1. Yes, it's a whole new look! Have questions or need help? Please post your question in the New Forum Questions thread Click the X to the right to dismiss this notice
    Dismiss Notice
  2. Seeing tons of unread posts after the upgrade? See this thread for help. Click the X to the right to dismiss this notice
    Dismiss Notice

Real Estate Assessments for 2006

Discussion in 'General Chat Forum' started by Koyak, Jan 26, 2006.

  1. Lee

    Lee Permanent Vacation

    Joined:
    Aug 6, 2005
    Messages:
    3,071
    Likes Received:
    2
    Only appeal if you think your house is less, you have no case by comparing it to previous years. You must be able to show comps to make your case. Also appealing can backfire if they think your home is worth even more at the end of the appeal. Must go in armed with current facts.

    Loudoun needs money desperately so it will be an uphill battle and Loudoun will need large sums of money for many years to come. More sprawl developments is only going to make things worse. Just wait to all that development kicks in off evergreen.

    What we need are high value developments concentrated on smaller pieces of property such as moorefield, loudoun station, etc. these developments bring in big tax dollars with fewer kids, more high dollar commercial to tax, which are not these strip centers. More western development is only suicide for Loudoun right now. How in the world will that development even begin to pay for long streches of roads and even more schools. Mass development of subdivisions got us into this mess to begin with. We need high dollar commercial mixed in with residential in the existing open land in eastern loudoun to offset more sprawl in western loudoun.

    These tax assessments should be a wakeup call to all that live here or many are going to be priced out of their existing homes.

    Lee
     
  2. boomertsfx

    boomertsfx Booyakasha!

    Joined:
    Feb 14, 2002
    Messages:
    2,260
    Likes Received:
    34
    It looks like the 2006 assessments are up on the LC web site, but you have to fudge the URL to get them... put in 2007 instead of the current 2006 link before you click on a tax map id
     
  3. jmbranch

    jmbranch New Member

    Joined:
    Jul 26, 2003
    Messages:
    128
    Likes Received:
    2
    What URL are you using? I only see a dropdown for the years and you can't edit it. 2005 is the latest year available.
     
  4. boomertsfx

    boomertsfx Booyakasha!

    Joined:
    Feb 14, 2002
    Messages:
    2,260
    Likes Received:
    34
    right, you need do a normal search by address and then you'll see the results come up.... right click and copy the url for whatever property you're looking for and paste it into the address bar and change 2006 to 2007 and voila, you'll have the 2006 assessment for that address.
     
  5. Dutchml

    Dutchml Member

    Joined:
    Nov 4, 2002
    Messages:
    715
    Likes Received:
    15
  6. brim

    brim Member

    Joined:
    Nov 18, 2003
    Messages:
    1,339
    Likes Received:
    11
    Read the instructions again. The year isn't in the main URL, it's in the search results URL.
     
  7. jim

    jim New Member

    Joined:
    Oct 15, 2004
    Messages:
    248
    Likes Received:
    2
    Great tip. Thanks.

    I had been looking at my assessment and those of comparable homes and wondered how to find the comps' 2006 assessments.

    I see comparable homes that are on the market now at asking prices that are below where their 2006 assessments are. I suspect that the assessor's office will claim that a house's asking price now is not indicative of its value as of January 1. They may even claim that an asking price is not indicative of the market until the sale is final (I would counter that in a down market the asking price is probably higher than the final). Maybe I can ask a realtor what the MLS data shows for asking prices on January 1. Know any other good sources?

    -Jim
     
  8. L0stS0ul

    L0stS0ul hmmmm

    Joined:
    Nov 3, 2003
    Messages:
    1,443
    Likes Received:
    72
    I just checked ours against the houses next to ours and to my astonishment our house is listed as more than either of the two around us. Ours was the less expensive model when we bought and even our closing prices were drastically different (ours being lower). Now how ours can be valued by the county as higher than theirs I do not know but I know its still well below what we could sell for so I'm not going to cause a stink about it.
     
  9. boomertsfx

    boomertsfx Booyakasha!

    Joined:
    Feb 14, 2002
    Messages:
    2,260
    Likes Received:
    34
    yeah it's crazy how they figure it. Now I'm wondering if I appealed and got the asessment lowered, would it affect the house value when I sell it? Ie, comparable model to mine in my neigbborhood sells for 450k and is assessed for 400k, if mine is assessed for 380k, will they say mine is worth ~430k on the market?
     
