In my most recent post on the Joe Spake Blog, I discussed the unrealistic appraisals that many of my Midtown and East Memphis friends and I have received from the Shelby County Assessor’s Office. Well, you can settle for being irate, and complaining, but remember, if you don’t take some action through the review or appeal process, you will be stuck with your 2009 appraisal, and the resulting adjustment to your property taxes.
Remember, appraisals are supposed to reflect fair market value, which is commonly defined at what a qualified buyer is willing to pay and a seller is willing to accept in an arms-length transaction. If your 2009 value does not meet that test, its time for ACTION!
