1 / 10

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

judier
Download Presentation

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

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related