Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
Assessments (by MAP [NY]) Jan 24, 2022 4:09 PM
       Assessments (by Ray-N-Pa [PA]) Jan 24, 2022 4:30 PM
       Assessments (by MAP [NY]) Jan 24, 2022 5:41 PM
       Assessments (by Hammer [TN]) Jan 25, 2022 7:35 AM
       Assessments (by jonny [NY]) Jan 25, 2022 3:38 PM
       Assessments (by Wilma [PA]) Jan 25, 2022 4:01 PM

Assessments (by MAP [NY]) Posted on: Jan 24, 2022 4:09 PM

Assessments are skyrocketing along with everything else. My assessment for my first duplex went up 49% this year. Yes we did rehab the interior as well as made the exterior safe and usable.

I did dispute the assessment and it went as far as the "board." I had a meeting with the committee and one of their questions was "are your tenants paying the rent?" and "how much are they paying?" which I felt had little to nothing to do with the assessment of the property.

Well at the time my tenants WERE paying the rent. Now one of them in that duplex isn't because "covid." Property taxes took a huge bite this year.

ARRGHH! --174.208.xx.x

Assessments (by Ray-N-Pa [PA]) Posted on: Jan 24, 2022 4:30 PM

Did your have a CMA, BPO or an appraisal?

Assessments (by MAP [NY]) Posted on: Jan 24, 2022 5:41 PM

Nope just the over eager assessor in that town.

Assessments (by Hammer [TN]) Posted on: Jan 25, 2022 7:35 AM

This is a common municipal "scam". The city/county is quick to have a new assessment done when property values go up. But reluctant to make any adjustments if they over value or values go down.

With a 49% increase it would be worth it to get 2 BPO's done from different Realty firms. Also look into getting an appraisal done. You should be able to get a BPO in a week or less, appraisals are taking 2-4 months in my area unless you have a connection through a title company.

We have a little 16x16 log cabin on our home property that we used as an office for 3 years. Decided to rent a bigger office in town and the cabin has been vacant for 4 years. County is taxing it as a commercial building and just went up again. I will be beginning the process of appealing the assessment in Feb. I estimate we are overpaying by about 400%.

Assessments (by jonny [NY]) Posted on: Jan 25, 2022 3:38 PM

I was thinking the same thing ... the cities, towns and villages as well as the counties all need funding and they are going to hit the landlords/homeowners.

They see that the rents are going up so they are looking to get their greedy little hands in the cookie jar too.

What they are NOT realizing is that once they do that, the rents go up more because the landlords are still NOT making the money... everyone wants to "help" the tenants but no one seems to understand that these things are not free. It's always the big, bad landlord that is at fault.

Assessments (by Wilma [PA]) Posted on: Jan 25, 2022 4:01 PM

I love my silly, deeply purple politically county that hasn't raised assessments in 30 or more years due to fear of voter lashback. All of my properties have been assessed the same for a very long time, as they were built in the 70s. The newer area housing has born the brunt of taxation. May it stay that way until we are ready to sell out and downsize!

Subject: RE: Assessments
Your Name:
Your State:

Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: