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Old 04-07-2010, 06:14 PM
 
1 posts, read 992 times
Reputation: 10
Default $1 Assessment for house! Bad or good?

The house i'm looking at buying is assessed at $1 though it's obviously selling for much more. What can this mean?
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Old 04-07-2010, 11:57 PM
 
48 posts, read 106,400 times
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I don't know what that means...I've never seen it. The assessor for the municipality could tell you though. Give him/her a call.
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Old 04-08-2010, 02:46 PM
Status: "Game recognized game from the start" (set 22 days ago)
 
30,328 posts, read 35,043,311 times
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Where is it located?
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Old 04-08-2010, 06:05 PM
 
Location: Old Forge, NY
585 posts, read 1,422,028 times
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Is it a typo? Yeah, definitely call the assessor.
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Old 04-09-2010, 10:21 AM
 
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I'd do a google search of the current owner's name and see if there is some sort of exemption or s/he is/was an important person with special priviledges.
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Old 04-14-2010, 05:38 AM
 
48 posts, read 106,400 times
Reputation: 19
If the municipality where the house is located has a "real property" webpage, exemptions would show up on that parcel's description.
But calling the assessor's the shortest distance between question and answer.
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