In my County within South Carolina real estate owners are now receiving their property tax bill for 2010. During the past several days clients have been calling to ask me why their homes "Fair Market Value" had increased, in one case, by almost one hundred thousand dollars and their annual property tax owed had increased several thousands of dollars. I could only tell them to appeal the Assessment because homes comparable in their neighborhood were being appraised by licensed Appraisers for less then their previous "Fair Market Value".
If the property tax bills my clients received were in error I would be the first to say, "mistakes happen" but today I was told that the bills were correct according to the County Tax Assessors Office. What are our government officials thinking?