Property Tax Appeal for Planned Unit Developments (PUDs)
TL;DR
PUD homes are assessed individually but share common areas, amenities, and HOA obligations. The assessor should not include the value of common areas in your individual assessment. Find comparable sales within your PUD as your primary evidence. If the assessor has inflated values by including shared amenity value in individual assessments, or if HOA fees reduce net value to buyers, present this data in your appeal.
How PUD Assessments Work
In a PUD, you own your home and lot, plus a share of common areas (pools, parks, trails). The common areas may be assessed separately to the HOA or included in individual unit assessments. Verify which method your county uses.
Common PUD Assessment Issues
- Double-counting amenity value. If the common areas are assessed to the HOA AND reflected in your individual assessment, you are being taxed twice.
- HOA fee impact. High HOA fees reduce the net value to buyers. A $400/month HOA fee effectively reduces what buyers can pay for the home.
- Comparing to non-PUD homes. Assessors should compare PUD homes to other PUD or HOA community sales, not to homes without HOA obligations.
Best Comparables for PUD Appeals
- Sales within your PUD (best match)
- Sales in similar PUDs nearby
- Sales in other HOA communities with similar amenities and fees
Avoid comparing to homes in non-HOA neighborhoods where buyers pay no monthly fees and have no restrictions.
Frequently Asked Questions
What should I know about property tax appeal for planned unit developments (puds)?
PUD homes are assessed individually but share common areas, amenities, and HOA obligations. The assessor should not include the value of common areas in your individual assessment. Find comparable sales within your PUD as your primary evidence.
How PUD Assessments Work?
In a PUD, you own your home and lot, plus a share of common areas (pools, parks, trails). The common areas may be assessed separately to the HOA or included in individual unit assessments. Verify which method your county uses.
What should I know about best comparables for pud appeals?
Avoid comparing to homes in non-HOA neighborhoods where buyers pay no monthly fees and have no restrictions.
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