Good news from the Board of Review

By
Real Estate Agent with Home Buyer's Agent of Ann Arbor

My taxes are HOW MUCH?!?!

If you are like me, you were maybe a little shocked when you received your 2009 Notice of Assessment.

The assessed value of my Milford home has been reduced for the third year in a row and really the only good thing about that is I will be paying less in property taxes this year—actually, A LOT less....

The tentative 2008 assessed value of my home was ~ 2.8% less than the 2007 assessed value.  By appealing to the Board of Review last year, I was able to get both the assessed and taxable value lowered an additional ~ 6%.

Because there were more sales of homes similar to mine in 2008 than there were in 2007, I had much better comps to use in my appeal this year.  The tentative 2009 assessed value was ~4% less than 2008 but through my appeal, I was able to get an additional reduction in assessed value and taxable value of around 11.5%!!!  Those two successful appeals will save me almost $800.00 in property taxes this year.

While I still feel my home is worth about 15% less than the assessor thinks it is, I’m pleased with the results of my appeals.  Every little bit helps these days.

Woohoo! I won!

 

Laura Degiovanni

The Home Buyer's Agent of Ann Arbor

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