Fought Property Taxes and Won?

**Goose** · February-02-10, 02:47 PM

there should be an option that the homeowner has the option of selling the house to the city at what the city thinks its worth, even at maybe 10-15% less, and that the city should be required to buy, if the city can buy properties at 15% less than what they think is the fair market value, its a win-win situation ...... that would get the values in line quickly.....

**Hermod** · February-02-10, 02:58 PM

Originally Posted by Goose

there should be an option that the homeowner has the option of selling the house to the city at what the city thinks its worth, even at maybe 10-15% less, and that the city should be required to buy, if the city can buy properties at 15% less than what they think is the fair market value, its a win-win situation ...... that would get the values in line quickly.....

That is what I have always thought. If a tax assessor overvalues a property, the owner can challenge the assessment and state a value that he thinks the property is worth. The gummint taxing authority has two options, buy the property at their assessment or reduce the assessment to the taxpayers number.