Profile picture for zillahdwilliams

comparable sales

I need to find 2006 comparables in Providence for a tax hearing. MLS is gone and the tax assessors office does not keep any books. Only assessor office I know that does that but I need help.

Please advise where I can go to find this information.

THanks
  • January 06 2010 - Providence
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Answers (1)

Profile picture for sunnyview
You can try to use Zillow for comps as a start, but they will not win your tax appeal completely. Successful appeals happen when the purchase price or appraised value is lower than the assessed value. You must prove that the taxes are based on a value that is too high to win the appeal. You can use the comp list from your area and select houses like yours that sold to try to make a case for the value of your house. Zillow has a video here to help you find comps on the site. They also have an article here on picking the best comps for your house.

You can also use the Zindex for your area to look at the % of change in values in your zip code. Assessor's will not consider Zestimate values on your house or other as they are not appraisals, but only an opinion. What they will use is sold comparable houses to yours and the % change in your zip code market. If you are doing a tax appeal, that is the best information you can come to the table with on a tax appeal short of paying for an appraisal. If you build your case, you can win, but come prepared. One number like the change in your Zestimate will not make the case to win your appeal. You might also consider asking a local agent for a CMA (comparative market analysis) on your house. Some will do it for free if you have worked with them before, others may charge a small fee for their professional time. The more solid information you have the more likely you are to win your appeal. If you are seeking a big change in your taxes, hiring an appraiser might be money well spent since you will see the savings every year on your taxes. Hope the links and info help.
  • January 08 2010
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