bigger tax bill doesn’t mean you should pony up without a fight. Take a look at the comps and see how comparable they really are: You may be able to successfully argue that properties built recently, featuring larger unit sizes, or selling with Effective local tax assumable financing were able to fetch much higher sales prices than your property rates are a critical could reasonably command.
