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Real Estate
Reply to "Appeal MD real property assesment"
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[quote=Anonymous]Our assessment went up a ton that I don't even think is in the realm of reality. There hasn't been a single comparable house near us that has sold for the assessment price they're smacking us with. Any home near us sold for a price they're assessing us has been dramatically updated and is in better condition than ours. If we accepted the assessments though, we'd be well over the 20% threshold a could drop our PMI. While the tax increase would suck, I did the math and if it simultaneously resulted in us being able to ditch PMI the grand total increase would be only about an extra $40-50 per month, which isn't with my time to fight over. Do banks usually accept the state's assessment value for determining to ditch PMI?[/quote]
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