Are you under water?

[Happy Panther]

speaking of underwater...

[2jakefansinva]

Yes, your appraisal is what maters and is much more accurate. Zillow is just an estimate on what your house should appraise for.

I had an agent tell me once it is based on the price (like) houses are selling for in your area.

[GRWatcher]

Bought mine in 1991 for $90,000 & I've seen the tax value as high as $175,000. I just laughed at that. The latest tax value is down to $154,000 which is a little more than where it was before the prices jumped. 1875 sq ft brick ranch, attached 2-car garage, built in 1972, nothing special. It's the location here in Statesville that counts.

[LiQuiD]

My property values actually increased last year by about 12%. Of course, that's due to location. Being in an area where 80% of the homes are $1m+ second and third homes helps a lot.

And my wife and I refinanced last year to lock in 4.675%. Sweeeeet!

Edit: Just want to make clear that my property is appraised at $190k, I'm nowhere as comfortable financially as my neighbors.

[Samuel L. Jackson]

My property values actually increased last year by about 12%. Of course, that's due to location. Being in an area where 80% of the homes are $1m+ second and third homes helps a lot.

And my wife and I refinanced last year to lock in 4.675%. Sweeeeet!

Edit: Just want to make clear that my property is appraised at $190k, I'm nowhere as comfortable financially as my neighbors.

You missed a great opportunity to claim:

"Underwater? I AM water!"

get it?

wokka wokka...