I heard on the local news yesterday that the county I live in was going to announce their preliminary biannual 2009 home appraisals/assessments. They stressed that these were preliminary and of course if someone wanted to, they could contest the findings through the proper procedures.
Certainly, I didn't have a clue what my home's appraisal would be in their eyes. What I did know were two things.
---One, I knew the appraisal from 2007, before I owned the house.
---Two, we all know the state of the economy and the mess that the real estate market is in.
So, as you can see I was very surprised when the appraisal was $30,000 higher than in 2007. Of course, I attribute this to all of the hard work my family has helped me with over the past year and a half, giving validity to some of my crazy ideas.
Yet, this news is a double-ended sword. Receiving a higher appraisal makes us feel good; but the flip side is higher taxes. The only saving grace is those taxes can be deducted next year :-)
I thank my lucky stars that I have a place to call home, and I encourage all of you to take a few moments to access what you have too.