STOP-OVER-ASSESSMENT.COM

Our Assessor is hurting our cities

The Appraiser — Mon, 02 Nov 2009 06:35:00 GMT

I had a discussion with one of our county mayors and he expressed frustration that the Assessor's office is not getting them the Assessment data. It is now about 4 months behind and the Assessor is telling them it is due to a computer change over.

We have a situation where the Assessor isn't even getting the basics of the office done. In the business world in doing a cut over you typically run the old and new systems side by side until you know you can completely cut over. The fact that the Assessor 's office is so far behind schedule demonstrates that typical business processes and procedures are not being utilized in the office.

This failure by the office is hurting our cities and hurting our citizens as they try to plan. The Cities of Clark County are not happy.

What do I mean by Unfair Assessments!

The Appraiser — Thu, 13 Aug 2009 15:27:00 GMT

Unfair Assessments is more than just over assessment of property.   While over assessment has its own issues as long as it is consistent the State equalization will help remove some of that.

What I mean by unfair assessments is that they are all over the board in terms of assessed value. I looked at 39 RMLS (open market, arms length)  existing home sales in July 2009 that sold between $190,000 and $210,000.   In a world of fair assessments all of these would have a similar assessed value.     But the assessments range from 9% below market sales price to 76% over the market sales price.    This is an 85% swing in values. The average is 21% over assessed.

So the situation in Clark County is you have similar homes selling for similar values and assessed values that differ wildly.   This is unfair assessment.

Over Assessment July 2009 by Sales Price

The Appraiser — Tue, 11 Aug 2009 17:30:00 GMT

Map of July 2009 Existing Home Sales By Area

The Appraiser — Tue, 11 Aug 2009 17:26:00 GMT

The figures tell a shocking story.

The Appraiser — Tue, 04 Aug 2009 07:34:00 GMT

I have recently reviewed RMLS Sales for July for Single Family existing homes and is reviewing the data I learn something very disturbing to fair minded citizens.

The overall Median % over assessed is 21%. But when you look at sales price it is even worse.

Sales Price	Median % Over Assessed
$0-$200,000	27%
$200,00 -$300,000	17%
$300,000-$400,00	15%
$400,000-$500,000	5%

What this table shows us is that the poorest amongst us and carrying an unfair portion of the tax burden. The Single mothers and those looking for affordable housing are being hurt the most by our current assessments.

Camas Sales V Assessed Values

The Appraiser — Wed, 22 Jul 2009 00:05:00 GMT

Camas Sales for the last month indicate average assessment is 25% over the sales RMLS sales prices of resale homes under 1 Million Dollars.

Address

City

Sales Price

Assessed

% Over

837 NW HILL ST

Camas

$126,900

$ 172,900

36%

103 NE 14th

Camas

$170,000

$ 218,100

28%

4524 NW 9TH CIR

Camas

$205,000

$ 340,800

66%

19808 SE LACY WAY

Camas

$208,000

$ 275,800

33%

3409 NW PACIFIC RIM DR

Camas

$215,000

$ 270,500

26%

1983 NW WILLOW DR

Camas

$229,900

$ 306,200

33%

1642 NE IONE LOOP

Camas

$240,000

$ 273,100

14%

1939 NW 31ST WAY

Camas

$245,000

$ 282,300

15%

4132 NE HAYES ST

Camas

$267,500

$ 362,600

36%

19517 SE 42ND CIR

Camas

$269,000

$ 302,700

13%

2248 NW 22ND AVE

Camas

$277,000

$ 382,900

38%

3936 NW 17TH AVE

Camas

$285,000

$ 387,400

36%

1728 NW OGDEN ST

Camas

$286,000

$ 413,000

44%

3740 NW 31ST AVE

Camas

$295,000

$ 278,400

-6%

3805 NW 17TH AVE

Camas

$300,000

$ 358,000

19%

2107 NW ARTZ CT

Camas

$305,000

$ 421,000

38%

3231 NW GRASS VALLEY DR

Camas

$315,000

$ 361,400

15%

19704 SE 4TH WAY

Camas

$315,000

$ 322,900

1938 NW 45TH AVE

Camas

$320,100

$ 444,000

39%

4734 NW ASPEN ST

Camas

$325,000

$ 363,600

12%

1965 NW WILLOW DR

Camas

$325,100

$ 400,000

23%

3526 NE HAYES ST

Camas

$342,000

$ 447,300

31%

3637 NE IONE ST

Camas

$345,000

$ 512,900

49%

2330 NW CASCADE ST

Camas

$382,000

$ 491,000

29%

4747 NW DAHLIA DR

Camas

$387,000

$ 374,300

-3%

3565 NE GARFIELD CT NE

Camas

$390,000

$ 505,500

30%

4506 NW 11TH CIR

Camas

$397,000

$ 510,700

29%

1811 NW FOREST HOME LN

Camas

$410,000

$ 475,800

16%

4455 NW EMILY WAY

Camas

$415,000

$ 444,400

2718 NW CASCADE ST

Camas

$419,000

$ 505,100

21%

613 NW VALLEY ST

Camas

$424,900

$ 689,000

62%

3001 NW DAHLIA DR

Camas

$435,000

$ 512,700

18%

1106 NW ASTOR ST

Camas

$460,000

$ 467,600

6015 NW MICHAELBROOK LN

Camas

$605,000

$ 869,300

44%

6110 NW MICHAELBROOK LN

Camas

$650,000

$ 863,700

33%

907 SE 201ST CT

Camas

$719,000

$ 742,700

$12,305,400

$ 15,349,600

25%