I got my appraise of my house from the tax commissioner
By swetashah
@swetashah (345)
United States
June 13, 2010 9:21pm CST
Yesterday, I got the report from the tax commissioner in regarding to my house in the recent market value. Disappointedly, it is going down from the previous year. No wonder, so many people getting cheap houses these days. The market is still in down time. The local tax commissioner have done this every year to appraise every house in the neighborhood. At least, I have a ballpark figure over how much my house worth in the recent market.
3 responses
@spalladino (17891)
• United States
7 Jul 10
The value of your house for tax purposes is not necessarily the same as the value of your house if it is for sale. While it's true that real estate values have gone down don't let this figure discourage you. The value of you home is based on many things, including what other similar homes in your area recently sold for. If you're considering selling and don't need to sell right now, I'd advise you to wait for the market to rebound.
@ellago (127)
• Philippines
6 Jul 10
This news is sad for a home owner if the house is not yet paid or if you have plans of selling your house in the future.
However, it is good for investors. If you have cash to spare. This is the right time to invest in real estate. Prices are going down and you can buy houses below market value.
@TexLadyPj (1328)
• United States
14 Jun 10
Herro swetashah
My first thought when I read your discussion is: Do you plan on refinancing or selling your house in the next year?
If not, the advantage is taxes are re-figured. This means a savings for you.
We didn't know of our house had been reappraised, and were very happy that it was. It meant our taxes went down also.
Since we did not get a raise in our social security or our military retirement, every dollar less in expenses is good for us. To exacerbate the issue, our medicare deduction went up $4 for each of us.
Prosperous mylotting
