LIGHTNING
Senior Member
How resent do the comps need to be to be valid?
12 months is the norm, but the newer the better
How resent do the comps need to be to be valid?
In today's market, yesterday would be a good starting point.
Are you buying or selling? By and large the fluffed appraisals put on housing in the last 3 years are a big part of the busted real estate bubble.
Lightning, If you know a real estate agent in your area I bet buying them a nice lunch would get you all the recent comps you need to support your property value.
We recently contested the assessed value of a home we own and we sent 6 comparables within the last few months. I havent seen the results but it will be hard to dispute because we kept the comps within 4 miles (rural area) and within 15% or less of finished above grade square footage.
Consistency in the comps is the most important thing as it leaves less subjectivity to the county appraiser. I have found ours to be very fair, I hope yours will be too!
Now jimbo you are making the appraisers look like the only bad guy here and we both know it is a whole lot broader than that. I had a long post wrote out but won't post here since this is the on topic forum.
I said part of and not all apprasiers were involved.
If this is a county tax re-apprasial and if you have access to Qpublic.com you can research recent sales yourself, if you know the lot and parcels or your neighbors names. IF you have access to the maps you can zoom in on your neighborhood and see what the other properties have been re-appraised. Just log on to Qpublic.com and see where it takes you. You should get a list of counties that is is a available for. It will have all the county tax info and recent sales info.
We just received our apprasials and It was shocking at the difference in values given to similar properties.
If you're having trouble loggin on to this site...it's qpublic.net
Are you contesting to keep your taxes from going up?