*
Bedford Ramblings
Steve Mills

Here is a question for you real estate gurus. Property values.

Posted Saturday, June 8, 2013, at 9:25 PM
Comments
View 4 comments
Note: The nature of the Internet makes it impractical for our staff to review every comment. Please note that those who post comments on this website may do so using a screen name, which may or may not reflect a website user's actual name. Readers should be careful not to assign comments to real people who may have names similar to screen names. Refrain from obscenity in your comments, and to keep discussions civil, don't say anything in a way your grandmother would be ashamed to read.
  • When we refinanced a few years back, it was better for us to stay with our current finance company and let them lower the rates than it was to go outside, which would have required re-appraisal.

    I think it might be a combination of both things you listed. De-valuation and a much more conservative appraisal mentality.

    While I am sure no one will admit to it, (they would probably lose their license) I am pretty sure the appraisal value was often influenced by realtor, and/or bank.(in the past, of course)

    -- Posted by stevemills on Sat, Jun 8, 2013, at 1:48 PM
  • Interestingly enough, the appraisal was only 2,500 more than what I bought the property for in 2000. Improvements were made to the property since I bought it, including a 2 story 1260 sq ft detached garage. Makes no sense whatsoever.

    Oh yeah, the appraisal was also over 31K less than my 2011 county tax appraisal. Maybe I should call them up to see if they'll adjust my property taxes?!?

    -- Posted by espoontoon on Sat, Jun 8, 2013, at 5:20 PM
  • If you take a copy of the appraisal to the Property Assessor's Office on the second floor of the US Bank building, they will review it to lower the value of your property, which in turn lowers your property taxes. If you live inside the City, you should take it to them also.

    -- Posted by SoldierMom on Mon, Jun 10, 2013, at 11:44 AM
  • Thanks SoldierMom.

    The first week in June is when tax appraisals can be appealed at the Bedford County Tax Appraiser's Office

    -- Posted by stevemills on Mon, Jun 10, 2013, at 12:34 PM
Respond to this blog

Posting a comment requires free registration: