Property tax assessment (Fort Ann, Hope: real estate, 2009, house)

[Fearringtonflash]

I recently moved from out of state and bought a house this past summer in Saratoga County. The current assessed value for property tax is approx. $35,000 more than what I paid for it. Is it normal for the tax-assessed value to be that much higher? Is the actual purchase price a basis for appealing the assessment next spring?

Thanks for your help!

[Ellwood]

You have a right to appeal your assessment. Do your research and if the appeal is denied you can take them to small claims court. Unfortunately the assessments tend to be all over the place. A house down the road from us with more property, more square footage is assessed lower. I think it is a good old boys syndrome. You can do some research at:
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[Fearringtonflash]

Originally Posted by Ellwood

You have a right to appeal your assessment. Do your research and if the appeal is denied you can take them to small claims court. Unfortunately the assessments tend to be all over the place. A house down the road from us with more property, more square footage is assessed lower. I think it is a good old boys syndrome. You can do some research at:
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Thanks--I still find it totally confusing!

[LW Harrison]

[SIZE=+1]I have posted a web site at www.hitax.info concerned with perceived excessive assessments in Fort Ann. The sites main objective is to demonstrate differences between 2008 - 2009 data.
The charts list plot sizes both for length times width and in acres. Not all data is provided for both years for plot sizes. My goal is to have the information distributed to a large population so that others may compile detailed comparative data. Hopefully my data will be found to be constant with larger samples. In replies please use the subject line - hitax assessment -. I also do not link my email to avoid mail harvesters.
[/SIZE][SIZE=+1]Find your assessment value per foot by length times width and by acre. First look at the dollar figure of your assessment, then see which dimension is applied for calculation of your plot.There may be up to four values for the years 2008 and 2009. This is the result of values being "floated" to obtain equality of the measurements.

To determine assessment amount per Sq. Ft. divide the quoted assessment by the total square feet by the assessment amount.

Example: $106,144 / 15,000 Sq.Ft. = $7.076 Per Sq. Ft. Then from the chart below:

Add $5.00 and $2.00 as . 87,120 + 217,800 = $ 304,920 is the total assessment per acre.

To find the number of square feet per acre multiply the posted value by 43560. Less than 1 will yield less Sq.Ft.,over 1 more than 43560.

Assessment = $ Sq. Ft. Assessment Value = acre

$ 1.00 $ 43,560
2.00 87,120
3.00 130,680
4.00 174,240
5.00 217,800
10.00 435,600
15.00 653,400
20.00 871,200[/SIZE]
[SIZE=+1]Thanks. Roy
[/SIZE]

[ss20ts]

Welcome to NY! You have a VERY short period of time to appeal you reassessment. There's forms you need to get from the tax office and file. Many times you won't win.

Real estate prices are continuing to rise. We never had the big boom many other places had. Saratoga County is the wealthiest and most expensive county to live in the Capitol Region. You taxes will increase every year and you'll be reassessed every few years if not yearly as well.