A few notable Guilford County property revaluation assessments

Mike Winstead

Old - $168,500
New - $134,800

About 20% less

Yvonne Johnson

Old - $127,300

New - $119,700

About 6% less

George Hartzman recieved Guilofd County Real Estate Revaluation Data on Friday Afternoon, April 6, 2012: Last Day for appeals is Monday, April 9, 2012

Less than $100,000

Count - 47,549

Share of Homes - 34.8%

Average Property Value Change -6.5% or -$4,581
.
.
.
Between $100,000-$199,999

Count - 56,637

Share of Homes - 41.5%

Average Property Value Change + 1.3% or $1,866
.
.
.
$200,000+

Count - 32,422

Share of Homes - 23.7%

Average Property Value Change +2.6% or $8,443

This doesn't seem to make much sense.

The highest priced homes took the biggest hit after 2007,

yet they went up in value more than homes worth less than $100,000?

Were forclosures taken into account for the bottom

but not the top?

If anyone would like to play with the data,

let us know.

This outcome seems to contradict what many thought occured

after 2007.

I have spoken to more than several

about how the assessed value Guilford County came up with,

is not close to what some homes could be sold for.

Guilford County said:

"In regards to your requests for 1) data broken down by neighborhoods

and 2) properties not included in the revaluation

that were not between an willing and financially able buyer and willing seller,

the county does not currently have use for the referenced data

structured in the requested fashion

and your request would necessitate extensive programming and/or cost to the county

in order to retrieve the information.

As a result, the County is not able to provide these records at this time."

Guilford County Attorney's Office

"Page 3 of the Guilford County “Schedule of Values,”

which covers data behind this year’s real-estate tax revaluation,

cites a statute that says market value is defined as

“the price estimated in terms of money at which the property would sell

between a willing and financially able buyer and a willing seller,

neither being under any compulsion to buy or to sell.”

But on page 7, under “Distressed and Forced Sales,” it says,

“Both foreclosure and short sales have been largely responsible

for a 20 percent decline in the average selling price of existing homes

over the last three years.”

And “staff appraisers will consider all sales that have occurred

in each appraisal neighborhood over the last several years

but a greater weight will be given to comparable sales

that have happened without duress.”

If computer model-based “mass appraisals” were the main tool,

how did the county know which sales were distressed or forced?

If these two sets of measures contradict each other,

how can anyone know what actually happened to whom in the revaluation

if Guilford County won't release the data?

George Hartzman

Unanswered Guilford County Information Request on Real Estate Revaluation Assessments: Sent March 12, 2012

Guilford County Information Request on Real Estate Revaluation Assessments

Please provide data for all Guilford County revaluation assessements
including before and after values of all properties in a comma delimited format
with before and after values seperated, which can be measured in different ways.

Please include a "neighborhood-by-neighborhood" data set.

Please also include a separate data set
of properties not included in the revaluation
that were not "between a willing and financially able buyer and a willing seller,
neither being under any compulsion to buy or to sell"
due to distressed sales, short sales, foreclosure or other reason.

George Hartzman

George Hartzman Linkfest of Real Estate Revaluation info to be covered Tuesday, March 13, from at 6pm to 8pm, at the Old Guilford County Courthouse, at 301 West Market Street, in the Blue Room

George Hartzman on Guilford County
and Greensboro Property Revaluation and Real Estate Assessments

A few notable Guilford County property revaluation assessments

We recieved our 2012 Revaluation Assessed Value Today

City of Greensboro and Guilford County Information Request
on Real Estate Revaluation Assessments

Search Directions to Compare Greensboro and Guilford County
Real Estate Revaluation Assessment Outcomes

Updated with Search Directions: A Comparison of Four Greensboro and Guilford County Real Estate Revaluation Assessment Outcomes: Guess Who?

People can foresee the future

only when it coincides with their own wishes,

and the most grossly obvious facts

can be ignored when they are unwelcome.

George Orwell

Old Value: $198,400

New Value: $192,000 - About 3% less?

Liberty cannot be preserved

without a general knowledge among the people.

John Adams

Old Value: $269,300

New Value: $226,400 - 15% less?

People are usually more convinced by reasons they discovered themselves

than by those found by others.

Blaise Pascal

Old Value: $6,258,500

New Value: $4,090,500 - About 35% off?

About Six $190,000 houses?

All animals are equal,

but some animals are more equal than others.

George Orwell

Old Value: $6,637,600

New Value: $5,704,800 - Down about 14%?

The great majority of mankind are satisfied with appearance

as though they were realities,

and are often more influenced by the things that seem than those that are.

Niccolo Machiavelli

If most commercial real estate

depreciated more than most residential real estate,

who will make up the difference?

If some higher valued residential real estate

lost more than some lower priced real estate,

who gets to make up the difference?

Guilford County GIS Data Viewer

Click on Parcel Search in the upper right hand side of the page linked above.

Enter number and street, without "drive" or "court" after
and then click search.

Click on Tax Appraisal Information on the right hand side
and a new window will come up.

The new tax value is in the bottom right corner.

Click on Tax bill in the upper right area,
which should open a new window.

Clicking on the top link with lots of numbers under the headings on the left
should bring up another window with the old value in the middle on the left.

Divide.

Subtract.

Compare.

We recieved our 2012 Revaluation Assessed Value Today.

http://www.uncg.edu/bae/cber/tbi/dec11/


December 2011 Real Estate Foreclosures:  234

Unemployment Rate (%): 10.1