Land Values
When we “feel like just a number,” we’re really just reflecting our uniqueness being ignored. We’ve long known we’re just a number to taxing bodies like DCAD … albeit one with a dollar sign in front. But recently, I’ve found we’re a percentage, too. In valuing property, DCAD calculates the total market value based on…
A reader writes: Tiffany, Can you protest a 2011 valuation on a substantive residential improvement value increase on an old home to offset a land decrease (the 2011 value is the same as 2010). No change in valuation from 2011 to 2010, but there’s no way the 2010 residential improvement was correct. Bruce, Absolutely. This…
A Reader writes: Tiffany, DCCD reduced land values and increased improvements in the Park Cities last year because the builders are out of the market here so land values actually did go down. They lowered land but increased improvements so there was little if any net effect. Most people did not pay attention to DCAD…
