Danno77 said:Well, uhhhh, if I say "Yes, really" would that make you come out to look?
Geez, Danno, if you really want me to come out and help you figure out your walnut, all you have to do is invite me. :lol:
Danno77 said:Well, uhhhh, if I say "Yes, really" would that make you come out to look?
Battenkiller said:I'm told they can't just reassess an individual home around here, that they have to do it by the entire area
That's when you see contracts for "10,000 plus cash in hand." being submitted to the courthouse, but different contracts in the hands of the seller and buyers. I'm no lawyer, so these things are beyond me, but from looking at abstracts on historic properties, that seems to be quite common. Probably only works for cash sales, not ones with bank loans because of their requirements.SolarAndWood said:Battenkiller said:I'm told they can't just reassess an individual home around here, that they have to do it by the entire area
I'd check on that. Most towns now go on market value and there is no better estimate than the closing that just happened. All of the towns here watch the closings. Funny thing though, they only automatically raise, you have to fight if you paid less than the assessment. I'm waiting for the day the towns inside the blue line go to the 3%+ norm. NY really needs to get a handle on property taxes.
DiscoInferno said:I can tell you what PT lumber smells like when it burns, as we quite stupidly burned some in a bonfire when I was a teenager. It was windy, and I suspect it shaved a few years off my life right there and then. Really, really nasty stuff.
SolarAndWood said:Battenkiller said:I'm told they can't just reassess an individual home around here, that they have to do it by the entire area
I'd check on that. Most towns now go on market value and there is no better estimate than the closing that just happened. All of the towns here watch the closings. Funny thing though, they only automatically raise, you have to fight if you paid less than the assessment. I'm waiting for the day the towns inside the blue line go to the 3%+ norm. NY really needs to get a handle on property taxes.
And with that green hue to his skin, he's half way to a Frankenstein Halloween costume.JimboM said:DiscoInferno said:I can tell you what PT lumber smells like when it burns, as we quite stupidly burned some in a bonfire when I was a teenager. It was windy, and I suspect it shaved a few years off my life right there and then. Really, really nasty stuff.
Sad, but the silver lining is you won't die of termites.
Woody Stover said:And with that green hue to his skin, he's half way to a Frankenstein Halloween costume.
SolarAndWood said:"Why did you raise my assessment from $99K to $150K"
"Because that is what you paid for it"
"But that raised my tax bill by $1500 compared to what the previous owner was paying"
"Yep. Next please"
joecool85 said:I dunno, we paid $54K for our house and land 3 years ago and it was appraised at $75K but the town only assesses it as $29K. So needless to say, our taxes are low, something like $400/yr or so
SolarAndWood said:I highly doubt that would happen here. A lot of people get into trouble when they buy a house because they don't know it is coming. The tax bill on the last house I sold went up 4 grand when I sold it.
Don't mean to get off in the weeds here BK, just be careful when you are shopping not to assume that what the seller is paying in taxes is what you are going to pay. It can make a big difference in your monthly cash flow.
SolarAndWood said:"Why did you raise my assessment from $99K to $150K"
"Because that is what you paid for it"
"But that raised my tax bill by $1500 compared to what the previous owner was paying"
"Yep. Next please"
ISeeDeadBTUs said:Actually quite simple in NY
Determine market value on July 1 of preceeding year.
Multiply that by:
1)Equalization rate
2)RAR (residential portion of equalization rate)
3)Uniform percent of value
In places where properties have been reappraised less than 40 years ago, all three numbers above will be similar. The result of this multiplication is about where you should be assessed. If this number is substantially higher than the assessment currently is of the house you are thinking of buying, that may be why the taxes are advertised as low on this house.
And SAW? maybe you need better representation ;-) Let me know.
Jimbo
Battenkiller said:...Hey mods... let's move this over to the Nook, eh? I'd hate to have to start this discussion up all over again with a new thread, but it never really was a firewood-related topic in the first place.
fossil said:Battenkiller said:...Hey mods... let's move this over to the Nook, eh? I'd hate to have to start this discussion up all over again with a new thread, but it never really was a firewood-related topic in the first place.
As you wish. Hang on, here we go.........
Jags said:fossil said:Battenkiller said:...Hey mods... let's move this over to the Nook, eh? I'd hate to have to start this discussion up all over again with a new thread, but it never really was a firewood-related topic in the first place.
As you wish. Hang on, here we go.........
That made me dizzy :ahhh:
Battenkiller said:...Now I feel kinda normal. %-P
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