Our home is an investment, obviously, but it's also our home and so as long as we're not bleeding money we're happy. We're not trying to flip it or something. But, apparently, the county tax office thinks we can. They say that our house increased in value $21,000 in one year!! Hot diggity dog!
Average increases in market/appraised price for our neighborhood over the last 5 years averaged about 1-2%, but then this year it jumped to 5-10%. On average. So... I am protesting.
Last year I did it and was successful, mainly because they had all kinds of wacky incorrect info like extra bedrooms and bathrooms. This year? I am gathering info. The house next door to ours and one down the street sold in the last year and they took a long time to sell and sold for either a small amount more than the asking price or less. I'm honestly not worried about that--we're planning to stay here for a while. It's an area that will always be desirable due to its proximity to downtown.
But now? Dear county tax people? I know that you're getting a lot less revenue because of foreclosures and whatnot, but I'd rather not be paying taxes based on a "market value" that is ridiculously, outrageously higher than I could even think to receive if I sold my house.
Wish me luck!