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Letter to the Editor

Homeowner Challenges Reassessment Values

web posted July 18, 2011

Dear Editor,
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 this reasonable?

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!

Karen Brady
Johnston, SC

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