Showing posts with label Revaluation. Show all posts
Showing posts with label Revaluation. Show all posts

Wednesday, June 13, 2012

Guilford County Real Estate Revaluations: What are the chances, and why did we get a tax decrease after a projected big shortfall until revals?

What are the chances of 420 Guilford County homes worth more than $1,000,000
rising an average of $42,541 each
between 2004 and 2012?

What are the chances of 420 Guilford County homes worth more than $1,000,000
rising about 35 times as much as an average Guilford County home
between 2004 and 2012?

What are the chances of the values of 420 Guilford County homes
worth more than $1,000,000
rising by a total of $17,867,405 between 2004 and 2012?

graph
http://www.uncg.edu/bae/cber/tbi/apr12/index.htm

Wednesday, May 2, 2012

Where is Guilford County? "Meck commissioners to review 2011 revaluation"

"Mecklenburg commissioners
...said they want an independent review of the 2011 property revaluation,
saying it could help bring answers to lingering concerns about the appraisal.

...The board also asked for estimates on the price for a new revaluation in 2014 or 2015,
though commissioners stopped short of ordering an appraisal by a specific date.

...The vote comes after months of growing criticism about the accuracy of last year’s revaluation,
the county’s first since 2003.

Residents had questioned, among other things, how the county set land values
and how it factored in the effect of foreclosures and still-falling home sales.

...The type of independent review the commissioners approved
...is believed to be unprecedented in the state.

[County Manager] Jones said there has been no statistical evidence
to show the revaluation was not conducted in accordance with state law or other guidelines.

...“Why are there so many people so upset about their revaluation
if there isn’t something wrong?” Pendergraph said.

“There’s just too much smoke not to have some fire somewhere.”

...Before commissioners began their debate, they heard from 17 speakers
– nearly all in favor of an outside review of the revaluation.

They spoke before a packed chamber,
with some in the audience carrying signs that said “Fix It.”

WCNC

Independent firm expected to review Mecklenburg revaluation process

"The Mecklenburg County Board of Commissioners voted 6 to 3
to have an independent firm review the 2011 property revaluation process.

Homeowners packed the Mecklenburg County government center Tuesday night.

...The independent firm will review the process,
to make sure no laws were broken in the 2011 revaluation.

Two weeks ago commissioners told residents
that the power lies with the state legislature and the tax assessor's office.

...Homeowners have argued for months that they paid too much
for faulty property evaluations by the Mecklenburg County Tax Assessor's Office.

...A county spokesman says there are still thousands of appeals outstanding."


Commissioners Want Outside Auditor For Revaluation

"The staff is saying it's all OK, but it's not OK,"
said former Cornelius Town Commissioner Jim Bensman.

He and a group of residents say they have documented how the county tax assessor's office
violated several state statutes in its latest revaluation.

..."They've refused to provide information to the homeowners who need in order to appeal."

Property owners complain about having to appeal the 2011 revaluations
that they say were appraised either too high...

..."Until you understand what the issues are," said Bensman,

"you can't begin to fix them."

FOX

Commissioners Call For Revaluation Audit

Commissioner Karen Bentley is one of the commissioners calling for the audit.

She’s been flooded with complaints from upset homeowners.

They say not only that their property was valued too high,
but that the appeals process was also flawed.

...Emily Zuyus, a Myers Park homeowner,
argues that the county’s false information kept property owners from appealing.

“And I feel confident that an audit will show that the process just didn’t work,” she says.

...She believes her property is overvalued, especially the lot her house is on.

It jumped from $936,800 to almost $1.2 million,
increasing her property taxes by close to $3,000.

...The proposal sets aside $50,000 for the audit
and also calls for another mass appraisal in 2014.


“No change,” said Cornelius resident Paul McMellon...

That’s a phrase he didn't want to see
after he appealed a revaluation on two pieces of property.

“No change in value.

That's the lot right here,” he said.

“It went from $20,000 to $47,500.”

He said it was a similar story for his other property on Main Street.

"I don't know if abuse is the right word,
but there are clearly some things that are almost impossible to explain,"...

WSOTV

"...a lot of concerns are clumped in Cornelius,
where some waterfront land has skyrocketed.

...Cornelius Mayor Jeff Tarte...says the current process
is not establishing true market value for homeowners.

Another problem, he says, is this:
"It's a little bit backwards that the burden of proof is on the property owner
to prove that the value isn't set correctly by the tax assessor's office.

So they end up then hiring professionals or certified appraisers to value their property,
and then depending on technicalities,
often times that information is not being accepted by the tax assessor's office."

...property owners feel like they're in the dark.

"If their appeal was rejected,
county officials must give a detailed explanation," Tarte says.

"I don't know one person who's had that information shared.

They're just told no, sorry."

Sunday, April 15, 2012

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

Wednesday, March 14, 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

Sunday, March 11, 2012

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?


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.

NEWSBUSTED at NEWSBUSTERS.ORG 2-18-2015