The other set is a comparison to appraisal district values of other homes in your area. We are purchasing a quad plex near a university and the appraisal just came in low (85% of our agreed price, 79% of asking price. It typically lists all the details that the appraiser bases your home’s value on—so it needs to be completely accurate. It just means that it will make a loan based on the ratio agreed to in the contract at the appraised value. ... After all, there is no guarantee that if you walk away, the seller won’t receive a low or even lower appraisal from the next buyer’s lender. The appraisal report is the document that the lender will be reviewing. ... That may mean lower property taxes. DCAD will not be conducting any in-person protests. If that value is too high -OR- you’d just like for it to be lower, there may be a way for you to fight “the man.” Here’s a few quick tips on how you might be able to fight the tax assessment. Here are nine steps to dispute a low home appraisal: 1. And check with your appraisal district — some of them, including the Dallas Central Appraisal District, are closed due to COVID-19. Get a Copy of the Appraisal Report. Base Your Appeal on the Neighbors. Five Ways to Fight a Low Appraisal. Ask the bank or other lender to obtain a second appraisal if you are attempting to refinance a mortgage loan and the appraisal value has come in low. 9 Ways to Fight a Low Home Appraisal 1. A low appraisal doesn't mean the lender won't lend. The loan officer said any low appraisals automatically get sent in for review so we will see what happens, but I wanted to get prepared to fight. Sometimes the buyer's lender won't allow the buyer to give cash for the difference. First and foremost, you’ll need to educate yourself on your local government’s appeal process. If you fight when you're not deserving of a lower assessment, the appraiser and the tax board could actually decide your assessment should be higher. A homeowner who believes an appraisal is too low can appeal, but the chance of an appraiser changing it is very slim unless there is substantial evidence … Request a Copy of the Appraisal Report. If you’re comfortable with the value (or revised value) they were able to support with their evidence, you can simply point out in your hearing that your original notice was too high and that you’re now comfortable with the revised number. As a seller, you won’t have access to the appraisal report unless you request it. Check the tax assessments on your comps. If the appraisal comes in lower than your home's assessed value, include it in the appeal pack you mail to the tax appeals office. 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