Property Values in Sacramento

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Our appraisal company runs www.SacramentoTaxAppeals.com and we are your local source for disputing property taxes in the Greater Sacramento Region. If you are considering contesting your property taxes, this is our process:

SacramentoTaxAppeal-screenshot-small1)  Contact:  Call or email us to let us know what your property address is and a little bit about your property.

2)  Discuss:  Let’s talk about your situation and if it looks like there is an advantage for you to appeal your taxes. Filing an appeal does not make sense in every case.

3)  Decide:  Which package works best for you? We offer a “Gold” package at $99.00 and a “Platinum” package at $169.00.

4)  Relax:  We’ll handle your property tax appeal in a professional and timely manner.

Feel free to reach us by phone at 916-595-3735 or email at LundquistCompany@gmail.com  We look forward to discussing your situation and figuring out what is going to best suit your needs and situation.

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What is the lowest-priced single family residential property on Sacramento’s MLS right now? 

And the winner is…. $15,500

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41 La Fresa Ct # 3 has been listed on the market for seven days at $15,500 and is a McKeon-style condominium in South Sacramento off of Shining Star Blvd (formerly G-Parkway). This 2 bedroom / 1 bathroom unit is 2-stories and has a tandem garage. McKeon-style properties have four attached units. The number 1 unit is located in the front, numbers 2 & 3 are located on the sides (the subject is a # 3), and the number 4 unit is located in the rear above the garage. MLS states that the monthly HOA fee is $180.00

Former “Lowest Price on MLS” winners: $12,500 (1 unit), $35,900 (4 units)

No, I am not affiliated within this property in any way, nor do I know the Agent. If you happen to be interested in the property, I can always connect you to the Agent.

http://www.lundquistcompany.com/blog The Lowest Priced House on MLS (Sacramento)

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Have you heard of www.zilpy.com? Visit the web page, type in your Sacramento area address, and see if the estimation of rent is anywhere close to what you think is accurate for the property you are thinking of.

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Here is how it works. I typed in 6901 14th Avenue in Sacramento and then the following information popped up. Zilpy located 30-50 rental properties within the immediate neighborhood. That’s fairly impressive, huh?

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Zilpy also provided basic information about some of the demographics of the neighborhood. This is always interesting. As a side note, when an appraiser completes a Rental Survey, he or she needs to not consider things like Ethnicity and the Ethnic Composition of the neighborhood in determining market rent. If an appraiser included this type of information in his report, the appraiser could get in some hot water.

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Lastly, Zilpy comes up with a range of rent and an overall estimation of rent based upon the data provided from the search parameters. 

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Zilpy is a great tool to obtain some basic rental data to help determine what you could rent a particular property for. It’s one of those sites that is fun to mess around with for a while. BUT like any online tool delving into the world of estimation or valuation, while it has potential to be useful, it can also be gravely inaccurate. After all, without seeing the property or knowing its characteristics, and maybe not knowing the local market and important geographical boundaries that make a huge difference with rent, it makes sense that there is some room for error. 

Like the Zilpy site says:

“Use Zilpy Rent as a starting point to get the market fair estimate for a specific location and property characteristics”

Bottom line: Have fun with this tool, but just know its limitations. If you play around with it and type in your address, please comment above to let everyone know if you think it is anywhere close to accurate. Enjoy.

http://www.lundquistcompany.com/blog How much could you rent your Sacramento Area house for?

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Have you received a letter? My household has been mailed two so far claiming that XYZ Company will help me lower my property taxes if I send themhouse some money. Fellow residents, may I offer some advice? If you feel that the Assessor’s Office did not get your home value right, then don’t waste your money on out-of-area companies like this? If you need to contest your property tax levels, use a local specialist who knows your neighborhood very well and can personally talk you through the entire property tax appeal process.

 

Here is what you need to do:

1. First off, wait to see what the Sacramento County Assessor’s Office says your home is worth. They should have this data available around May 2009 (hopefully). Figures for 2009 property taxes aren’t even out yet, so be leery of companies that promise to be able to “lower your taxes” if they don’t even know what your home is assessed at?

 

2. If you are not satisfied with your property tax assessment, you can contact the Assessor’s Office and fill out a “Decline-in-Value Reassessment Application” between July 2, 2009 and November 30, 2009 (NOTE: Some other local counties besides Sacramento have a filing date of September 15, 2009). Basically, the application asks you to provide two similar properties that sold in 2009 between January 1 and March 31. Honestly though, this step is not an appeal and the best use of your time is to go straight to step 3. If you do want to do this step and you are unable to provide the needed information, I am capable of doing so for a very reasonable fee.

 

3. You can file an “Application for Changed Assessment” with the Assessment Appeals Board by November 30, 2009 for Sacramento County. This application basically asks you to provide evidence for your opinion of value. If you can supply this evidence through your own knowledge and research, that’s great. If not, this is where we can work together. As a local and reputable licensed real estate appraiser in the Sacramento area, I can act as a consultant on your behalf and provide detailed evidence of the true value of your property. With my detailed knowledge of how the appeals system works and what they look at to justify lowering property values, I can be a crucial asset for your property tax situation.

 

4. Don’t wait until the end of November to do Step 3. Make sure you have enough time to get your appeal in (or I can do that for you). After the November 30 deadline for Sacramento County, there is nothing more you can do to contest your property taxes if you miss the deadline.

 

Please contact me with any questions at 916-595-3735. I look forward to helping you understand the tax appeal process and working together if it is relevant for your needs.

 

http://www.lundquistcompany.com/blog The Skinny on Lowering Property Taxes (Sacramento Region) 

 

 

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