montgomery county tax assessments - WTF

[Anonymous]

I still haven’t received mine yet.

[Anonymous]

Anonymous wrote:You are not real middle class if your house is worth $900, or even $700K.

actually you are. Middle class houses are 400k - 1.2MM

[Anonymous]

Ours went up almost 30% in Olney/Brookeville area. No way an appeal is worth it. Combination of us being under-assessed before and fast-appreciating homes out here. The local sales are still higher than our significantly increased assessment so we wouldn’t be able to make a case with comps.

[Anonymous]

OP, are you saying that your assessment went up a lot, or that the assessed value is higher than market value? I have owned three SFHs in this county and while my current home's assessment went up by about 25%, the assessed value of the house is well below the market value, like 70% of the market value.

[Anonymous]

Yea they are on crack

[Anonymous]

I'd love to see how they treat commercial property -- constant tax breaks, rolling over on appeals, buying in to the, "Boo, hoo! I can't get the rent that my Texas-based REIT is demanding after they evicted my 40-year, neighborhood-serving tenant so I could do a slap-dash upgrade and advertise for a national chain, then let it sit so we could claim a loss/request a variance/demand an assessment reduction based on false NPV analysis instead of re-renting at a true market rate..."

Owned clowns.

For the OP -- is your property/improvement substantially different from neighbors, broadly? There are small older houses up there, but then there are all those individual parcels that got developed into what used to be called mansions, but don't have the zip code for others to assume that. If yours is one of them, you've been taxed on the cheap for quite a while, and the increase probably doesn't yet even represent full value. If the opposite is true, you definitely have a case for an appeal.