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I am about to go into the contract for a house in Hicksville, but this morning on Nassau County Department of Assessment's I found out that CDU - (Condition – Desirability – Utility) Codes for this property states Poor. The house was completely redone in 2005. I had done home inspection past Monday everything came out good except some very small cosmetics work.
Should I be of any concern with this CDU code of Poor or not? Please advice.
I would not be concerned at all. When Nassau County performs their assessments, all they do is look at the outside appearence of a home. Was the house in bad physical shape on the outside when they assessed it? What picture is showing on the assessment? Is it the way the home looks now? Or did the homeowners remodel it since that assessment was done?
My guess is it probably needed outside work and the homeowners remodeled it since that assessment. I would not be concerned at all, esp if you had a home inspection. Does the home, to a lay person's eye, look like it needs work or is it in good condition? Like I said, our home is now in MINT condition (we remodeled every inch of it, with very good quality workmanship and materials). Yet ours still has the old assessment stating it is just average, when I can tell in that our home is actually mint condition/excellent for our area. I found that they only seemed to give really great ratings to homes in very high end areas.
Thank you for the reply. The remodeled home pictures are shown in the assessment. The home inspection came out fine no major issue. I am going to call the home inspector and attorney to see what they want to say about it.
I am about to go into the contract for a house in Hicksville, but this morning on Nassau County Department of Assessment's I found out that CDU - (Condition – Desirability – Utility) Codes for this property states Poor. The house was completely redone in 2005. I had done home inspection past Monday everything came out good except some very small cosmetics work.
Should I be of any concern with this CDU code of Poor or not? Please advice.
Thanks
pk1700
Trust your own professionals. Don't worry about the town.
I have a rental house (St Louis County, MO) that is in excellent shape yet is rated "Poor" as are all the other homes in the area. I asked the assessor's office and they said it was nothing (really, if that it true what is the purpose of the rating?). One mile up the streets(my parents subdivision) they are labled as "Average" even though the houses are similar sized, same construction, etc. I believe it is part of the real estate "game", i.e. neighborhood profiling. Houses are also given a letter grade, A, B, C, C-, etc which again they cannot tell me what it is based on and when looking at the houses I don't understand how they are graded. Yet, in my neighborhood the CDU and grade seems to fluctuate by house. It makes no sense.
I'm sure "condition" factors into tax assessment for the property
That didn't stop them from increasing my taxes by 44.2% in 2005 and another big jump, 16.4% in 2009 (along with incremental increases). They compare my 2 bed/1 bath house on a slab with 3 and 4 bedroom, 1 and 2 bath homes with full basements. When I appealed they adjusted from the inital 50% to the 44.2%. Also, the computer can't be set to "mark" the property so it is not lumped with all the others once they have done an adjustment.
Even in a good market I couldn't sell it for what they say its worth. Of course, even though property values dropped, the assessment didn't, therefore taxes didn't drop.
I agree, might want to keep this quiet as I'm sure "condition" factors into tax assessment for the property.
I agree. If they remodeled and it's not factored into the tax assessment, leave well enough alone. I have laughed out loud at some of the things I have seen on that website.
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