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Posts Tagged ‘property values’

Real Estate Recap: February 28, 2013

February 28th, 2013 Comments off

The University of Memphis has filed a $43.5 million permit for a 285K square foot residence hall to be built on campus. Click here to read the full details from Eric Smith with The Daily News.

According to the National Association of Realtors, pending home sales rose 4.5% in January to the highest level since April 2010. Click here to read the full story.

Eric Barnes, Publisher for The Daily News will be on Fox 13’s Good Morning Memphis show on Monday, March 4th at 8:45AM to discuss the 2013 Shelby County Tax Reappraisal and Chandler Reports’ 2013 Tax Appeal Kit. Click here for more information.

Be sure to register for our complimentary “Pulse Report” to receive the
latest updates on local real estate trends. Our February report will be
published next week. Click here to register.

Appealing Your 2011 Property Taxes?

March 24th, 2011 Comments off

It’s that time of year again!

Average home sales prices for Shelby County were up 0.6% from 2010 but many homeowners live in areas where home values have decreased including Arlington (down 5%), River Oaks 38120 (down 21%) and  Bartlett’s 38135 (down 7%).  Click here to review our “2010 Shelby County Sales by Zip Report”.

The following are some great tips and tricks for appealing your 2011 property tax appraisal value! 

  1. Keep in mind that you only have 15 minutes to present your case to the Board of Equalization. Be prepared and make sure you have all of the data that you need with you to prove that your property tax appraisal value should be lower based on 3-4 sales comparables from 2009 and 2010.
  2. Bank sales are are not permitted as viable sales comparables!
  3. If your home is surrounded by rundown and/or foreclosed properties that could be affecting your home’s value, take external property photos of your property and those closest to your home to show to the Board.
  4. If you have refinanced your home, or had a formal appraisal conducted on your property in the last 3 years, be sure to request a copy of the appraisal from the Certified Appraiser or the Lender.
  5. If you have not remodeled the inside of your home in the last 15-20 years, take photos of the original kitchen, bathrooms, flooring etc. This will aid in your appeal if most homes in your neighborhood have been upgraded or remodeled and resold at higher values.
  6. Be sure you are not in jeopardy of a tax increase! If your data shows that your property should be at a higher value than the 2011 rate, the Board of Equalization can RAISE the value for your property!

We are happy to review your current property appraisal value and sales comparables before you decide to appeal. Please contact Wendy Greenlaw at wendy@chandlerreports.com or 901-528-5273 for a free consultation.

You may purchase our $49 Tax Kit available at www.shelbytaxappeal.comto receive sales comparables for the past 2 years, your property’s Foreclosure Effect Report, access to The Daily News Online’s neighborhood report and more! Check out our free reports on the site as well!

Certified, professional appraisers can provide you a full analysis of your property and assist you with determining the fair market value of your home. Licensed appraisers have the education and experience necessary to give you an independent, impartial and objective opinion of value. You may click here for a list of local Appraisers.

November Home Sales Recap

December 3rd, 2009 Comments off

There were 1,154 total home sales for November, up 17% from November 2008.

Of those sales, 771 were Non Bank Sales up 47% from 2008 where almost half of the sales for the month were Bank Sales.

November sales totalled more than $144 million and the average sales price was $125,086, up 3% from October.

There were only 88 new home sales for the month, down 27% from the prior month.

ZIP Codes with the most home sales were: 38016 (Cordova North), 38117 (East Central/Poplar Perkins), and 38128 (Raleigh)

Click here to review our full set of Residential Market Trend reports.