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Recent property reappraisal

Posted: June 14, 2011 10:42 a.m.
Updated: June 15, 2011 5:00 a.m.

I recently received my updated property appraisal notice and was quite surprised. I was surprised with the reassessment because the value is higher than previous years. And although we've maintained the property in good shape we have not made any expansions or improvements. This property was acquired in 2005 and, based on my limited understanding of appraisals and reappraisals and the associated state laws, my belief would be that it was based on the so-called and recently controversial "point of sale" appraisal. The increased value is even more surprising since this property was acquired at or near the peak ...


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