Should I appeal for my TAX?

Profile picture for koolboyz2004
I bought this house for $175,000 in Nov.2010 and the house is assessed at $153,000 since Year 2002...
The average selling price for current market in the same neighborhood is $183,000.

My question is, " Should I appeal for the new assessment reduction for my house?". I am in Berks county,PA - Sinking Spring Borough.

The CLR for this house in 2002 was 90.4% and 2009 was 70.1% (2009 is the last CLR I was able to find on their website).
Based on this what will be my Home Assessment if we consider $183,000 average
selling price?

Please help me 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 17 2011 - Sinking Spring
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (1)

Most Tax Authorities will allow an appeal (an agree to lower the property value) based on the sales price. So my clients who have done this take their HUD1 settlement sheet to the appeal and the Tax Authority cannot really argue with that.

If you have paid more than the current assessment then you would have to get an appraisal in order to help you justify a lower value.

Hope that helps !
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 20 2011
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

E-mail successfully sent!Submission failed!

Related Questions
Profile picture for Brooke R. Rhodes
QuestionShould I appeal for my TAX?
  • Latest answer by Brooke R. Rhodes
  • June 20 2011
Related Articles
GuideUnderstanding Capital Gains in Real Estate
  • In Taxes
  • Edited February 29 2008
GuideReal Estate and Taxes
  • In Taxes
  • Edited September 20 2007
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy