3. Tax Equalization Bd convenes - Laserfiche WebLink

II�,�.r►e NN T 3 � i S+s bast fall, my entire neighborhood was being reassessed for property values. I recently received my revised house assessment from the city. My city assessment was done in the fall of 2013. Approximately, four months later, I also had a professional appraisal done. Since the city assessment was so much larger than the professional one, I contacted the city and spoke with Janelle. She told me to send in my professional appraisal so that it could be determined where the estimates differed. The professional assessment was $302,000 and the city assessment was $323,000. About a week later I received a letter from Janelle that only seemed to list more "comparable" sales than what the professional appraiser used --and that based solely on the square footage selling price -- it appeared my house was properly assessed. There really was no explanation on why the two assessments were not more comparable except for including more home sales and homes not even close to my neighborhood. I find this very "strange" as I specially asked the person from the city who came out to assess my house if there was a formula based on square footage and then amenities or lack of amenities such as granite countertops, hardwood floors would increase/decrease the value. I was told that this was not how the city assessed and it was based upon the house. ( which nobody seems to tell me what that is) Based upon that letter, it appears my house was assessed by taking the square footage times the average selling price per square foot . But this does not include/exclude certain house specific items. The professional appraisal would have taken this items into consideration. After looking more closely at the letter from Janelle( it is attached) -- I looked up each property and found the city assessment for each. I added a column to the right of the selling price of each property with the city assessment of each property. In many cases, the city assessment is LESS than the what the house sold for. This leads to my confusion. My house, which was NOT for sale, is assessed at a value of houses that were sold but the houses that WERE sold --are not assessed by the city at the price they were sold for . This does not seem fair or equitable. I feel the Rose Creek propety should not be included as it is a completely different part of the town and the area is completely different than my neighborhood. In looking at this property, the price per square footage is really different than the other "comparable" sales. If I take the city assessed value and calculate the"revised" square foot value and exclude the Rose Creek property -- the "revised" value on my house would be 304, 400 which is more comparable to the professional appraisal without house amenities even being considered. I also feel that basing my house value on average square footage selling price is not taking into account what amenities are included in those other houses and not what is specific to my house. Again, using the properties that were in the letter from Janelle 3353 River Drive --- which is directly in my neighborhood has the following amenities: Heated garage, New Kitchen with granite countertops w/tile backsplash and stainless steel appliances. It has built in cabinets in the dining room and family room. It has an office and 4 bedrooms. City Assessment: $299,300 but the sheet says this property was sold for 389,400 --- It has 194 less square feet than mine but my assessment is $23,700 higher and my house does not have the above upgrades. 3327 River Drive -- which is in my neighborhood has the following: Six bedrooms, brick on the front of the house, Hardwood flooring, Jacuzzi...I could not obtain any more information. City assessment: $298,700. My house has 78 more square fett than this property but is assessed $24,300 higher and again --- my house does not have these upgrades. Rose creek Property -- New Carpet, surround sound, Wet bar, "Tile in the kitchen, Add'l kitchen in the basement, and looked like granite countertops I could not get any other information . This property sold for only 308,000 but the city appraisal was 341,000 . Again, I do not hae any of these upgrades.