Archive for property taxes
May
03
Should Foreclosures be Used as Basis for Assessed Value?
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I have seen this debated a lot recently. Obviously, foreclosures have a negative effect on property values……..and assessed values are supposed to be based on “market value.”
One approach developed in Milwaukee is getting attention. Its key guideline is that foreclosures will be factored into valuations if they represent more than 10 percent of transactions in a neighborhood. Assessors say the Milwaukee approach not only aids home buyers and sellers, it also ensure that tax assessments for other home owners are fair.
Michael Dodds, MAI, CCIM, MRICS
One approach developed in Milwaukee is getting attention. Its key guideline is that foreclosures will be factored into valuations if they represent more than 10 percent of transactions in a neighborhood. Assessors say the Milwaukee approach not only aids home buyers and sellers, it also ensure that tax assessments for other home owners are fair.
Michael Dodds, MAI, CCIM, MRICS
Mar
24
Man Sues Assessors Office, Others for Unfairly Assessing Real Estate
Posted by: | Comments- wvrecord.com
A man is suing the Jefferson County Commission, after he claims they unfairly assessed property he owns
A man is suing the Jefferson County Commission, after he claims they unfairly assessed property he owns
Angela Banks, a Jefferson County assessor, and Christopher G. Morris, a state tax commissioner, were also named in the suit.
Donald J. Orser is engaged in the consolidation of individual real estate lots to form viable “building sites” which can be approved by the Health Department for the installation of onsite well and septic systems and claims he must consolidate two, three, four or more lots which are contiguous to obtain approval by the Health Department for a single building site, according to a complaint filed March 1 in Jefferson Circuit Court.
ARTICLE SHORTENED DUE TO LENGTH….
LINK TO ARTICLE HERE:
