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In what is rapidly becoming an annual rite of passage, I just appealed our property tax assessment. For those that aren’t aware, I did this a year ago in response to an unreasonable jump in the “value” of our house following a renovation, and we got a quick reduction in our assessment.
This time around, the slow real estate market resulted in a year-over-year decrease of about 4%. While any little bit helps when it comes to property taxes, this decrease was considerably less than for other homes on our street. Curious as to why that was, I decided to look closer.
In reviewing the change, I think I might have discovered the culprit… The county seems to think that our house is significantly larger than it really is. Even after accounting for the addition (completed in late 2007), the supposed square footage of our house somehow increased by another 400 sq. ft. during the past year.
Last night, I drafted a letter to the County Board of Tax Assessors outlining our case. Assuming that things proceed like they did last year, we should have a response within about a week. If we’re not happy at that point, we have the option of appearing before the Board of Equalization. Hopefully it won’t come to that.
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