The most similar houses on your street, immediate tract, and surrounding area in Anatolia should be given strong weight when rendering a legitimate opinion of value. The overall trends in the real estate market and perception among local buyers too plays an enormous role in your property’s worth. Additionally, there are external factors such as the state of the economy, available financing and job security that also factor into the equation. There is not just one point of data to consider when determining what your property is worth, but a plethora of market research (as opposed to picking the highest sales in the market and comparing them to your property). 

There are often reasons why your house may not compare with the highest sale in the market anyway, right? Things like square footage, lot size, location, view, builder, age, condition, bedroom count, and level of upgrades can all make a big impact on the value of your home. Take for instance, the location. Imagine if your home backed to Sunrise Blvd. Would you say that the typical buyer would probably pay less for your property because of the increased traffic noise? Or do you think a buyer would pay a premium for a house with 500 additional square feet or a house with $100,000 worth of upgrades? Or if brand new houses in Anatolia are selling for much less than yours did in 2005 , would someone pay the same price for your house as they would for brand new one?

These factors certainly make a difference with the level of property tax you pay, but one of the most significant realities to confront is when current property taxes are not based on the true state of the overall housing market. Housing prices have declined so drastically in recent years and the prices are at levels much before 2004 in most cases (some say 2001). The truth is that the conditions of the market and the assessments given by the Assessor are capable of being way out of sync with current market trends (and not to the advantage of the home owner in most cases). This fact makes a big difference in our wallets too because we could be paying hundreds or sometimes thousands of dollars too much in property taxes each year unless we take steps to shed light on the true value of your home.

As your local tax appeal specialist, if you have any questions about the tax appeal process, please give me a call at 916-595-3735. My residential real estate company is based in Rancho Cordova and I am very familiar with Anatolia. 

http://www.AnatoliaTaxAppeal.com  Does the Assessor’s Office Get Your Value Right?

The data below only considers sales price and date of sale and does not take into consideration relevant market factors such as level of upgrades, condition, location, quality of construction, size, layout, age, tract, and design among other things. A very detailed analysis of your particular property and the surrounding real estate market is crucial for a tax appeal situation and makes all the difference for where your house would fit on the market spectrum.

http://www.AnatoliaTaxAppeal.com  Sales in all of Rancho Cordova (06-09)