2007 Home Appraisal
March 9th, 2007 by Grant in: Real Estate, TaxesYesterday I received the yearly home valuation from the county. Basically, they come up with an “appraisal” of your homes value as a tax basis for property taxes.
Home valuations from my county very closely match the actual market value of the homes, which is nice, until you have to pay your property taxes, at which point the value of your house is too high. (The only time you want the value of your house to go up is when you want to sell. Kind of cynical, isn’t it?)
This years valuation came in at $207,000 which is an increase of about 4.1% over last year, but down by about 0.15% compared to the increase the prior year.
Considering the sob stories I’ve been hearing from both the east and west coast, I’ll take it.
Nothing like a moderate, yet consistent appreciation in value every year.
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