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Updated over 9 years ago on . Most recent reply

User Stats

39
Posts
4
Votes
Lynn Maher
  • West Chicago, IL
4
Votes |
39
Posts

Property tax increase after appraisal

Lynn Maher
  • West Chicago, IL
Posted

Hello! 

I recently had an appraisal completed on my primary residence for a HELOC. While she was at my home the appraiser said she also sat on the board for property tax reviews in my town. I thought this was a conflict but the mortgage company assured me it was not. She appraised my house very high. 40k more than I expected. I was denied the loan because of debt to income ratio. Since then, I have gone to other banks and have since been denied for same reason and also because my home does not appraise high enough (they are just doing drive by and computer generated appraisals).

I have now received notice that my property taxes have been increased because the value of my home has increased. Doesn't this seem like too much of a coincidence? Can't get the loan and now have to pay more in taxes? 

Thoughts on if I should pursue fighting this?

Thanks so much!

Lynn

  • Lynn Maher
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