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Reassessment Coming For Harmony, Kiantone

March 11, 2013

Residents of Harmony and Kiantone should prepare for property revaluation....

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Mar-11-13 2:52 PM

Been there, done that. The broker's opinion won't fly. Only a certified appraisal will work to prove value. Also, the taxes won't go up unless you paid more or improved the property, and they should go up in that instance.

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Mar-11-13 12:27 PM

Nice to have you share in the comments ListenUp. You're right. I should pay for advertising. Actually I do. I have paid adds running directly on the PJ website right now. I didn't mention that because my effort was to encourage use of the group not an individual. You are also correct about how the assessments are supposed to work. They basically take the budget and spread the responsibility evenly according to values. I didn't stats so, but I was speaking more from practical experience having been a property owner in several municipalities in NY and CT. When shifting from a partial to a full market value, many property owners experience an increase. Likely there are several reasons. My main point was that if they experience an increase they have a tool they can use. Now that the readers know your a real estate agent as well, possibly they will call on you for your expertise. Wish you success.

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Mar-11-13 10:38 AM

Nice advertisement for your realtor business. In the future you should pay for your advertising. You need to learn about the towns doing reassessments - when assessments go up and using the most recent budgets the tax rate is reduced. That is common sense and taught to the property owners. Being a realtor, I remember when the assessing office came to county realtor meetings and taught us that. You must have missed that meeting too, right?

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Mar-11-13 9:43 AM

As I read it, unfortunately this will cause a tax increase for many. Even if the assessed value remains the same, by going from 98% to 100% market value the tax would go up. The only way for the tax to go down is if the value goes down by the same 2%. One tool in grieving an increased value is a valuation from a real estate agent. They can use recent closed comparables to help get a market value.

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