What are the chances of getting an assessed valuation in Maryland lowered on appeal?
My wife and I are interested in moving to Maryland and we looked at a condo that had a tax valuation 50% above the asking price. The existing owner (builder) is trying to get a tax assessment reduction and frankly the tax bite was outrageous (over $6500). Has there been any evidence of reductions? My experience with government has been that once they start to get your money they very seldom relinquish their deathgrip on your wallet. Any opinions or experience?btw Somerset county
Answers (1)
FIRST ANSWER
There is a defined appeals process for each County and people are frequently successful in getting reductions. Sales figures are factored in the assessments.
Web Reference: http://www.buymeahome.net
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Answered Fri Jun 20 2008, 18:41 by Billy Burke, CAI -… in 21821
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