Sunday, March 19, 2017

Property Tax Assessment Appeals in Chester County





The property tax is used as a revenue source by county government, 14 school districts and most of the 73 municipalities in Chester County. It is the responsibility of the County Assessment Office to place a value on each parcel of land and any improvements (structures) thereon. Assessments are derived by assessors who are state certified under Pennsylvania law.

New Construction Assessment
The county assesses the value of a home when it is built.  They send an inspector to all new construction properties to determine the assessed value of the property.  The homeowner gets the first Tax bill (called the Interim bill) a few months after Settlement.  As all my new construction clients know, you definitely want to appeal the tax assessment when you get this bill, because new construction is always assessed too high. The letter you get from the county has the info on how to make the interim appeal, but you can also get more info here.  http://www.chesco.org/255/Assessment-Appeals.  Remember there is a time limit to making this appeal - and your letter will state what it is.

Resale Homes Appeal 
You don't just appeal taxes for new construction homes.  In a recessive market, when home values have fallen, it definitely makes sense to appeal the assessment, in order to lower the tax bill.  The process is very similar - go to http://www.chesco.org/255/Assessment-Appeals which answers a lot of frequently asked Questions.  The time frame to appeal in Chester county is May-July, they will not accept the appeals throughout the rest of the year.

The Process
The form is pretty easy to fill, you can download from the website.  There is a $25 fee, and you are required to give 3 comparable sales or a recent appraisal.   The form asks what you think the current Market value of your home is.  It does not have to be your purchase price.  Call or email me, and I will be able to provide you with 3 comparable properties required for the appeal.  No need to pay for an appraisal.  Ofcourse you only want to appeal taxes if your appeal is likely to lower your taxes.  If property market values have risen, you do not want to bring that to the attention of county officials.

Relation between Assessed value and Market value
How do you know if your property assessment is too high?  The county decides on a Common Level ratio (CLR) which determines the relationship between the Market value and Assessed value of a property.  Currently,  in March 2017, the Chester county CLR is 53.8%.  Which simply means that if the assessed value of your property (building and land) is $100k, its fair market value is about $186k. (100,000/53.8%)  Once you know the fair market value, it is easy to calculate the assessed value and vice versa.  All taxes are a % of the Assessed value, the Chester county millage rates are available here, so it is easy to determine if you are paying too much tax relative to your neighbors, simply do the math.

Hope that was helpful.  Look out for my next blog article regarding the savings thru the Homestead Tax relief.

Always making a difference...

Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
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Tuesday, March 7, 2017

ZILLOW REVIEW 2016

06/08/2016 - zqflower
Bought a Single Family home in 2016 for approximately $600K in Chester Springs, PA.



Bela is such a pleasure to work with! She has high level of integrity and is filled with passion to find the right house for me. Her knowledge of the area (being a resident herself) is extremely helpful when we first moved to Exton. She is action and results oriented and got me the dream house I  wanted through her dedication and hard work, despite multiple offers on the house. I could not be happier!! I trust Bela with her judgment and would have her as my realtor in a heartbeat if I ever need one again in future. 
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Response from Bela Vora on 06/10/2016
Thank you my dear. I am so excited we found this house that was just perfect for you! Once you saw the house and said "Bela make it happen", the pressure was on. With 8 offers on the listing - I gave it all I had. I look forward to coming over and sipping some tea with you, at your basement bar ;)


Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

ZILLOW REVIEW 2016

05/30/2016 - AmandaVarone Hooper
Bought a Condo home in 2016 for approximately $275K in West Chester, PA.



Bela was great. This was my first home purchase on my own and she was patient with explaining how things work and finding just the right house for me. I felt like she was looking out for my best interests and listened to what I wanted and needed. I would highly recommend!
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Response from Bela Vora on 06/01/2016
Thank you so much Amanda! You knew what you wanted, asked all the right questions and did your due diligence. Your trust in me was incredibly flattering. I am so happy you found this wonderful home which you will enjoy for many years. Congratulations!


Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

ZILLOW REVIEW 2016

05/26/2016 - hassmh
Sold a Townhouse home in 2016 for approximately $325K in Downingtown, PA.