  10. neilz

    neilz New Member

    Joined:
    Dec 7, 2003
    Messages:
    2,547
    Likes Received:
    0
    Alot will depend on what the mortgage company's assessor has to say about it. They may take the county's assesment into consideration, but more often they use comparable houses in the area to give a price.
     
  11. WesGurney

    WesGurney New Member

    Joined:
    Mar 27, 2002
    Messages:
    312
    Likes Received:
    0
    Check out http://www.zillow.com

    Not sure how accurate it is, but can give you a rough approximation of values of homes in your area.
     
  12. Lee

    Lee Permanent Vacation

    Joined:
    Aug 6, 2005
    Messages:
    3,071
    Likes Received:
    2
    A home is worth only what someone will pay for it. Value is ultimately determined by the buyer. In a runaway up market almost everything sells such as we have. This down market as we have now homes do sell, but buyers are more selective. The same home may not be worth the same price as the builder sold them for.

    Now the the condition and the decorating will have a huge effect on buyers. Model homes are designed for the majority and are designed safe. Homeowners either can't afford to get to that level of design or their taste can be way off what the general market wants.

    Builders sell the dream to people but for must people that is all they get, the dream only becomes reality when a buyer buys less home then they can afford and can spend to decorate it. When a buyer walks through your home how you decorate will have a major impact on a buyer as well as light etc. Most people don't take that in account when they buy and their home, it never comes close to the dream of the model.

    Assessments also don't take that into account and that is the decorating which can make or break a sale and the price you get especially in a down market. Also as the market approches a million dollars there are a lot less real buyers many buyers are fooled by what they really can get for their own homes. Bottom line what the builder sells as the same home is not the same reality in the resale market. Appraisals etc are becoming less important in what a home will sell for in this new market, a home is only worth what someone will pay for it.

    Lee J Buividas
     
  13. Lee

    Lee Permanent Vacation

    Joined:
    Aug 6, 2005
    Messages:
    3,071
    Likes Received:
    2
    zillow can be very inaccurate and there was an article about that in one of the papers lately. Me and some builder friends had some fun with it the other day and found it to be wrong in our opinion at least 50% of the time. The reality of today is homes like it or not are going down in price from the fantasy prices of the last several years. Just look at the builder ads and see the published giveaways and believe me they are giving more then that away in private to the people that are really clever and know how to buy a home.

    Lee
     
  14. ExRIGuy

    ExRIGuy New Member

    Joined:
    Feb 16, 2006
    Messages:
    291
    Likes Received:
    0
    For the several homes I have looked up on Zillow I have yet to see it be off by more than 5%, and in most cases it was right on. I suspect it works best in an area like this with homes that are uniform and newer rather than in a place like the Northeast where houses can be much older, the localities know less about them, and renovations are the rule. Of course it isn't perfect, but the fact that it is purely objective is very helpful, and a buyer can make subjective adjustments for condition, location, whatever preferences et al on his own...

     
  15. Dutchml

    Dutchml Member

    Joined:
    Nov 4, 2002
    Messages:
    715
    Likes Received:
    15
    They've got the 2006 assessments up on their website now.
     
  16. DAD4

    DAD4 New Member

    Joined:
    Jun 17, 2003
    Messages:
    267
    Likes Received:
    0
  17. volvo_nut

    volvo_nut New Member

    Joined:
    Aug 19, 2003
    Messages:
    364
    Likes Received:
    1
    Got our assessment this week: up 20% ( $95K ) :(, it could have been worse.
     
  18. BTrost

    BTrost New Member

    Joined:
    Jan 13, 2004
    Messages:
    37
    Likes Received:
    0
    That Leesburg Today article confirms what I had originally thought - I live in Carisbrooke across the Greenway, and the new assessor has decided the old one severely undervalued our properties - when I checked my neighborhood, I found that the increases range from 180k to 290k increases for this year. Make Broadlands increases look quite reasonable. :p
     
  19. DAD4

    DAD4 New Member

    Joined:
    Jun 17, 2003
    Messages:
    267
    Likes Received:
    0

Share This Page