Post on 30-Dec-2015
transcript
Why ParcelQuest?
Over 30 Years of Experience
Unique “Public / Private” Partnership
Reciprocal County Relationships
We Speak “County Property Data”
Property Tax Revenue
Property Tax Estimates Used to be SIMPLE
2% Plus Turnover & New Development
What Happened?
To understand the present…
We must look to the past
Bought 1988Tax: $2,710
Bought 1994Tax: $3,300 Bought
2005Tax: $7,100
Bought 1971Tax: $970
Typical Neighborhood in 2005
It is not just about ForeclosuresRelative to Assessed Value … It’s Complicated!
Foreclosures Reset to new Prop-13 base year values
Prop-8s do one of three… and two are bad!1.They can return to factored base year2.They can go lower3.They can stay flat and eventually turnover
Its no longer just about “The Appeals”
Commercial Appeals used to be “at-risk AV”Now… Everyone wants an appeal
-Tax Consultants assist Commercial property owners by presenting “comps” to Assessor
-The assessor uses a computer (CAMA System) to automatically calculate Residential Prop-8 values
Prop-8 Paradigm has the Same QuestionsBut New Answers
Do you have trend data for my City…?
Are there specific metrics I can follow…?
What will my assessed value be this year…?
If the Roll Closed Today …?
Bought 2009REO SaleTax: $3,710
Bought 2015Tax: $6,000 Bought
2005Tax: $7,600
Bought 2010Short SaleTax: $3,500
Typical Neighborhood in 2020