Quote:
Originally Posted by AlphaFrog
I just had a monkeywrench thrown into the works, though. The appraiser on my re-fi appraised my house TWENTY FREAKING THOUSAND DOLLARS less than it was appraised for in 2009 when we purchased it from my parents. And the Tax Value is $6000 higher than the 2009 appraisal. Even Zillow says my house is worth $11,000 more than this appraisal. It doesn't make sense, though, since he noted in his report that prices were trending UP in my neighborhood.
|
Don't use zillow as a reference but as a starting point to appraising a house. As much as they try there is too many variables they don't/are not taking into account. Also the tax assessor will almost always raise your property taxes without verifying if you property is actually worth what they claim it is worth. Right after the bubble burst and my condo had dropped at least $20k the tax assessors were trying to raise my taxes!!