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Old 01-10-2018, 11:52 AM
 
59 posts, read 60,816 times
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Hi, when looking for comparable homes to submit with my grievance application do the comparables have to have the same lot size? Im able to find homes that have the same structural similarities but a lot have smaller lot sizes.
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Old 01-10-2018, 12:29 PM
 
Location: East Northport
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The closer you can get the better. They will adjust for the smaller lot size and here on Long Island the land value vs. building value is substantial.
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Old 01-10-2018, 12:39 PM
 
59 posts, read 60,816 times
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Quote:
Originally Posted by TomMoser View Post
The closer you can get the better. They will adjust for the smaller lot size and here on Long Island the land value vs. building value is substantial.

Thanks for the reply! would you happen to know what the difference is between the equalization rate and the RAR when determining market value? Im so confused about this. The TOH equalization rate is .84 but the RAR rate is .71. Which one do they use to determine what my assessment should be?
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