Do Home Appraisals Increase Baton Rouge Property Taxes?
Generally the answer is NO for refinance, estate and divorce appraisals. However, for purchases, it could raise property taxes or increase property taxes for the new buyer as local Tax Assessor do monitor these transactions, can increase the home's assessed value to the new purchase price and therefore increase property taxes.
My Appraiser Peer and Friend in Sacramento CA, Ryan Lundquist, has also written about this topic below:
http://sacramentoappraisalblog.comWed, 27 Mar 2013 22:59:48 GMT
Ryan says, Two events trigger a property reassessment: new construction and change of ownership.
"Sometimes property owners ask me during an appraisal inspection if their property taxes are going to go up because of the appraisal. That's a great question. No Sharing: Just so you know, there is not any county database where the appraiser sends an appraisal report when your house is being appraised. The appraisal report should not be delivered to anyone by the appraiser other than the lender during a loan appraisal or the private client during a private appraisal. Unless the county is somehow an intended user of the appraisal report, they’ll never see a copy (they won’t be an intended user unless they’re involved in the transaction somehow)."
A resource for locals in Greater Baton Rouge to help understand the real estate appraisal process and where it fits into their home valuation. Videos are by veteran Home Appraiser Bill Cobb and Accurate Valuations Group.