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Posted: 3/12/2011 6:29:37 PM EST
The Town Tax Assessors Office has been all over the place with their assessments; I'm wondering if class action can be take against them for doing such an arbitrary, and piss-poor job? It seem as though they just started pawing through the roles and jacking up the value without ever looking at the property....hell the picture they have of the house shows a truck in the yard that I haven't had in six years.
Another thing that probably amounts to "he said-she said" Twice over the years I've contacted their office about reductions for service connected disabled vets, and they always said it didn't apply to me, then I printed the form and submitted it, guess what: I qualify. no telling how many thousands of dollars that cost us.

Not too long ago another County fired their assessor because they couldn't explain how they arrived at the figures they were handing out.....buddies skated by while others were spanked.
Link Posted: 3/13/2011 1:40:42 AM EST
[Last Edit: 3/13/2011 1:44:15 AM EST by kiotee]
FP
Its up to YOU to check
That being said, suing would take a long time and deep pockets. Government doesnt like loosing monies and the paperwork takes extra time
If you think your assessment is to high,some counties have online GIS. Makes it easy for comparison and grievance day

So make sure other vets (especially the older not so computer savvy) get the info

Link Posted: 3/13/2011 2:42:19 AM EST

Originally Posted By kiotee:
FP
Its up to YOU to check
That being said, suing would take a long time and deep pockets. Government doesnt like loosing monies and the paperwork takes extra time
If you think your assessment is to high,some counties have online GIS. Makes it easy for comparison and grievance day

So make sure other vets (especially the older not so computer savvy) get the info


I have been house hunting and I came across an odd situation regarding taxes on two houses I see listed near me. On one, the asking price is $699,000 and the taxes are listed as $11,300 (Todd Court, Glen Head). One block away the asking price is $998,000 and the taxes are listed as $11,800 (Ellen Court, Glen Head). So, either seller #2 is looking to make a $300K killing over the assessed value of his home or the system here in NC is really screwed up.
Link Posted: 3/13/2011 5:09:50 AM EST
The simple (not really) solution to this is to know the total combined taxes per thousand of assessed value for the area. When someone buys a property at a price above that assessed value the new assessed value generally becomes somewhere around the purchase price. That only applies if you are at full value assessment. But we are dealing with government so YMMV.
Link Posted: 3/13/2011 7:41:03 AM EST
Taxes in NY are all f;ed up and all over the place. I am running into the same situation.
Asking 699k - takes 7200
Asking 500k - taxes 8500
asking 550k - taxes 10500
property, asking 300k - Taxes 9000, WTF?
Gives me 0 confidnence in buying up here.
Link Posted: 3/13/2011 10:50:19 AM EST
Originally Posted By kiotee:
FP
Its up to YOU to check
That being said, suing would take a long time and deep pockets. Government doesnt like loosing monies and the paperwork takes extra time
If you think your assessment is to high,some counties have online GIS. Makes it easy for comparison and grievance day

So make sure other vets (especially the older not so computer savvy) get the info



I know it's on me, and I let it slip through, and supposedly they re-assessed everyone and will tax at 100% instead of 61% and while our taxes have gone down via exemptions, they've decided my house is worth 18K more this year than last.
While I expect the system is rigged in such a way that the "House wins" I want them to know that I'm not going to bend over and take it.
Link Posted: 3/13/2011 12:42:31 PM EST
Well I went and did some research in the county records for information on the two houses and figured out what is going. It does not appear to be the county but the seller of the second home:

First house:
Asking: $699,000
Taxes: $11,378
Assessed Fair Market Value for 2012-2013: $595,600 (2011 tax year)
Assessed Fair Market Value for 2010-2011: $657,600 (2009 tax year)

Second House:
Asking: $998,000
Taxes: $11,817
Assessed Fair Market Value for 2012-2013: $622,800 (2011 tax year)
Assessed Fair Market Value for 2010-2011: $700,100 (2009 tax year)

There is only a $27,200 difference in assessed valuation between the two hence the $439 difference in taxes. However, the seller of the second house is looking for $375,200 over the assessed value. Whatever they are drinking down the block I wonder if they are willing to share. It must really distort reality. Even the seller of the first house is looking for $100K over fair market assessed value. They still seem to be living in 2009.
Link Posted: 3/13/2011 2:30:32 PM EST
[Last Edit: 3/13/2011 2:32:15 PM EST by fp1201]
2010 assessed value:70,000 level of assessment 61% market value: $114,754 Tax liability: $1,814.

2011 assessed value:87,500 level of assessment100% market value: $87,500 Tax liability: $988.

How the hell they figured my house could sell for almost 115K is beyond me....nothing on my street has ever broken 100K

Of course this is nothing compared to what you poor bastards pay down State, but this is an area where dairy cows outnumber people, and the Village has one traffic light that starts blinking at 22:00
Link Posted: 3/13/2011 2:56:07 PM EST
[Last Edit: 3/13/2011 2:56:58 PM EST by BlackeeMcRifley]
Do yourself a favor and hire an appraiser before grievance day. Bring your appraisal (assuming the market value per the appraisal is lower than the assessed value per your town) and haggle with the assessor. A reasonable official should make an adjustment if you go in with a courteous and professional attitude and the appraisal is legitiimate and irrefutable. If it doesn't go that way, and you have deep pockets, or better yet, know a group of like-minded neighbors who also have deep pockets, consult an attorney. If your municipality has illegal or erroneous methods in their assessment process, you may have a case. THIS HAS NOT BEEN LEGAL ADVICE.
Link Posted: 3/13/2011 2:59:11 PM EST
Originally Posted By Aardvark:
Well I went and did some research in the county records for information on the two houses and figured out what is going. It does not appear to be the county but the seller of the second home:

First house:
Asking: $699,000
Taxes: $11,378
Assessed Fair Market Value for 2012-2013: $595,600(2011 tax year)
Assessed Fair Market Value for 2010-2011: $657,600 (2009 tax year)

Second House:
Asking: $998,000
Taxes: $11,817
Assessed Fair Market Value for 2012-2013: $622,800(2011 tax year)
Assessed Fair Market Value for 2010-2011: $700,100 (2009 tax year)

There is only a $27,200 difference in assessed valuation between the two hence the $439 difference in taxes. However, the seller of the second house is looking for $375,200 over the assessed value. Whatever they are drinking down the block I wonder if they are willing to share. It must really distort reality. Even the seller of the first house is looking for $100K over fair market assessed value. They still seem to be living in 2009.


Do not search for reason or logic in the methodology used by your municipality in its assessment process. Nor should you rely on statistical information or websites like Zillow etc. The only reliable way to dispute an assessment is with an appraisal by licensed, reliable, respectable appraiser.
Link Posted: 3/13/2011 3:17:48 PM EST
Originally Posted By BlackeeMcRifley:
Originally Posted By Aardvark:
Well I went and did some research in the county records for information on the two houses and figured out what is going. It does not appear to be the county but the seller of the second home:

First house:
Asking: $699,000
Taxes: $11,378
Assessed Fair Market Value for 2012-2013: $595,600(2011 tax year)
Assessed Fair Market Value for 2010-2011: $657,600 (2009 tax year)

Second House:
Asking: $998,000
Taxes: $11,817
Assessed Fair Market Value for 2012-2013: $622,800(2011 tax year)
Assessed Fair Market Value for 2010-2011: $700,100 (2009 tax year)

There is only a $27,200 difference in assessed valuation between the two hence the $439 difference in taxes. However, the seller of the second house is looking for $375,200 over the assessed value. Whatever they are drinking down the block I wonder if they are willing to share. It must really distort reality. Even the seller of the first house is looking for $100K over fair market assessed value. They still seem to be living in 2009.


Do not search for reason or logic in the methodology used by your municipality in its assessment process. Nor should you rely on statistical information or websites like Zillow etc. The only reliable way to dispute an assessment is with an appraisal by licensed, reliable, respectable appraiser.


