Topic: Property Tax Assessment – Appeal?
Property Tax Assessment – Appeal?
We just got our Proposed Real Property Assessment for 2015 and it went up $76k from the 2014 proposed assessment – about $80k more than we paid for the house 2 years ago. It’s good for our investment that the house has increased, but this seems a bit fast and high! According to the listserv, it seems that quite a few people have experienced $50k to $100k increases and there are discussions of appealing the assessments by the April 1 deadline.
3 questions: 1) Are there any negative consequences to appealing/lowering the assessment of our house? 2) The other 3 duplexes/multi family homes sold in the last year in Brookland varied by 100k with our proposed in the middle but all are 3/4 mile closer to metro than ours, so could I use the distance from metro to appeal for the lower assessed value? 3) Is appealing worth it?
Thanks for any thoughts/guidance!