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Officials say condo tax hikes reflect market sales; appeals require comparable sales evidence
Summary
Officials explained that condo tax increases reflect market sales used for valuation as of Oct. 1, and described the appeal process—property owners must provide comparable sales evidence pegged to the statutory valuation date.
Residents who asked about unexpected condo tax increases were told those changes most often reflect market sales that feed the mass-appraisal process. "If for whatever reason last year, your condos were selling for, let's just say, $500,000 ... and for some reason next following year, the sales are coming in at, you know, 50,000, you're going to see that jump because that's what the market dictates," Assessor Dave Centrelli explained, noting that appeals must show comparable sales as of the statutory valuation date.
Centrelli and the tax collector walked interested residents through the appeal steps: gather comparable sales data tied to the Oct. 1 valuation date, meet with the assessor’s office to review the property record card and if needed, file a formal appeal with the county tax board. The presenters recommended residents first speak with assessor staff to verify records before pursuing a formal appeal.
