Unfortunately the appraisers are only going back six months on comp sales, and the majority of what is selling around here are repos and auctions. Our taxable value (which is usually much lower than what an appraiser will say your house is worth) is $40 thousand dollars more than what our house just appraised at. Our buyers wanted to roll their closing costs into the sales price also, which meant that the house had to appraise for $6,100 more than the sales price. They now have to come up with their own closing costs because the house appraised for $10,000 less than the sales price that we had agreed upon. Makes no sense that our property taxes are based off of a value that the home doesn't have anymore!
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Traverse City, MI
Plymouth, MI
Village of Hemingway
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