The county property appraiser has answered my request to increase the market value of the house. They think that I am nuts because I am essentially asking them to increase my taxes. That is wrong in any event. Because of Save Our Homes, my assessed value can’t increase by more than 3% if I stay here, and if I move it actually cuts the taxes in my new home, because it maximizes my SOH credit.
Thank you for contacting our office. I want to make you aware that the value assigned by our office is for tax purposes only, and is not reflective of the resale value of your home. You want this value to be as low as possible. The value we arrived at is what you will pay taxes on. Did this answer your question?
If they had half a brain they would see what we are doing here.
EDITED TO ADD: I told them that I still want my value increased. They replied:
So let me understand your email more accurately: You are requesting that we raise your property taxes?
Now my wife is nervous and says “Are we sure that we know what we are doing here?”
Yes, I am. The Save Our Homes Credit is portable, and increasing the market value on our current home will reduce our taxes in the new house by about $2200 a year.