[Chat] Assessment notices...nothing like it for rousing New Year cheer

[Rob Carlson]

Our home in Parkville climbed from an actual sale price of $121k in  
2002 to appraised value of $198k today, or about 8.5% per year over  
six years.

 From its sale in 1992 at $102k to my purchase in 2002 the price of  
the home raised by only $18,150, or 1.6% per year over ten years.

I can't imagine that I would get that much on the open market today  
(if it were possible to sell at all -- some neighbors have been on  
the market for over 12 months now), but comparable properties that  
_have_ sold went for no less than $200k in the last 12 months, so  
it's hard for me to pull an example from recent local real estate  
transactions that proves the new valuation is poorly founded.

Is it reasonable to protest the increase on the basis that my house  
is not a better investment vehicle than my 401(k) in the dot com  
boom? This is housing bubble logic, pure and simple.

--
Rob Carlson  rob at vees.net  http://vees.net/



On Dec 31, 2007, at 9:27 PM, JASON GOUCHER wrote:

> Hi, Fellow Charles Village Homeowners!
> Anyone else feeling pummeled after receiving their recent  
> Assessment Notices?
> We received ours today and our new market value is MORE THAN  
> DOUBLED from the previous assessment notice three years ago.  Most  
> alarming to me is the land valuation MORE THAN TRIPLING from the  
> previous assessment.
> I don't know about anyone else's perception, but living on North  
> Calvert Street has not gotten any quieter, cleaner, or less  
> traveled over the past three years.  In fact, we are still reeling  
> and dealing with the aftermath of the recent sewer installation  
> that had us enjoying a very large and deep pit on the side of our  
> home for the first quarter of 07.
> Jason and I are obviously appealing this assessment, but were just  
> wondering what others were thinking or planning to do in response  
> to their most recent valuations/assessments?
>
> Despite this most recent affront from the City and State...really,  
> Happy New Year to everyone!  Cheers to the Village!
>
> Cathy Goucher
>
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