Case-Shiller Reports Continued Erosion in Home Prices

In the past few days homeowners in the Charlotte area received a mailing about Home Services and their ratings.

For clarification, Home Services is a listiing of companies providing services to home owners. Services like HVAC, plumbing, et al. It has rated them for the convenience of the consumer.

I’m not sure how extensive the mailing was, so I thought it may be beneficial for you to check it out online. Here is the link: http://www.homeservicesreview.com/charlotte.php

Let us know if this is of use to you. It is useful to other areas of the country also.

Related articles

• Tax ReVal – York County, SC (valuingmetrolina.com)

Refinance activity on three-week swoon | News | Daily | The Title Report.

I was recently certified as a CVR (Collateral Valuation Report) Specialist. The CVR is the appraisers’ answer to bpo’s and avm’s with the added benefit of regression analysis..

CVR’s cannot be used for loan origination or refinancing as they are governed by the GSE’s. However, they are quite useful for HELOC, Estate and other real property appraisals. The cost is lower than full appraisals and they performed and signed by an appraiser.

Feel free to contact us if the CVR is of interest.

Related articles

• Tax ReVal – York County, SC (valuingmetrolina.com)

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An interesting article and database search based upon the Mecklenburg County voting on the budget.

Searchable property tax rate database | CharlotteObserver.com & The Charlotte Observer Newspaper.

Related articles

• Commissioners to vote on budget that will increase property taxes (charlotte.news14.com)
• Mecklenburg Commissioners approve budget; increase money to CMS (charlotte.news14.com)

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Here’s the most recent input for Condominium owners in Mecklenburg County.

2011 property tax values for condos in Mecklenburg County | CharlotteObserver.com & The Charlotte Observer Newspaper.

Related articles

• Mecklenburg Commissioners approve budget; increase money to CMS (charlotte.news14.com)
• Tax ReVal for Condominiums (valuingmetrolina.com)

Housing Prices Double-Dip in Downward Spiral – ABC News.

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The Condominium reval in Mecklenburg County, NC turned out to be anticlimatic as compared to the single family and townhouse reval. There were some indications that there were disparities in the degree of the reductions from 2003 to 2011. In some complexes the reductions ranged from 15% to almost 40%. It seemed that the owners were just pleased that they got a reduction in value, rather than contest the disparity within their complexes.

Now it’s the turn of York County, SC to get the news on their tax reval.  The assessor’s office anticipated May 1st as the date the reval would be mailed, therefore York County residents should have them about now.

In an effort to assist you with the reval, here is a link that may help: Notice of Assessment 

Here’s the link to the timeline: Reassessment Timeline

If you feel that the new value for your home is questionable, you have the right to appeal the value. See the information provided.

A strong way to contest the tax reval, if you do not agree with their assessment, is to have a tax appeal appraisal performed. The benefit of the tax appeal appraisal is that the appraiser will perform an interior and exterior inspection. The appraiser will also look at the locational issues surrounding your house. The county assessors are not able to delve that deeply into every house in the County.

If we can help you by answering any questions or if you would like to discuss having an appraisal done, please feel free to contact us.

Related articles

• Tax ReVal: What Comps Were Used? (valuingmetrolina.com)
• Tax ReVal for Condominiums (valuingmetrolina.com)
• Tax ReVal – The County Appeal Form (valuingmetrolina.com)
• Condo Tax ReVal Coming Next (valuingmetrolina.com)
• Check Your Tax ReVal (valuingmetrolina.com)

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Today’s the day!! Today the Mecklenburg County Assessor’s office is scheduled to mail out the 2011 tax revaluations for commercial properties and condominiums. Last we read they were uncertain as to whether the values overall were up or down from 2003.

The same resources are available for the owners of these properties as were for the February 7 reval figures for single family residences and townhouses. Here’s the primary link Mecklenburg County Tax Assessor.

The appeal process is pretty much the same for the condominiums. The deadline for submitting the appeals is April 19, 2011. We will delve into this reval in the next several posts to try to give some direction.

If you have any questions in the meantime, feel free to contact us. We’ll be happy to answer your questions to our best ability.

Related articles

• Condo Tax ReVal Coming Next (valuingmetrolina.com)
• Tax ReVal – Mecklenburg and Beyond (valuingmetrolina.com)
• Tax ReVal: What Comps Were Used? (valuingmetrolina.com)
• Tax ReVal – Disputing the Value (valuingmetrolina.com)
• Tax ReVal – The County Appeal Form (valuingmetrolina.com)

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The single family residences’ (detached houses and townhouses) deadline for filing a tax appeal for the 2011 reval is past – yesterday at 5:00PM - hand or electronic delivery or postmarked on March 14th.

The County estimated 40,000 appeals. It was estimated yesterday afternoon that there were 30,000 plus appeals filed. The final count will be in a few days to allow for the appeals that were mailed to be received. If you need more information on the procedure after you submitted your appeal see our previous posts listed below.

Now condominium owners and commercial properties await their new values. They are expected to be sent out later this month. The owners are given 30 days to file any appeal. No word yet on the anticipated number of appeals. We’ve read various articles from the Charlotte Observer, et al and other blogs and it seems that it could be similar in degree.

We can’t help with the commercial appeals, but we will be happy to refer you to a reputable commercial appraiser.

What we can do is help you determine if your condominium reval is a fair market value.

At times, a group of condominium owners will hire an appraisal company to perform appraisals on a number of individual units in the complex. If you determine you and some of your neighbors  have issues with the reval, we would be pleased to discuss how we can help your group.

Please feel free to contact us and we will be happy to determine what you want to accomplish and suggest an avenue to take.

Related articles

• Tax ReVal – Disputing the Value (valuingmetrolina.com)
• Tax ReVal – The County Appeal Form (valuingmetrolina.com)
• Tax ReVal – Mecklenburg and Beyond (valuingmetrolina.com)
• Tax ReVal – The Tax Appeal Appraisal (valuingmetrolina.com)