How can I review and compare sales?

For example, let's say that in your neighborhood a home sold for $80,000 and is identical to yours except that is has no garage and you have a two-car garage. You have determined that your garage is worth $4,000 to $6,000. Another home sold for $96,000. It has the same house and garage as yours but has an extra lot. Land sales show that the value of this extra lot is $8,000.

Sale One

  • $80,000 plus $4,000 equals $84,000 plus $6,000 equals $86,000

Sale Two

  • $96,000 minus $8,000 equals $88,000

Proper Assessment

These two sales indicate a proper assessment of your property should be between $42,000 and $44,000.

Recent Sales in Your Area

Other recent sales in your area should be reviewed the same way. You need to be especially careful if the sales are different from your home in size, age or quality. This will require some time and thought, but the hardest part will be to remain objective.

Show All Answers

1. What are the responsibilities of the Board of Review?
2. Who are the members of the Board of Review?
3. When does the board meet?
4. Are the meetings open to the public?
5. Who may file an appeal?
6. What type of appeals will the board hear?
7. How can I make an effective appeal of value?
8. How can I review and compare sales?
9. How will I know of the board’s decision?
10. Can I appeal the board’s decision?
11. Should I protest?
12. How should I present my protest?