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#1545508 --- 04/02/20 04:34 PM
Re: Assessments up 13% in City of Geneva
[Re: Tacitus]
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Diamond Member
Registered: 12/19/04
Posts: 36250
Loc: USA
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Information on recent sales is not in any central location that I have found, and it's important that the sales examples be a close match to your property in size, number of bedrooms, etc. There is ample information on the cities website that directs you to the NYS website that has further information. There are real estate websites that go back three years with previous sales data that allows one to filter for the square footage, number of bedrooms, # of bathrooms, lot size, location... The city/county clerk and assessors office has all sales data A homeowner could call a local real estate agent to collect comparable sales data. A small fee may apply. Call an appraiser to get the value of the home. A few hundred dollars for most homes. The appraiser will get the comparables for the homeowner. The assessor can only base the value of the home by the exterior unless improvements have been made to the interior by a permit. If the exterior is in better condition compared to the interior than most likely the assessment may be too high. There may be a neighboring property that brings down the value of the home that the assessor may not have taken into account. If the assessment has increased by a significant amount it is in the best interest of the homeowner to contest the assessment
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#1547648 --- 05/07/20 09:44 AM
Re: Assessments up 13% in City of Geneva
[Re: bluezone]
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Member
Registered: 03/23/15
Posts: 380
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If by "on the rise" you mean the highest tax rates for the lowest school test scores, I agree.
Blue: "There are real estate websites that go back three years with previous sales data that allows one to filter for the square footage, number of bedrooms, # of bathrooms, lot size, location..."
So, again, when asked to actually support the assertion, above, nothing forthcoming, as usual.
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#1547871 --- 05/11/20 03:13 PM
Re: Assessments up 13% in City of Geneva
[Re: bluezone]
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Registered: 03/23/15
Posts: 380
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#1548335 --- 05/16/20 08:11 PM
Re: Assessments up 13% in City of Geneva
[Re: bluezone]
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Member
Registered: 03/23/15
Posts: 380
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I have not, and would not, offer a town property as a comparable. It's much better to use a city property for the reason that the assessor has just posted his own opinion of the selling price, the assessment, and he can hardly argue against his own work. It takes out the variables that need to be quantified, but can't: the obvious tax issue, but also the increased distances to services, a fire department with a core of paid professionals, police vs. sheriff, etc. [This is not a slam on volunteer firemen, or the sheriff, it's just some of the differences between City and Town.]
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#1549971 --- 06/06/20 04:40 PM
Re: Assessments up 13% in City of Geneva
[Re: bluezone]
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Registered: 03/23/15
Posts: 380
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#1553220 --- 07/27/20 06:28 PM
Re: Assessments up 13% in City of Geneva
[Re: Tacitus]
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Diamond Member
Registered: 12/19/04
Posts: 36250
Loc: USA
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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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#1554962 --- 11/01/20 10:18 AM
Re: Assessments up 13% in City of Geneva
[Re: bluezone]
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Registered: 03/23/15
Posts: 380
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#1555381 --- 11/12/20 07:49 PM
Re: Assessments up 13% in City of Geneva
[Re: bluezone]
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Registered: 03/23/15
Posts: 380
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