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<DIV><FONT face=Arial size=2>Good morning....thanks, gentlemen, for your opening
discussion comments. I remain unclear, however, as to how land value alone
could have climbed from 30 to 40 K three years ago to 140 K in this latest
assessment. Again, Calvert St offers no beautiful water view, quiet
cul-de-sac, bucolic vistas, etc...... </FONT></DIV>
<DIV><FONT face=Arial size=2>I did appeal an assessment two cycles ago and
won. At the time, in referencing the property worksheet I was sent, I
found errors with regard to the number of bathrooms and kitchens assigned to the
home, as well as made the case then for the noise and pollution factors
impacting my home due to location. </FONT></DIV>
<DIV><FONT face=Arial size=2>Despite the property values having risen in recent
years in CV (and, yes, I would imagine the rising assessments as having the
potential to negatively impact future home sales in the area), I continue to
feel unshaken in my resolve to appeal...</FONT></DIV>
<DIV><FONT face=Arial size=2>Cathy</FONT></DIV>
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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=WeinsteinM@aol.com
href="mailto:WeinsteinM@aol.com">WeinsteinM@aol.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=Chat@charlesvillage.info
href="mailto:Chat@charlesvillage.info">Chat@charlesvillage.info</A> ; <A
title=discussion@charlesvillage.info
href="mailto:discussion@charlesvillage.info">discussion@charlesvillage.info</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, January 01, 2008 1:01
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [Chat] Assessment
notices...nothing like it for rousing New Year cheer</DIV>
<DIV><FONT face=Arial size=2></FONT><FONT face=Arial size=2></FONT><FONT
face=Arial size=2></FONT><FONT face=Arial size=2></FONT><BR></DIV><FONT
face=arial,helvetica><FONT face=Geneva color=#000000 size=2
FAMILY="SANSSERIF">According to <A
href="http://www.dat.state.md.us">www.dat.state.md.us</A>, 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>
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cite="" TYPE="CITE"></FONT><FONT face=Helvetica color=#000000 size=3
FAMILY="SANSSERIF">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 face=Geneva color=#000000 size=2
FAMILY="SANSSERIF"><BR><BR></FONT><FONT face=Helvetica color=#000000 size=3
FAMILY="SANSSERIF">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 face=Geneva color=#000000 size=2
FAMILY="SANSSERIF"><BR><BR></FONT><FONT face=Helvetica color=#000000 size=3
FAMILY="SANSSERIF">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 face=Geneva color=#000000
size=2 FAMILY="SANSSERIF"><BR><BR></FONT><FONT face=Helvetica color=#000000
size=3 FAMILY="SANSSERIF">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
face=Geneva color=#000000 size=2 FAMILY="SANSSERIF"><BR><BR>--<BR>Rob
Carlson </FONT><FONT face=Geneva color=#0000ff size=2
FAMILY="SANSSERIF"><A href="mailto:rob@vees.net">
rob@vees.net</A></FONT><FONT face=Geneva color=#000000 size=2
FAMILY="SANSSERIF"> </FONT><FONT face=Geneva color=#0000ff size=2
FAMILY="SANSSERIF"><A href="http://vees.net">
http://vees.net</A></FONT><FONT face=Geneva color=#000000 size=2
FAMILY="SANSSERIF">/<BR><BR><BR><BR>On Dec 31, 2007, at 9:27 PM, JASON
GOUCHER wrote:<BR><BR><BR></FONT><FONT face=Arial color=#000000 size=2
FAMILY="SANSSERIF">Hi, Fellow Charles Village Homeowners!</FONT><FONT
face=Geneva color=#000000 size=2 FAMILY="SANSSERIF"><BR></FONT><FONT
face=Arial color=#000000 size=2 FAMILY="SANSSERIF">Anyone else
feeling pummeled after receiving their recent Assessment
Notices? </FONT><FONT face=Geneva color=#000000 size=2
FAMILY="SANSSERIF"><BR></FONT><FONT face=Arial color=#000000 size=2
FAMILY="SANSSERIF">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 face=Geneva color=#000000 size=2
FAMILY="SANSSERIF"><BR></FONT><FONT face=Arial color=#000000 size=2
FAMILY="SANSSERIF">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 face=Geneva color=#000000 size=2
FAMILY="SANSSERIF"><BR></FONT><FONT face=Arial color=#000000 size=2
FAMILY="SANSSERIF">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 face=Geneva
color=#000000 size=2 FAMILY="SANSSERIF"><BR></FONT><FONT face=Arial
color=#000000 size=2 FAMILY="SANSSERIF"> </FONT><FONT face=Geneva
color=#000000 size=2 FAMILY="SANSSERIF"><BR></FONT><FONT face=Arial
color=#000000 size=2 FAMILY="SANSSERIF">Despite this most recent affront
from the City and State...really, Happy New Year to everyone! Cheers
to the Village!</FONT><FONT face=Geneva color=#000000 size=2
FAMILY="SANSSERIF"><BR> <BR></FONT><FONT face=Arial color=#000000
size=2 FAMILY="SANSSERIF">Cathy Goucher</FONT><FONT face=Geneva
color=#000000 size=2
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