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Posts Tagged ‘tax grievance’

How can you establish “proof” of the value of propertywhen grieving your taxes?

 To successfully grieve your assessment, you need to prove that the property’s actual market value is less than what the municipality states. To establish the value of your property the following information may be useful:

  • A credible appraisal of your property
  • Purchase price of the property, if recent
  • Offering price of your property, if recently listed for sale
  • Cost of construction, if recently built
  • Comparable sales (these are provided in an appraisal)

Most of the above “proofs” are time sensitive. Most assessor’s consider “recent” within 6-12 months of the valuation date depending on the type of house and market conditions. The valuation date for some municipalities can be up to a year prior to the grievance period. For example, the grievance period for Eastchester is 6/1/2011-6/14/2011 but the valuation date is 7/10/2010.

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In this blog Carol Vergara and Michael Fox look to share information about the real estate tax appeal process with homeowners and other real estate professionals. From Vergara Fox & Associates, LLC both Carol and Michael are experienced residential real estate tax representatives as well as residential appraisers. They serve the New York counties of Westchester, Rockland, and Putnam.

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