Ok, a little background. As a lot of you probably know by now, I recently bought a house. Nice little ~1500sqft single-story on 1.7 acres (ridiculously huge lot for this area btw ). I paid $162,500 for it. Now, unfortunately, the last time the tax appraiser assessed it was in 2007, right at the peak of the real estate bubble. As a result, the assessed tax value was a whopping $352,270!
Naturally, I appealed it, for the sale price (didn't expect to actually get it that low, but hey, why not try, eh? ), and it was up for reassessment anyway, which helped.
Anyways, I just got the official assessment notice today, and the new assessed tax value is.. $206,000! That's going to translate to a $2,237 drop in my yearly taxes! $186 less each month! Hells yeah!
...they do have it listed at not a principal residence though... *grumblegrumble* ...have to call them tomorrow and get that straightened out...