<HTML><FONT FACE=arial,helvetica><HTML><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2">According to www.dat.state.md.us, here are all the sales on Abell Avenue (where I live) in 2007:<BR>
Date Address Price<BR>
10/17/07 3042 ABELL AVE 0<BR>
10/10/07 3019 ABELL AVE 275,000<BR>
9/25/07 3107 ABELL AVE 280,000<BR>
8/20/07 3245 ABELL AVE 275,000<BR>
8/17/07 3028 ABELL AVE 264,000<BR>
8/16/07 3309 ABELL AVE 283,000<BR>
8/16/07 3307 ABELL AVE 174,900<BR>
7/25/07 3307 ABELL AVE 140,000<BR>
7/23/07 3236 ABELL AVE 268,000<BR>
6/14/07 3136 ABELL AVE 235,000<BR>
6/12/07 3043 ABELL AVE 281,000<BR>
5/8/07 3202 ABELL AVE 0<BR>
4/9/07 3205 ABELL AVE 280,000<BR>
1/4/07 3006 ABELL AVE 0<BR>
<BR>
Presumably the zeros are refinances. So there were 11 sales, of which eight were above $260,000<BR>
<BR>
My reassessment takes me from $89,720 to $246,080. On the one hand, this is incredible. On the other hand, this is apparently probably less than my house is worth. So it doesn't seem likely that I could successfully appeal the new assesssment. <BR>
<BR>
One thing that will be interesting to see is whether the new higher assessments will have a negative effect on sales prices, since new owners pay the full valuation with no 4%-per-year cap. <BR>
<BR>
Happy 2008...<BR>
<BR>
-Matthew<BR>
<BR>
In a message dated 12/31/07 11:12:06 PM, rob@vees.net writes:<BR>
<BR>
<BR>
<BLOCKQUOTE CITE STYLE="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px" TYPE="CITE"></FONT><FONT COLOR="#000000" FACE="Helvetica" FAMILY="SANSSERIF" SIZE="3">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.</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
<BR>
</FONT><FONT COLOR="#000000" FACE="Helvetica" FAMILY="SANSSERIF" SIZE="3">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.</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
<BR>
</FONT><FONT COLOR="#000000" FACE="Helvetica" FAMILY="SANSSERIF" SIZE="3">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.</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
<BR>
</FONT><FONT COLOR="#000000" FACE="Helvetica" FAMILY="SANSSERIF" SIZE="3">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.</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
<BR>
--<BR>
Rob Carlson </FONT><FONT COLOR="#0000FF" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><A HREF="mailto:rob@vees.net"> rob@vees.net</A></FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"> </FONT><FONT COLOR="#0000FF" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><A HREF="http://vees.net"> http://vees.net</A></FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2">/<BR>
<BR>
<BR>
<BR>
On Dec 31, 2007, at 9:27 PM, JASON GOUCHER wrote:<BR>
<BR>
<BR>
</FONT><FONT COLOR="#000000" FACE="Arial" FAMILY="SANSSERIF" SIZE="2">Hi, Fellow Charles Village Homeowners!</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
</FONT><FONT COLOR="#000000" FACE="Arial" FAMILY="SANSSERIF" SIZE="2"> Anyone else feeling pummeled after receiving their recent Assessment Notices? </FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
</FONT><FONT COLOR="#000000" FACE="Arial" FAMILY="SANSSERIF" SIZE="2"> 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. </FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
</FONT><FONT COLOR="#000000" FACE="Arial" FAMILY="SANSSERIF" SIZE="2"> 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. </FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
</FONT><FONT COLOR="#000000" FACE="Arial" FAMILY="SANSSERIF" SIZE="2"> 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?</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
</FONT><FONT COLOR="#000000" FACE="Arial" FAMILY="SANSSERIF" SIZE="2"> </FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
</FONT><FONT COLOR="#000000" FACE="Arial" FAMILY="SANSSERIF" SIZE="2"> Despite this most recent affront from the City and State...really, Happy New Year to everyone! Cheers to the Village!</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
<BR>
</FONT><FONT COLOR="#000000" FACE="Arial" FAMILY="SANSSERIF" SIZE="2"> Cathy Goucher</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
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