My home/property is up a modest 2.9% from last year, and very closely matches what everything around me is being listed for when it goes up for sale. Land stayed the same.
I've struggled fighting land values in town. They basically just say they do what they want and don't use comps like they do with houses.
Only angle I've had good luck with is if the property has something negative about it like being in a flood plain, a large ditch, pipelines or large powerlines, encroachments, bad access, etc.
I was told two things when I have inquired in the past about land property values. There are larger lots than mine in my subdivision but all or valued the same. I was told first that they arent making any more land and that demand continue to go up. Second that they appraise subdivisions as a whole and then just divide by the number of lots. The entire thing is maddening.
15% increase in home, 50% (FIFTY) increase in land. The appraised value is so far beyond what the homestead cap allows, my tax bill will be increasing by the maximum 10% per year basically from now on.
Was it last year we got an initial notice but then later got an amended one? Guess I can hope for that. And might as well give Ownwell a shot.
10% Decrease in improvement value, same land value. Ownwell has knocked it down quite a bit the last several years, they've been great for me. Referral link below.
I have never understood why once you build they still track land and home separate. They are the only entity that I can think of that thinks of value as two separate numbers. Maybe when you get into teardowns in old neighborhoods this makes sense but still unnecessary and not how the actual market looks at it.
The lot next door to my house is for sale for 30% less than they value my lot for in their calculation. I went in there last year just focused on that number being wrong. They said that, if they adjust the lot, the improvement value would just go up to offset. It made no sense.
The system is broken. In our neighborhood there is a wide gap in values of actual homes. Both in tax appraisal and true value. The smaller and thus cheaper homes are pretty close to market. As the square footage and lot size go up they are well under.
They said that, if they adjust the lot, the improvement value would just go up to offset. It made no sense.
When Kurten was there, he would pull that same crap. " Yeah, I can lower your house by $20,000. No problem. Oops, looks like we under valued your land by about $30,000."
Improvements stayed the same but the more than doubled the value of my land. Absolutely ridiculous because I would never be able to sell for what they're saying it's worth combined.
I've fought mine a couple times over the years including last year. I pulled my comps from listings on Realtor.com. Took pictures of all the bad aspects of my house and property which was built 30 years ago compared to my neighbors living in their new McMansions. Had plans, pictures and arguments all written out as everything has to be entered into the protest website before your review. Went before the review board and we agreed to have my value lowered to about what it was 5 years previous when I had purchased the home. Only thing I would have done different is at the end of the meeting, they asked what value I was looking for. I should have given a lower number at first as they immediately accepted my proposed number.