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Harley H. Hoppe & Associates, Inc. Property Tax Appeal Specialist Amy Hoppe

Harley H. Hoppe & Associates, Inc. Property Tax Appeal Specialist Amy Hoppe. Property Tax Appeals in Washington State. 12321 NE 10th Place, #102 Bellevue, WA 98005 206-275-1100 or 425-429-6778 Amyh@harleyhoppe.com. Presentation. Assessed Value. 100% of Market Value

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Harley H. Hoppe & Associates, Inc. Property Tax Appeal Specialist Amy Hoppe

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  1. Harley H. Hoppe & Associates, Inc.Property Tax Appeal SpecialistAmy Hoppe Property Tax Appeals in Washington State 12321 NE 10th Place, #102 Bellevue, WA 98005 206-275-1100 or 425-429-6778 Amyh@harleyhoppe.com

  2. Presentation

  3. Assessed Value • 100% of Market Value • January 1st of Each Year • New Construction July 31st • Partial Completion

  4. Assessor's original valuation is deemed to be correct. • Property owner has the burden of proof by providing clear, cogent and convincing evidence. • County Board can raise the assessed value if deemed below market and/or Assessor request the value be increased via an appeal. • State Board may not raise the value above the original assessed value or the County Board value. • County Board members are elected by the County Executive • State Board members are elected by the Governor. • County Board will reduce approximately half of the appeals heard. • State Board will reduce less than 20% of the appeals heard. • Other avenues of appeal: file suit with the County Property Tax Appeal Facts

  5. Misconceptions of Appealing • Filing an appeal because your neighbor's taxes are less than yours. • Not filing an appeal because you believe a higher assessed value will increase the value of your property • Having a successful appeal will carry forward to the next revalue • Your property taxes have increased more than the 1% limit

  6. Appeal Evidence Comparable Sales Recent Purchase Deferred Maintenance Appraisal Negative Features

  7. County Board  •      Larger Counties vs. Smaller Counties •     One year from filing date •     Need to provide documentation 21 business days before the hearing date.   •      Difference With Larger Counties: documentation •      Manifest Error (difference between Counties) •      Constructive Fraud: value 100% of market value •      Sale Price $800,000 vs. Assessment $1,600,000 • State Board •      Informal Vs. Formal •      Up to 3 years after filing •      Exception Property Tax Appeal Process

  8. Market Value of a Property Assessed Value Appraisal Flexible 100% of Market Value Most always have visited the home Make adjustment for differences Individual appraisal • January 1st of each year • 100% of Market Value • Generally Assessor appraiser has not visited the home • Only adjust comparable sales for time • Mass appraisal, *unless appealed

  9. Unique Property Situations • Normandy Park Waterfront home • Madison Park Waterfront home with adjacent public park • 520 Bridge Addition vs. Viaduct • Petrified Wood • Waterfront Property without a view • Chicken Farm

  10. Other Tax Relief Options Senior Citizen/Disabled Exemption Senior Citizen/Disabled Property Tax Deferral Home Improvement Exemption Historic Property Exemption Manifest Error / Refund

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