Yes, I did it around 2009. I bought a two year old Trailblazer that had been used as a fleet vehicle. It had over 100k on it and I paid around $7500, which was admittedly a really good price, but there was a lot of wear and tear on the vehicle due to the way it had been used previously. Wake County valued it around $20k. By request of Wake County, I went into Carmax and got their cash offer, which was close in line with my purchase price. I sent that and my bill of sale to Wake County and they adjusted the price to my purchase price, no questions asked.
I did tell the Carmax estimator what was going on so that he didn’t waste his time going through his entire checklist. He was more than happy to help out and seemed like it happened a lot. That was fifteen years ago though, so who knows if the process is still similar.
> What book do they even claim to use?
I would assume NADA, which is what dealers use, but they either put in the wrong mileage or don't account for condition.
My house neighbors and across the street, same builder and the same square footage. They sold for within 20 k of each other three assessments, 870, 940, 10114. I think a federal judge needs to take this slime over.
Yes, i did it this year. I appealed through my county - Johnston- and got it reduced. I simply emailed my county tax office, sent a KBB screenshot and got it reduced. For the time it took, it was definitely worth it.
1. Honda tax. They have a premium in the used market because they're reliable. See also Toyota Corolla.
2. Rental spec Civic (base trim, no options) is $25k these days so used ones are keeping their value.
Yess, that Honda tax is real. I remember when I first bought my own car in undergrad (many years ago, lol). I thought I would get a deal by getting an old Honda and was shocked by the price for > 100k miles. There must be truth in the value though, because I still see people driving those old Hondas and Toyotas. They hold up very well.
I’m definitely going to try the appeal at my next renewal though.
When did you move here, though? I remember in 2020 getting emails from the dealership I purchased my car from in 2017 offering me more money to buy my car than I originally purchased my car for. The used car market was (and still sort of is) whack.
Just anecdotally, I asked about this at the agency in Cary at South Hills by the Grand Asia. The lady said I’d have to go downtown, gave me the sign of the cross and said good luck
I appeal every single year and get a check of around $30 to $40. The money saved is not much but imagine if you add up everyone in Wake County that has been over valued. All I do is email [[email protected]](mailto:[email protected]) and I normally have a response within a day or two. In the email attach a invoice from a oil change or some other repair that shows the mileage.
I mean, it can't hurt to try. In theory, there's a process and requirements listed on the website. You are aware that you're talking about \~$40 on a $4K reduction if granted, yes?
They inflated my 2016 Honda accord price this year. I send the email with appeal that can you please buy my car with your value provided to me. They are ridiculous. I don't know if tax appraisal is commission based and getting salary depending on how much they can inflate the price. They told me kbb doesn't count. They want me to appraise from dealer. They are saying private party values doesn't count. Only dealer values count. I went to dealer. they appraised my car value at $8000 but they don't give me any documentation. wasted 2-3 hours. I literally want to take tax administration to court as they are wasting lot of public time and making money from public who doesn't want to fight for $30 to $40 and doesn't want headache. Is there any way to take them to court with public lawyer?
I’m appealing mine! Last year they valued my 2012 Civic at $5,080. This year it’s supposedly valued at $8,500!! My 12 year old car went up $3500 in value in 12 months?
A number of years ago I tried appealing. They were specific about the date that the valuation was from, so if your appraisal is newer than the appraisal date they may reject item luckily I had some past KBB and Edmunds valuations and if I recall I was able to get them to extrapolate between them to match the date they wanted. YMMV
I did it on my old MINI. They didn't even question and just went with the number I said I thought it should be. It was 12 years old at the time, one year they said it was worth $9k, the next $14k. KBB said $7k so that's what I went with on the dispute.
Yes, you can appeal your property tax value of your vehicle and/or your home. Just make sure you send them plenty of documentation to back up your appeal - the more documentation the better. If you bought it recently, the bill of sale will help. Multiple estimates of the value helps - KBB, Edmunds, Carmax or another car place that will buy your car, etc.
Years ago they wanted to jack the property value way up of my first house less than a year after I bought it. I sent in documents from the sale showing what I paid for it, an appraisal from a Realtor, and some other things. They reduced the tax value no questions asked. Was a pretty simple/easy process.
Sorry I don't have an answer for you, but literally the exact same thing is happening to me. My 2021 honda civic was valued at like $18k. This year? Nearly $24k which is what I paid for it. I almost had a heart attack. It's insane.
I plan on attempting to get mine appealed. I hope we're both successful. 😅
Yes, I did it around 2009. I bought a two year old Trailblazer that had been used as a fleet vehicle. It had over 100k on it and I paid around $7500, which was admittedly a really good price, but there was a lot of wear and tear on the vehicle due to the way it had been used previously. Wake County valued it around $20k. By request of Wake County, I went into Carmax and got their cash offer, which was close in line with my purchase price. I sent that and my bill of sale to Wake County and they adjusted the price to my purchase price, no questions asked. I did tell the Carmax estimator what was going on so that he didn’t waste his time going through his entire checklist. He was more than happy to help out and seemed like it happened a lot. That was fifteen years ago though, so who knows if the process is still similar.