Bela did a fantastic job coming in and getting the property sold after a very poor experience with another realtor. It was a difficult position for Bela to be in with months of history on the market and short timetable before I would need to convert to a short-sale, but with luck she secured a  buyer and negotiated successfully to avoid a short-sale and limit my cash-out to the budget I had given. I wish I had contracted with Bela at the beginning rather than losing months and many thousands of dollars wasted with the property sitting with another realtor. Bela's marketing and negotiating was fantastic, and I would recommend Bela to anyone, buyer or seller, for her openness, thoroughness, and responsiveness. She is a true professional realtor who will give it her all to ensure your satisfaction. 
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Response from Bela Vora on 05/27/2016
Thank you so much Mark! Somewhere there I was worried that it wasn't going to happen, but together we did it. Was a true pleasure working with you. I am so very happy for you and your family.

Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

ZILLOW REVIEW


12/13/2015 - mayurdate
Sold a Single Family home in 2015 for approximately $400K in Downingtown, PA.



Bela was very helpful in staging, listing and selling our home in Downingtown! She even coordinated few repair work. She was extremely good in communicating with me and potential buyers and also was very prompt in responding queries and working with my relocation company.



Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

ZILLOW REVIEW

11/10/2015 - Meghan Rath
Bought a Townhouse home in 2015 for approximately $225K in West Chester, PA.



Working with Bela was absolutely great! My boyfriend and I are (were) first time home buyers and were referred to Bela by a client of mine. Our first meeting with Bela was everything we hoped it would be and so much more than we expected. We went through some financial exercises to help us  narrow down price range, taxes, etc. as well as went through what aspects we valued in a home and location. Her attentive nature and organizational skills made us feel most comfortable with her and quieted any fears of breaching contract or experiencing anything but a smooth road to closing. We were never disappointed with Bela's advice or her desire to negotiate and "fight" for us. I could go on and on about Bela. I highly recommend her for anyone who wants a smooth home buying experience. I know we will definitely giving her a call whenever we decide to move again. 
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Response from Bela Vora on 11/12/2015
Thank you so very much! It is easy when have responsive and attentive clients like you and Ryan. Make lots of memories in your lovely new home! Best Wishes,



Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

For Sale - 3550 Augusta Drive, Chester Springs, PA - Byers Station Community







Beautiful brand new construction in Byers Station. Community has 2 swimming pools, walking trails, tennis and basket ball courts, many play grounds and tot lot. If your general impression about new construction is, the list price is the base price, just gives you the basic structure, and everything else is going to cost major extra $$ .... you should check this home out. It has hardwood, granite, tile, glass, stainless steel, upgraded lighting, an amazing mudroom with built-ins, which happens to be my favorite part of this property, and many  more amazing upgrades all included in the base price. Relax on the maintenance free deck, enjoy backyard privacy and great curb appeal. Connect to Rt.100/30/202/401/113, PA Turnpike and Septa/Amtrak train stations are within reasonable access. Move into this brand new home that is covered by builder warranties.

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Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

Friday, March 3, 2017

ZILLOW REVIEW


09/13/2015 - jakemalarz
Bought a Townhouse home in 2015 for approximately $275K in Phoenixville, PA.

I selected Bela as my agent to purchase of a house based on the glowing reviews of her previous clients. And I’m very glad that I did! Bela is very passionate about her job (you can tell that she is energized by it), and she truly cares about her clients’ needs. She will never push you to buy a  house just to close a deal. It’s more important for her that the house you buy is the right fit, and that you’ll be happy with it. She is also very savvy and knowledgeable about her field and other real-estate related fields (schools, property taxes, home inspections). And finally, perhaps her greatest strength, and the one most often mentioned by her clients, is negotiation. In my case she very quickly identified a motivated seller and a strong buyer dynamic and was able to negotiate the final price to be almost exactly what my first offer was. Because of all these great attributes, and because she often went above and beyond for me, I’ve been referring her to my friends (one of whom she’s already helped find and settle on a house). 
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Response from Bela Vora on 09/21/2015
Thank you Jake! It was a pleasure to work with you. No better compliment than your referrals - really appreciate them.

Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

ZILLOW REVIEW

08/07/2015 - rajrama
Sold a Single Family home in 2015 for approximately $525K in Downingtown, PA.


Very happy to recommend Bela as an excellent realtor. She is very responsive and tuned in to our interests, goes way and beyond in keeping us informed and guiding us in the process. A very responsible person who takes accountability, owns the process along with us. She made the process of selling  our home very smooth and her recommendations for staging and fixing were all relevant. Thank you Bela! Best wishes to you! 
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Response from Bela Vora on 08/10/2015
Thank you so much Rama! A very successful transaction, especially considering it was a tenant occupied property, and you were remote, in a different time zone. Shout out to my Stager and Photographer - great team!



Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin