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.. .you purchased the house for less than what it was last assessed at?
Say if the house was assessed at 430,000 in 2010 but you purchased it for 380,000 in 2012...
You asked "at closing," and it doesn't happen at closing automatically. I believe, after you close you have to file a tax grievance at a certain point of time.
Also, I think it all depends on # bedrooms, and baths and living space sq.footage, and they apply a factor to multiply in every district. They seem to always raise it irrespective of each house's value. It would be nice if they did what Indiana did, and only go as high max. of 1% of current market value.
...you purchased the house for less than what it was last assessed at?
Say if the house was assessed at 430,000 in 2010 but you purchased it for 380,000 in 2012...
If it were me, I would grieve the taxes. You have nothing to lose but some effort and a little time - with a potential long term pay-off!
But as a previous poster mentioned, it doesn't happen "at closing" - you have to apply.
If it were me, I would grieve the taxes. You have nothing to lose but some effort and a little time - with a potential long term pay-off!
But as a previous poster mentioned, it doesn't happen "at closing" - you have to apply.
Elke, if you do grieve the taxes, is there at any point a time when a village/town official would want/need to see the inside of your house to ensure the stated # of rooms/baths/backporch are accurate to their currently appraised/CO records? (for Nassau) thanks
Elke, if you do grieve the taxes, is there at any point a time when a village/town official would want/need to see the inside of your house to ensure the stated # of rooms/baths/backporch are accurate to their currently appraised/CO records? (for Nassau) thanks
Fortunately for many, grievances and CO issues don't mix
I have never heard of ANY instance where someone came to the house because taxes were being grieved.
...you purchased the house for less than what it was last assessed at?
Say if the house was assessed at 430,000 in 2010 but you purchased it for 380,000 in 2012...
Go to your Town and speak to the local tax assessor with your proof of purchase price in hand. Some occasionally grant a reduction without going through the whole process (if you talk to the head honcho).
But you should do it now,before the department is inundated with lots and lots of requests. If the assessor won't budge on the spot, go through the process; being able to prove your purchase price will be in your favor - unless it was a short sale or bank owned property.
Fortunately for many, grievances and CO issues don't mix
I have never heard of ANY instance where someone came to the house because taxes were being grieved.
TANGENT: The whole concept of "assessed value" is sickening. Unless the taxing authorities can find me a buyer to substantiate their figures, I say they find some alternative system of taxation.
*Instead, maybe EVERY home should pay a base of 3k in taxes - larger homes more - and the rest of the tax revenue could be determined by a general income tax - so renters, boarders, and freeloaders with jobs/pensions/income have to contribute something as well. I like this idea.
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