Assessed Too High!

A couple of weeks ago I got a call from the town of Henrietta assessor's office. They asked me about a former listing that I had that was assessed at $145,200 but sold after 18 months on the market for $115,000. "The house didn't appear to be distressed. In fact, looking at the old listing it looked quite nice. Were we that wrong," the assessor asked?My professional opinion is that the house

Buying Based on Property Taxes

"The biggest disparity between New York and the rest of the country is the property tax."That's what the front page of today's Democrat and Chronicle reported! No sh#%t!!! I talk to people all the time that are considering relocating to New York and once they get a peak at the property taxes, well, I need to bring out the smelling salts! Case in point, last week I got a call from Costa Rico

Reassessment in the City of Rochester

We got the letters in the mail several weeks ago announcing a reassessment of all residential and commercial property in the city of Rochester during the next four months. There was a neighborhood meeting last night with good information about the assessment process.The city announced that on average, property assessments will go up 10 percent in order to have assessed values closer to market