Discussion about this post

User's avatar
rawrtigerlily's avatar

Hey Joshua,

I just wanted to put something on your radar... it may or not "be a thing" yet.

But as I considered filing for a property tax appeal this year, I seem to have stumbled on a pattern of houses in my neighborhood owned by private equity rental investment groups seem to consistently be valued WAY lower than identical house plans in same subdivision... even ones that were purchased at a higher price within the last two or three years. How do you buy a house for $395,000 in 2023 and now have a tax appraisal of only $281,680. Meanwhile, my house that hasn't had any significant interior upgrades since it was built is supposedly worth $40,000 more this year than it was last year.

A house with my exact floor plan, owned by Progress Residential has a tax appraisal that's $100,000 less than the tax assessor came up with for my house. I don't understand how that's even possible.

I'm in the process of putting the data into a crude spreadsheet to see if my initial pattern seems to hold across the board.

Wouldn't it be SUPER EFFED UP, to find out, not only are these companies buying up houses by the thousands and driving up prices for both rent and purchases... but that they ALSO might be receiving preferential lowered tax assessments, resulting in lower tax liability?

I don't understand how these lower assessments can be in the county's interest. And it has me wondering if my local tax assessor (and potentially others) aren't being influenced in some way that benefits them personally.

Expand full comment
Angel L. Martinez's avatar

It’s challenging to read this all in one sitting, and that’s good because the stories are vivid and needed. It’s time to study histories of tenant struggles, whether it be through rent strikes or people teaming up with architects to save their neighborhoods (yes!). It’s going to be a hard struggle, but economic collapse will have to force struggling people to organize.

Expand full comment
25 more comments...

No posts