From: Mary Shafer 
Newsgroups: misc.consumers.house
Subject: Re: property taxes
Date: Sat, 19 Jul 2003 17:29:47 -0700

On Fri, 18 Jul 2003 16:02:07 GMT, v.viverrid@verizon.net (v) wrote:

> On Thu, 17 Jul 2003 09:50:56 -0500, someone wrote:
> 
> >this will obviously LOWER the assessed value............................
> >are we going to have an even TOUGHER time selling the property? (same price)
> >
> Only an idiot would use the assessed value to establish what the house
> is worth to them.  However, I suppose idiots are a market segment.
> You tell me, do buyers in your area use assessed value as a guide?

Our house is assessed for its selling price in 1972 (a little less
than $40,000), increased by 2% every year since.  A house with the
same floor plan, on the same street, sold for $247,500 last week.  Its
appraised value was about $280,000 plus the 2% per year for about
eight years, because the seller bought at the absolute top of the last
housing boom.  Asking price was $259,000.  Now it will have an
appraised value of $247, 500, until it goes up 2% next year.

Prop. 13, you know.

Mary

-- 
Mary Shafer   Retired aerospace research engineer
miliff@qnet.com
"A MiG at your six is better than no MiG at all." 
                       Anonymous US fighter pilot