Thursday, February 17, 2011

Mansion vs. Shack

Property tax season is around the corner. The appraisal district is charged with assessing property at fair market value. However, many times individuals feel like their property is over-valued, as if it were being viewed by the appraisal district like it is a mansion. However, those who have had their property taken through the eminent domain process feel very different. The "fair market analysis" can feel more like no true valuation analysis at all. They feel like the government is treating their valuable property like a shack. There seems to be a disparity in treatment. Only an attorney who has a strong background in property valuation can help you to get fair market value, whether it be in the property tax or the eminent domain arena. Call me if you have questions with either issue.

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