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Do Home Appraisals Increase Baton Rouge Property Taxes?

By
Real Estate Appraiser with Accurate Valuations Group, LLC LA St Certified 851

 

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:

 

 

Will your property taxes increase when you get an appraisal ...

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.

 

Comments(4)

Richard L. Sanderson
Richard L. Sanderson Consulting - Kalama, WA
helping improve local property tax systems

Thanks Bill and Ryan:

Even the sale of the appraised property won't directly cause the assessment to change, UNLESS of course you are in a state like California where the sale does directly affect the assessment. In a majority of states in the U.S., local assessors pool together all of the arm's length transactions (call your local assessor to find there definition of this) in a neighborhood or study area and reassess all of the properties according to the median trends indicated by the market. Modern assessment offices use computer assisted mass appraisal methods to value real estate.  If you want to know more about how they do that call your local assessor. Assessor's have community outreach programs just for this reason. 

Apr 22, 2013 06:43 PM
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Real Estate Appraisers just work with the facts and sales numbers, the market drives the price of homes and thus the value.

Apr 22, 2013 08:13 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Seems to me that assessments for tax purposes are based on transfer prices, not appraisals.  There is no requirement that an appraisal be reported to the tax assessment office.  For actual transfers, there is a reporting requirement IF THE DEED IS RECORDED.

 

Apr 22, 2013 08:29 PM
Richard L. Sanderson
Richard L. Sanderson Consulting - Kalama, WA
helping improve local property tax systems

Lenn - You are correct. Assessment offices only see appraisals when property owners volunteer them, about 99% of them being part of the appeal process. And all states that I know of have a state law provision that requires the register of deeds (or equivalent) and the issuing agent for building permits to make sure the local assessor is notified of property transfers and building permit activities.

Apr 22, 2013 11:23 PM