Wave3 reports that a local man received quite a shock recently when he opened his property tax bill. Property taxes are due at the end of the year around the Louisville area, and when this owner of Louisville real estate opened his latest bill, he knew that something had to be amiss. Or at least he hoped so. The man owns a rental property on Bicknell Avenue that he estimates is worth around $48,500.
“The tax bill we get 12 months later is $94,210. I can tell you there’s not one house in this area that’s in this condition, and in this shape and in this area that has sold for that amount of money,” he said.
The Louisville real estate owner felt that the value of his home and those near it had been assessed incorrectly, and he appealed the assessment to the Property Valuation Administrator.
“On a majority of those properties they agreed because we had the comparable analysis of properties that sold in that area,” the owner said.
When the 2008 property tax bill came due, the owner said that he paid taxes consistent with a home of lesser value, but when the bill came 12 months later, it reflected a much higher appraised value. The Louisville real estate property owner also owns a house on Kahlert Avenue that also saw a steep appreciation in value and tax assessment. The man appealed to the PVA to reassess his properties, but got no response. He then contacted a local television station to investigate the situation and received a call from the PVA shortly thereafter promising to review his properties.
Are you thinking about buying Louisville real estate? Hopefully you won’t have to contact the PVA for an evaluation. Instead, call Louisville Properties at 502.744.9504 and have Jim Powell evaluate the homes in the neighborhoods and price range that you want. No one has a more complete listing of real estate in Louisville.
