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Your home's assessment

Post by Dan Cummings - If it's not too late (and it shouldn't be)...you should take the time to review the assessment on your home, and if you think it's too high...call your assessor and schedule an informal review.  For several years now, Newschannel 9 has provided some in-depth coverage at this time of year on assessments.   My reporting on this topic THIS year showed me that more than ever, the assessors seem to be listening.   One example:  by Wednesday afternoon, in Fulton, the assessors had done just under 200 informal reviews with homeowners.  Fewer than 10 of those 200 people went on to file a grievance.  That means that during the informal, almost all of them were given a break in their assessment.  All of those people were able to convince the assessor that the proposed new value of their home was too high.  In some cases, the reductions granted at the informals were significant.  (Of course, that raises the question:  why was the new assessment set so high in the first place ?  And, you should ask your assessor THAT question, too...if it applies).
 
I heard similar stories coming out of Salina and Onondaga.  If you can make the case that recent sales of homes comparable to yours in your neighborhood are at prices significantly lower than the assessed value of YOUR home, you can talk the assessor down.  It's an inexact science, this business of assessment...but the bottom line is this:  the assessed value should be very close to what you could get for the house right now, if you put it on the market.  
 
Even if you didn't get one of those "change notices" or "impact letters" from your town or city this spring, now is the time to review your assessment.  Grievances in most municipalities must be concluded by late May or early June, and the new tax roll is set in stone by July 1-st.  (That's for the towns.  The city of Syracuse and some other municipalities work on different schedules).

Click here for our "Fighting Your Assessment" stories.
Published Thursday, May 01, 2008 6:30 PM by PHRankin
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Comments

 

linda said:

Village of Fayetteville.. last year, fought my assessment, based on homes like mine, and homes enlarged to be like mine, who were not even close to my assessment.  Yep, fought and won.  Came to the informal with photos, and addresses, and proof, and was able to keep my assessment the same as 2006, for 2007.  All my taxes were lower than 2006 in 2007.  This year, 2008, checked the tentative assessments, and it stayed the same.  In fact, per one of the office employees in the town of manlius,very few assessements went up this year.  If yours did, you would have gotten a notice.  It was worth the fight, and saved me money again this year.  See, sometimes you can beat the man.
May 3, 2008 12:33 PM
 

facefurny said:

As a former member of my town's Board of Assessment Review, I'd suggest that talking to the Assessor could be a waste of time.  Learn how to appeal your assessment properly, and you'll have a better chance of fairer treatment.

...and remember, while your assessment relates to your tax bill, there's not a direct correlation.  The formula is a lot more complex, so keep in mind that a change in assessment does not mean a change in taxes.
May 4, 2008 9:29 PM
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