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Homeowner Challenges Reassessment Values
web posted July 18, 2011
I have had my house in Johnston for sale for thousands less than the
new assessed taxable value assigned in yesterday’s mail. I have had it
for sale for 2 years and have not had a firm offer. I bought the house
for $200,000 at the height of the real estate bubble, and now with the
economic down turn and real estate crash, I am sadly resigned that it
will finally sell for less than my initial purchase price despite
thousands of dollars from my pocket maintaining and improving this over
100 year old house!
Please review how the market is really doing by talking to local real
estate brokers. Or research the number of deed changes in the Edgefield
County courthouse in the past six months due to sales and compare that
number to the six month period before August 2007.
The recent county wide reappraisal is ridiculous and values should
remain as is, or drop as real estate values and sale activities have.
I have appealed/contested the increase to the Assessor’s Office.
I encourage everyone to look at their new value and ask themselves, is
The effects on renters? Landlords will be forced to pass this
unwarranted increase on to those of our community that simply cannot
withstand any housing increases in today’s economic slump! Young
homeowners, those on fixed incomes, families struggling to keep their
mortgage met and others are going to be adversely impacted by this
untimely increase in local taxes!
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