Why do tax appraisers not appraise a property based off of its real-world valuation at the time of appraisal? Why is there such a huge disparity between tax appraisers and real-estate appraisers for sale?
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it’s supposed to be the same but I guess they find that property tax appraisals are high for the low end of the housing market, about the same for the middle and low for the richest people ..
does make some sense, the richer you are the more you’re able to fight the appraisal but does fuck over the poor
When I got my house I paid less than what it was appraised for, when the property tax form came in I filed a dispute ‘I paid X so clearly it’s worth x’ and they changed it
I mean the only way to KNOW the real world valuation is to sell the house just cause someone puts a house on the market for X doesn’t mean it will sell for that much either
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