Appeal MD real property assesment

[Anonymous]

PP again. And fyi there is no 10% cap on rental properties. It’s only for your primary residence.

[Anonymous]

Anonymous wrote:Your house probably is worth 34% more than it was three years ago. Moco has super low assessments. In Va they redo them every year.

MoCo has been flat since 2022. SFHs have even declined a little. That’s if you look at actual sales data.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’ve successfully appealed. First, ask for the assessment details and make sure the info they have is correct.
I also requested info of what they used as sales comps.
What doesn’t work is if you show other properties that have a lower assessed value.

As an aside, I was surprised that the assessed lot value increased so much less than the building- which doesn’t make sense at all.

Np. Thanks for this information. How did you ask for these details? An email? Phone? More detail about the logistics would be helpful.

NP- email and phone. You might need to reach out a few times but you have a right to the information they used so just be persistent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We just received the new assessment for our house in Moco. The new value is 34% higher than three years ago. We want to appeal but need to know where to start.
1. It is oaky we do it ourselves? Are prices from recent closed houses near us good enough for appealing? What kind of additional documents are needed?
2. If we want to hire a lawyer, where to find them and how much it costs on average?

If you have successfully appealed tax assessment on your house previously, any tips for winning strategies.

I think you probably can appeal

Although statewide legislation caps increases at 10 percent annually, many local governments have implemented lower caps. Residents can apply for The Homeowners' Tax Credit which sets a limit property taxes owed based on income for qualified candidates.

There's also a Homestead Tax Credit that caps a resident's yeary taxable assessment regardless of income level.


https://www.wmar2news.com/maryland-property-values-rose-20-percent-likely-increasing-tax-bills#:~:text=Although%20statewide%20legislation%20caps%20increases,on%20income%20for%20qualified%20candidates.



https://www2.montgomerycountymd.gov/estimatedtax/

Have a question or comment about our system?
Here is the contact information:
OCP Phone Number: 240-777-3636
OCP Fax Number: 240-777-3768
OCP General E-mail: [e-mail]

Contact details are above

[Anonymous]

Anonymous wrote:It did not go up 34 percent
MOCO caps at 10 percent per year
Learn math people

There’s no cap on assessment value

[Anonymous]

To OP, can you tell me how much the assessed value for the building, ie, improvement, has increased compared to the increase in land value?
For us, it’s all in the increase in building value although there’s been no “improvement”, it’s 3 years older

[Anonymous]

Anonymous wrote:

Anonymous wrote:Your house probably is worth 34% more than it was three years ago. Moco has super low assessments. In Va they redo them every year.

MoCo has been flat since 2022. SFHs have even declined a little. That’s if you look at actual sales data.

MoCO only reassess every 3 years. So the 1-1-2025 Assessment is based on 2022-2024 average, Which would be way higher then their 1-1-2023 assessment based on 2020-2022 average.

My block houses are still going top dollar. It depends where in MoCo. I think outer MoCo and new build townhomes in 2022-2024 were over priced and stalling now.

[Anonymous]

Anonymous wrote:To OP, can you tell me how much the assessed value for the building, ie, improvement, has increased compared to the increase in land value?
For us, it’s all in the increase in building value although there’s been no “improvement”, it’s 3 years older

I am not the OP, but in our neighborhood they only increased the value of the improvements. The land values for all the properties stayed the same. Which makes no sense.

[Anonymous]

Does anyone else have a situation where their property assessment is significantly higher than the assessments for very similar houses (e.g. same models in the same development)? I'm so frustrated I have to take the time to deal with this but I'm not willing to pay this much more than my neighbors for no apparent reason.

[Anonymous]

Anonymous wrote:A 34% increase over the past three years seems to be average for Montgomery county. Ask any of your friends who are house shopping and they’ll tell you that this is the depressing state of affairs for home buyers. Before you decide to appeal, make sure you’re being realistic about how much your house has gone up in value.

Wait until DOGE tanks your prop values by 50%!

https://wtop.com/business-finance/2025/01/trumps-doge-could-lead-to-regional-recession-for-housing-veteran-dc-realtor-says/

[Anonymous]

Remember this on election day next year. Assessments are up = the county and state are getting more in taxes without even raising the _rate_ of tax.

Yet, they are still talking about raising taxes, in particular Elrich:
https://marylandmatters.org/2024/11/06/fears-of-trump-driven-federal-agency-cuts-spur-talk-of-tax-increases-in-montgomery-county/

[Anonymous]

Anonymous wrote:Remember this on election day next year. Assessments are up = the county and state are getting more in taxes without even raising the _rate_ of tax.

Yet, they are still talking about raising taxes, in particular Elrich:
https://marylandmatters.org/2024/11/06/fears-of-trump-driven-federal-agency-cuts-spur-talk-of-tax-increases-in-montgomery-county/

Elrich has no control over property tax ASSESSMENTS which are done by the state. He can propose a tax RATE increase which the county council must approve. Elrich will make his proposal in March when they publish his proposed operating budget. At that time they will have an estimate of how much that rate will bring in given the assessments.

[Anonymous]

Anonymous wrote:Does anyone else have a situation where their property assessment is significantly higher than the assessments for very similar houses (e.g. same models in the same development)? I'm so frustrated I have to take the time to deal with this but I'm not willing to pay this much more than my neighbors for no apparent reason.

Yes, I had that exact situation the last time I received my reassessment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A 34% increase over the past three years seems to be average for Montgomery county. Ask any of your friends who are house shopping and they’ll tell you that this is the depressing state of affairs for home buyers. Before you decide to appeal, make sure you’re being realistic about how much your house has gone up in value.

Wait until DOGE tanks your prop values by 50%!

https://wtop.com/business-finance/2025/01/trumps-doge-could-lead-to-regional-recession-for-housing-veteran-dc-realtor-says/

Dream on, liberals.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Does anyone else have a situation where their property assessment is significantly higher than the assessments for very similar houses (e.g. same models in the same development)? I'm so frustrated I have to take the time to deal with this but I'm not willing to pay this much more than my neighbors for no apparent reason.

Yes, I had that exact situation the last time I received my reassessment.

Were you able to successfully appeal?