And though I don't live in NY, I've found that pulling property assessments of those in power locally and comparing those increases or drops in value with yours and, when all else fails, bringing that up when theirs seem to be "outside the norm" works reasonably well. You do have to do a little legwork at the county bldg but it is public record and they can't deny you the info.
Link Posted: 3/13/2011 3:31:47 PM EST
Originally Posted By fxntime:
Originally Posted By BlackeeMcRifley:
Originally Posted By Aardvark:
Well I went and did some research in the county records for information on the two houses and figured out what is going. It does not appear to be the county but the seller of the second home:

First house:
Asking: $699,000
Taxes: $11,378
Assessed Fair Market Value for 2012-2013: $595,600(2011 tax year)
Assessed Fair Market Value for 2010-2011: $657,600 (2009 tax year)

Second House:
Asking: $998,000
Taxes: $11,817
Assessed Fair Market Value for 2012-2013: $622,800(2011 tax year)
Assessed Fair Market Value for 2010-2011: $700,100 (2009 tax year)

There is only a $27,200 difference in assessed valuation between the two hence the $439 difference in taxes. However, the seller of the second house is looking for $375,200 over the assessed value. Whatever they are drinking down the block I wonder if they are willing to share. It must really distort reality. Even the seller of the first house is looking for $100K over fair market assessed value. They still seem to be living in 2009.


Do not search for reason or logic in the methodology used by your municipality in its assessment process. Nor should you rely on statistical information or websites like Zillow etc. The only reliable way to dispute an assessment is with an appraisal by licensed, reliable, respectable appraiser.


And though I don't live in NY, I've found that pulling property assessments of those in power locally and comparing those increases or drops in value with yours and, when all else fails, bringing that up when theirs seem to be "outside the norm" works reasonably well. You do have to do a little legwork at the county bldg but it is public record and they can't deny you the info.


In my experience most assessors do not respond well to "look at this guys assessment, he has a bigger house and a huge garage and a pool why is mine more than his?!?!?" or "this guy's house is assessed low b/c he's your brother-in-law" etc. I still think a fair, accurate appraisal and a good attitude would serve most taxpayers better.
Link Posted: 3/13/2011 3:41:16 PM EST
Originally Posted By BlackeeMcRifley:
Originally Posted By fxntime:
Originally Posted By BlackeeMcRifley:
Originally Posted By Aardvark:
Well I went and did some research in the county records for information on the two houses and figured out what is going. It does not appear to be the county but the seller of the second home:

First house:
Asking: $699,000
Taxes: $11,378
Assessed Fair Market Value for 2012-2013: $595,600(2011 tax year)
Assessed Fair Market Value for 2010-2011: $657,600 (2009 tax year)

Second House:
Asking: $998,000
Taxes: $11,817
Assessed Fair Market Value for 2012-2013: $622,800(2011 tax year)
Assessed Fair Market Value for 2010-2011: $700,100 (2009 tax year)

There is only a $27,200 difference in assessed valuation between the two hence the $439 difference in taxes. However, the seller of the second house is looking for $375,200 over the assessed value. Whatever they are drinking down the block I wonder if they are willing to share. It must really distort reality. Even the seller of the first house is looking for $100K over fair market assessed value. They still seem to be living in 2009.


Do not search for reason or logic in the methodology used by your municipality in its assessment process. Nor should you rely on statistical information or websites like Zillow etc. The only reliable way to dispute an assessment is with an appraisal by licensed, reliable, respectable appraiser.


And though I don't live in NY, I've found that pulling property assessments of those in power locally and comparing those increases or drops in value with yours and, when all else fails, bringing that up when theirs seem to be "outside the norm" works reasonably well. You do have to do a little legwork at the county bldg but it is public record and they can't deny you the info.


In my experience most assessors do not respond well to "look at this guys assessment, he has a bigger house and a huge garage and a pool why is mine more than his?!?!?" or "this guy's house is assessed low b/c he's your brother-in-law" etc. I still think a fair, accurate appraisal and a good attitude would serve most taxpayers better.


True but then you pull all the local officials assessments and they seem to be "different" then yours in that they seem to be assessed in a more "reasonable" manner, it starts to stink of favoritism and that seems to be interesting to local papers and such. That doesn't mean that you shouldn't pull all the other local assessments near you with similar properties and see if you are being assessed more then they are. Pictures are always helpful. Local distressed eyesores that devalue property nearby are also good to include.
Link Posted: 3/14/2011 12:59:04 PM EST
A small house down the street from my apartment (in Binghamton) was on the market for forever for 80k... because it had 5k/year taxes.

The owner ended up renting it out because he couldn't sell it... I wouldn't buy an 80k house w/ 5k taxes either...
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