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Homeowner startled by online data sheet showing $1 million appraisal; officer explains assessed vs. full value
Summary
A homeowner said she found an online data sheet listing a full market value near $1,000,019 for her house and was confused; the hearing officer explained that assessed values are calculated as 70% of full market value and advised collecting comparables and submitting documentation to the assessor.
A homeowner told the appeals panel she discovered an online 'data sheet' indicating a full market value of roughly $1,000,019 for her home and said she had not received that notice; she had expected a value nearer $813,000 based on prior information.
The hearing officer explained the difference between "full market value" and the assessed value used for tax calculations: assessed value is derived at 70% of full market value for tax purposes, and the numbers shown on the data sheet are "total appraised value" rather than the taxes owed. The officer suggested the homeowner request the assessor's data sheet printout and to assemble sold comparables and documentation of local negatives (such as traffic and strip-mall noise) to support a reduction request.
The homeowner said she felt "floored" by the figure and would seek help compiling comparables and possibly hiring an assessor or appraiser to build a stronger case. The panel offered to copy the data sheet and advised the homeowner to bring materials to the assessor office as soon as possible; no final change to the assessment was made that day.
