Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Stressed about being assessed
Stressed about being assessed November 3rd, 2010 by admin
Wednesday, 03 November 2010 07:24 Rochelle Le Cavalier Dear Pink Realtor, Last year, the assessed value of my house was almost double what houses on my street were selling for. My taxes went up, even though the market was way down. This year, my property taxes actually went down as prices are more stable, which was a welcome relief.  But this has me wondering, will we get another break in 2011? D`How do they come up with the “Assessed Value” anyway and how often do they update the figure?Sincerely,Stressed about being assessed
Dear Stressed,It has taken a while for the Broward County Property Appraiser (and every other property appraiser, by the way) to catch up the “assessed value” to current market conditions.Historically, the Florida Department of Revenue (DOR) held that foreclosures should not be used as comparable sales for assessment purposes. Until very recently, property appraisers would only qualify a foreclosure sale if the property was listed for sale on the Multiple Listing Service (MLS) open market listings and the property was in normal to good physical condition, which was rare.Tax Year 2009 was the first time in which DOR allowed foreclosure sales to ... more

__________________________________________________
Are you on The Rain? Grow Your Network!