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Weekend Pundit · 11-23-2006, 11:49 AM

Our property was revalued back in April and we saw our property value jump 20% in one year! We bought the place in April 2005 for close to the assessed value at the time (only $7K difference).

I went to the assessor's office and had them pull the card for our property. Immediately I saw a number of errors, including the fact that they had overestimated the amount of living space in the house by 300 sq ft, said one of our decks was three times its actual size, and had the wrong type of heating system. That dropped our assessment a little, but we're still overvalued.

I've been checking the sales of all of homes in our town since the beginning of the year and have found quite a few sales prices are well below the assessed value. Some were sold with as little as 17% difference and one was sold at 31% below its assessed value. When looking at the 2005 assessed values I saw that the 2006 sales prices were more in line with those than with the 2006 assessments.

You know it's bad when even some of the selectmen in our town are saying there's something wrong with the assessments.

11-23-2006, 11:49 AM	#17
Weekend Pundit Senior Member Join Date: Mar 2006 Location: Gilford Posts: 347 Thanks: 26 Thanked 69 Times in 42 Posts	Recent revaluation Our property was revalued back in April and we saw our property value jump 20% in one year! We bought the place in April 2005 for close to the assessed value at the time (only $7K difference). I went to the assessor's office and had them pull the card for our property. Immediately I saw a number of errors, including the fact that they had overestimated the amount of living space in the house by 300 sq ft, said one of our decks was three times its actual size, and had the wrong type of heating system. That dropped our assessment a little, but we're still overvalued. I've been checking the sales of all of homes in our town since the beginning of the year and have found quite a few sales prices are well below the assessed value. Some were sold with as little as 17% difference and one was sold at 31% below its assessed value. When looking at the 2005 assessed values I saw that the 2006 sales prices were more in line with those than with the 2006 assessments. You know it's bad when even some of the selectmen in our town are saying there's something wrong with the assessments.