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tj444 -> RE: Mitt again... (8/9/2012 12:39:32 PM)
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quote:
ORIGINAL: OsideGirl
quote:
ORIGINAL: tj444
My understanding from what i have read is that San Diego county automatically reassesses the following year after a decrease has been approved.. so I dont know that a second reduction was initiated by Romney.. I dont know about the 300,000 that you say havent gotten an answer.. Romney paid an appraiser to determine the value of his property and the appraiser said it was worth only 7.5 million, so if other people havent gotten an answer, perhaps that is why, perhaps they would have gotten an answer sooner if they had provided their own apprasial (but that does cost money of course, with no assurance of the appraised value or reduction outcome). It may be that if you have to wait for the county to value the property, then due to so many it might take a longer (I would doubt they would hire more people for that).. I read that he went thru the process like everyone else and that he didnt get preferential treatment & imo there is no reason for the county to treat him better or faster cuz people would be watching for that.. My understanding is that even tho Romney's appraiser said it was worth 7.5 million, the county reduced the value but not anywhere near that figure..
He applied for the reduction and of course he didn't receive preferential treatment, I'm certain that he managed to get it twice in three years, when others can't get an answer once by sheer luck.
For the record: My friends mother works in the county tax assessors office, so ya know, it just might be possible that I have information that you don't.
I never said he didnt get it reduced twice, what i said was that the second time it might have been an automatic thing that the county does on its own.
Imo, you are exaggerating things, it took him well over a year to get a final reassessment and he had to hire a lawyer and and file an amended appeal for 2009, it sounds like at the same time his lawyer filed one for 2010 probably due to the strict time limits to file appeals and since real estate was dropping like a lead balloon.. so imo he waited just as long as anyone else and he had to hire and pay a lawyer to boot.. sounds to me like they had just as much of a battle as anyone else and in the end, the reduction was no where near what the appraiser determined it to be.. And the county is legally required to complete each appeal within 2 years (unless the owner and county agrees to an extention).. so where is your proof or links that 300,000 people are still waiting for their 2009 and 2010 reassessment?
"Initially, the Romneys asked that their 2009 assessment, $12.24 million, be reduced to $6.8 million, maintaining that their home had lost about 45% of its value in the first seven months they owned it.
Thirteen months later, after hiring an attorney to guide them, the Romneys filed an amended appeal, contending the home had suffered a less-dramatic fall of 27.3%, to $8.9 million.
They also filed an appeal for the 2010 tax year, claiming the house had dropped further, to $7.5 million, 38.7% less than the home's assessed value.
For the 2011 tax year, the Romneys did not have to apply for a reduction, said Jeffrey Olson, division chief of assessment services for the assessor's office. The county is legally required to reassess a property automatically once it has been reduced.
Had the Romneys never applied for a reassessment, they may have received one anyway because San Diego County has taken what it calls a proactive approach to assessments after the real estate downturn.
http://articles.latimes.com/2012/aug/05/nation/la-na-romney-property-tax-20120806
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