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#1548566 --- 05/19/20 09:34 AM Re: Assessments up 13% in City of Geneva [Re: Tacitus]
bluezone Offline
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Registered: 12/19/04
Posts: 33445
Loc: USA
Investors overpaying for a home to convert it to a college rental does not inflate the values of other homes?

Did the assessor offer any reasons why your assessment went up?
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#1548580 --- 05/19/20 10:31 AM Re: Assessments up 13% in City of Geneva [Re: bluezone]
Tacitus Offline
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Registered: 03/23/15
Posts: 339
It does increase the value of homes, but he would need more than one, and a close match to your home, for it to be meaningful.

I started this thread to be helpful to others who weren't sure how to go about an appeal. I tried to get help from you, since you alluded to knowledge of a specific website for real estate sales information. You actually were just blowing hot air again, so I will turn my attention to other matters.

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#1548591 --- 05/19/20 01:24 PM Re: Assessments up 13% in City of Geneva [Re: Tacitus]
bluezone Offline
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Registered: 12/19/04
Posts: 33445
Loc: USA
Originally Posted By: Tacitus
It does increase the value of homes, but he would need more than one


There are plenty rentals in the city
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#1549971 --- 06/06/20 11:40 AM Re: Assessments up 13% in City of Geneva [Re: bluezone]
Tacitus Offline
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Registered: 03/23/15
Posts: 339

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#1552702 --- 07/21/20 07:44 AM Re: Assessments up 13% in City of Geneva [Re: Tacitus]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 33445
Loc: USA
Originally Posted By: Tacitus


Note that all appeals will be heard via Zoom.


By how much did you get the appeals to RAISE your assessment?
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#1552707 --- 07/21/20 07:56 AM Re: Assessments up 13% in City of Geneva [Re: Tacitus]
Formermac Offline
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Registered: 10/22/12
Posts: 18033
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Originally Posted By: Tacitus
It does increase the value of homes, but he would need more than one, and a close match to your home, for it to be meaningful.

I started this thread to be helpful to others who weren't sure how to go about an appeal. I tried to get help from you, since you alluded to knowledge of a specific website for real estate sales information. You actually were just blowing hot air again, so I will turn my attention to other matters.


Total fabrication, take the asking price or selling price of 2 identical new 2 story 2000 square foot home in Clyde New York versus the Town of Pittford NY, In theory you can sell that home in Pittford and buy an identical home in a less desirable rural setting but add a considerable amount to your saving account not to mention , paying cash for the newly purchase venue. Apples for oranges is not the case here.
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#1552900 --- 07/23/20 06:33 PM Re: Assessments up 13% in City of Geneva [Re: bluezone]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 33445
Loc: USA
Originally Posted By: Tacitus


Note that all appeals will be heard via Zoom.


By how much did you get the appeals to RAISE your assessment?
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"OUR COUNTRY IS IN MOURNING, A SOLDIER DIED TODAY."

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#1552918 --- 07/23/20 07:28 PM Re: Assessments up 13% in City of Geneva [Re: bluezone]
Tacitus Offline
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Registered: 03/23/15
Posts: 339
Haven't heard yet. There's always small claims court.

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#1553043 --- 07/25/20 09:25 AM Re: Assessments up 13% in City of Geneva [Re: Tacitus]
bluezone Offline
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Registered: 12/19/04
Posts: 33445
Loc: USA
I recommend a few appraisals in the other thread must be you did not go that route if you need a small claims case



Quote:
A homeowner could get an appraisal(s) from a real estate agent/broker as a means to contest their assessment.

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#1553173 --- 07/26/20 04:49 PM Re: Assessments up 13% in City of Geneva [Re: bluezone]
Tacitus Offline
Member

Registered: 03/23/15
Posts: 339
There are not many realtors licensed to do appraisals, the only acceptable version in a assessment challenge. And licensed appraisals are not cheap, being a % of the appraised value. On the other hand I can file a small claims action for $25.

Surprised more people don't use small claims.

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#1553220 --- 07/27/20 01:28 PM Re: Assessments up 13% in City of Geneva [Re: Tacitus]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 33445
Loc: USA
Originally Posted By: Tacitus
There are not many realtors licensed to do appraisals


It is just a matter of getting comparables.

Most agents can get comparables as they use that information when they put a home up for sale to determine the asking price

Brokers have the most experience/education


The larger firms have appraisers they call when needed

Your home owners insurance company should have contact to an appraiser to evaluate the value of one's home for insurance purposes

A bank that offers home mortgages should have contact to one to determine if a home is of equal or greater value for a mortgage
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#1553221 --- 07/27/20 01:40 PM Re: Assessments up 13% in City of Geneva [Re: Tacitus]
bluezone Offline
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Registered: 12/19/04
Posts: 33445
Loc: USA
Originally Posted By: Tacitus
And licensed appraisals are not cheap, being a % of the appraised value.


If the cost of the appraisal was recovered in less than 3 years in lower taxes it would most likely be a logical decision
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#1553225 --- 07/27/20 01:48 PM Re: Assessments up 13% in City of Geneva [Re: Tacitus]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 33445
Loc: USA
Originally Posted By: Tacitus

Surprised more people don't use small claims.


Getting proper comparables should not require going to small claims

The assessor should be convinced in the first meeting with him/her
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