Q: I bought a home in 2020. Had it professionally appraised at 65k.The county is taxing me on 106k without even seeing home
Now my homeowners ins. has gone up 183% based on the arbitrary (imo) valuation. I cannot afford it and will have to sell my home. I was told I cannot protest my property taxes because the home was a foreclosure. I am 63, single, and live on disability. Doesn't a professional appraisal carry any weight?
A: Yes, a recent unbiased professional appraisal carries considerable weight in a tax protest. In most instances, the appraisal review board will adopt the professional appraiser's valuation in such circumstances.
1 user found this answer helpful
A: And the fact that your home was a foreclosure does not in any way preclude you from challenging the tax appraisal.
1 user found this answer helpful
A: The fact that your home was a foreclosure does, however, mean that the price you paid for the home does not constitute the “fair market value” of the home because you purchased it at a forced sale. Typically, the price paid at a foreclosure sale is less than the fair market value.
1 user found this answer helpful
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