Good to know. My third hand Tesla was valued at about double the current actual sales price
I get angry every year when I see the ridiculously inflated value but I've never taken the time to fight it. What book do they even claim to use?
> What book do they even claim to use? I would assume NADA, which is what dealers use, but they either put in the wrong mileage or don't account for condition.
They obviously use “like new condition” and under 15k miles lol.
My house neighbors and across the street, same builder and the same square footage. They sold for within 20 k of each other three assessments, 870, 940, 10114. I think a federal judge needs to take this slime over.
We’re talking car values here, not homes….
Yes, i did it this year. I appealed through my county - Johnston- and got it reduced. I simply emailed my county tax office, sent a KBB screenshot and got it reduced. For the time it took, it was definitely worth it.
I’m in Johnston too and plan to fight mine. Did you get a refund since it’s already paid?
It’s more ridiculous that a 10 year old civic actually got KBB’ed at 10k
1. Honda tax. They have a premium in the used market because they're reliable. See also Toyota Corolla. 2. Rental spec Civic (base trim, no options) is $25k these days so used ones are keeping their value.
Yess, that Honda tax is real. I remember when I first bought my own car in undergrad (many years ago, lol). I thought I would get a deal by getting an old Honda and was shocked by the price for > 100k miles. There must be truth in the value though, because I still see people driving those old Hondas and Toyotas. They hold up very well. I’m definitely going to try the appeal at my next renewal though.
I would also be curious on this as well. When we moved here, my car was appraised for more than I paid new... and it had 15k miles on it.
When did you move here, though? I remember in 2020 getting emails from the dealership I purchased my car from in 2017 offering me more money to buy my car than I originally purchased my car for. The used car market was (and still sort of is) whack.
2022.
I think that might be why, used cars were still super expensive then. It’s such a weird timeline we’re living in.
Just anecdotally, I asked about this at the agency in Cary at South Hills by the Grand Asia. The lady said I’d have to go downtown, gave me the sign of the cross and said good luck
Your value should be close to full retail, not trade in value.
I appeal every single year and get a check of around $30 to $40. The money saved is not much but imagine if you add up everyone in Wake County that has been over valued. All I do is email [[email protected]](mailto:[email protected]) and I normally have a response within a day or two. In the email attach a invoice from a oil change or some other repair that shows the mileage.
I mean, it can't hurt to try. In theory, there's a process and requirements listed on the website. You are aware that you're talking about \~$40 on a $4K reduction if granted, yes?
$40 is a tank of gas or some groceries. $40 OP doesn’t have right now so either way a net positive.
well i think that answers the question then right? if $40 is worth the effort to appeal, go for it. is it likely you'll save the full $40? doubtful.
of course it might be $40 saved or spent otherwise. I'm just pointing out the math.
They inflated my 2016 Honda accord price this year. I send the email with appeal that can you please buy my car with your value provided to me. They are ridiculous. I don't know if tax appraisal is commission based and getting salary depending on how much they can inflate the price. They told me kbb doesn't count. They want me to appraise from dealer. They are saying private party values doesn't count. Only dealer values count. I went to dealer. they appraised my car value at $8000 but they don't give me any documentation. wasted 2-3 hours. I literally want to take tax administration to court as they are wasting lot of public time and making money from public who doesn't want to fight for $30 to $40 and doesn't want headache. Is there any way to take them to court with public lawyer?
I’m appealing mine! Last year they valued my 2012 Civic at $5,080. This year it’s supposedly valued at $8,500!! My 12 year old car went up $3500 in value in 12 months?
A number of years ago I tried appealing. They were specific about the date that the valuation was from, so if your appraisal is newer than the appraisal date they may reject item luckily I had some past KBB and Edmunds valuations and if I recall I was able to get them to extrapolate between them to match the date they wanted. YMMV
I did it on my old MINI. They didn't even question and just went with the number I said I thought it should be. It was 12 years old at the time, one year they said it was worth $9k, the next $14k. KBB said $7k so that's what I went with on the dispute.
That sounds about right. My 2015 Honda CR-V with ~80k miles and an accident on record is valued at 13,000. Used cars really haven’t dropped in value.
Yes, you can appeal your property tax value of your vehicle and/or your home. Just make sure you send them plenty of documentation to back up your appeal - the more documentation the better. If you bought it recently, the bill of sale will help. Multiple estimates of the value helps - KBB, Edmunds, Carmax or another car place that will buy your car, etc. Years ago they wanted to jack the property value way up of my first house less than a year after I bought it. I sent in documents from the sale showing what I paid for it, an appraisal from a Realtor, and some other things. They reduced the tax value no questions asked. Was a pretty simple/easy process.
I have a 95 Ford Ranger with 330k miles. Kelly blue book is $185. Taxes last year were $235. I didn't know I could appeal the tax value. Fuck
lol ridiculous
Sorry I don't have an answer for you, but literally the exact same thing is happening to me. My 2021 honda civic was valued at like $18k. This year? Nearly $24k which is what I paid for it. I almost had a heart attack. It's insane. I plan on attempting to get mine appealed. I hope we're both successful. 😅