San Bernardino County has decided that my 2003 RV-9A with the following features:
That I purchased for $50k in 2016 is now worth $141k because I added a Garmin GTX345.
When I challenged it, they showed me a 2020 sale of a 2015 comp with "factory new" engine, full IFR and autopilot (seriously a nice RV-9A) that sold in 2020 for $130k. They then used that as the 'base price' and added value for my engine being only 750 hours SMOH and for my oh-so-great instruments (the new GTX345).
How do I challenge this? When I challenged their assessment I'm told "We are standing by our assessment." Their 'aircraft guy' seemingly don't know anything about aircraft. Apparently pointing out ads (what few there are) isn't enough, I have to show sales, but online ads (what few there are) disappear as soon as the aircraft is sold.
Does VAF keep a database or record of sales prices in the ads?
If not, how does one get RV values in a reasonable fashion?
- 60 year old 150 HP engine (750 hours SMOH)
- No autopilot
- No IFR capability
- Not even a wing leveler
- Steam Gauges
That I purchased for $50k in 2016 is now worth $141k because I added a Garmin GTX345.
When I challenged it, they showed me a 2020 sale of a 2015 comp with "factory new" engine, full IFR and autopilot (seriously a nice RV-9A) that sold in 2020 for $130k. They then used that as the 'base price' and added value for my engine being only 750 hours SMOH and for my oh-so-great instruments (the new GTX345).
How do I challenge this? When I challenged their assessment I'm told "We are standing by our assessment." Their 'aircraft guy' seemingly don't know anything about aircraft. Apparently pointing out ads (what few there are) isn't enough, I have to show sales, but online ads (what few there are) disappear as soon as the aircraft is sold.
Does VAF keep a database or record of sales prices in the ads?
If not, how does one get RV values in a reasonable fashion?
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