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Real Estate
Reply to "Montgomery County property valuations for tax assessments"
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[quote=Anonymous][quote=Anonymous]There have been past threads on this issue if you search. But the bottom line is that an appeal can be successful if there are comps to back up your position. However, in the past three years, prices in MoCo have gone up dramatically, so if you haven't been paying attention to sales in your neighborhood, definitely spend some time on zillow or redfin doing your research. The 50% increase might not be as inaccurate as you believe.[/quote] OP, can you tell me what your neighborhood is in MoCo? I’m also in MoCo and just got a notice that my property assessment went down by $40K. I’ll take not paying more taxes as a win but it’s disconcerting overall. My neighborhood is in Silver Spring and I’m worried this is the start of housing values plummeting. [/quote]
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