If you don’t adjust your comparable sales then you’ll be shortchanging your effectiveness of your property tax protest. Here we’ll discuss size.
Size adjustments are usually made where the comparable sale varies from your own property by more than 200 square feet living area. All other things being equal, a larger home will typically have a lower value per square foot because of (1) economies of scale and (2) spreading the same lot value over more square feet.
Districts vary in the amount they attribute to size differences; that’s another good reason to attend an informal hearing with an appraiser before your formal ARB hearing.
In this series of Adjustments to Comp Sales we show homeowners how to adjust sales based on the criteria used by appraisal districts. The most important are:
- Neighborhood
- Size
- Age or Effective Age
- Class
- Condition
- Pool / No Pool
We’ll even show you how to use logic to dispute some of the the districts’ criteria that we think are not realistic. Search for Adjustments to Comp Sales: Lots and Logic. You can use our argument when it fits your purpose.
To find each, just search for “Adjustments to Comp Sales” and select each one separately.
