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NYC R/E taxes going up in a down market

Started by Holmes
almost 16 years ago
Posts: 72
Member since: May 2009
Discussion about
http://therealdeal.com/newyork/articles/a-tax-surprise
Response by jason10006
almost 16 years ago
Posts: 5257
Member since: Jan 2009

Bullish news! Housing only goes up, and the tax folks have proved it.

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Response by bob420
almost 16 years ago
Posts: 581
Member since: Apr 2009

Isn't there some sort of 5 year rolling basis for the assessed values?

I think if the gov't wants to increase the market value for tax purposes, they should have to purchase the property from the homeowner at the increased price if the homeowner chooses. If not, pay the taxes.

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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

> Bullish news! Housing only goes up, and the tax folks have proved it.

lol

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Response by 30yrs_RE_20_in_REO
almost 16 years ago
Posts: 9880
Member since: Mar 2009

Just another case of people having no fucking clue about how the Dept of Finance Assessment process works.

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