I found out here even with flat or declining home prices our township (NY home) is bumping the assessment value for homes. Last year I bit back, got an independent appraisal, retained a Real Estate attorney to make certain all documents were filled out correctly, and fought. State law is so slanted that I had to rove the township was grossly negligent in the assessment. I had all the comps, selling prices, etc. But still lost my battle (war goes on, however). So, I fall into the camp where I do not do things under the Raise The Value Of The Home premise. We do things for us, and hope it does not give the assessor an excuse to increase the base value any further!
Both my Legal Counsel and the person who did my assessment offered to do it again for no charge, and the attorney wants to go to the hearing next time. They are both as irritated as I am that despite excellent information and a good presentation I got shot down. In California my home I bought in 1979 has only seen an increase of 0.5% per year maximum as it can't be reassessed until it is sold. So out there I am coasting. We I to sell it the new owners would be paying more for in property taxes than my monthly mortgage was when I first bought the home! If, however, I do any construction that would increase the value the entire home could be reassessed, so I only replace things needed - like the driveway, sprinkler system, etc. Gil > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] Behalf Of Nicholas Geti > Sent: Thursday, February 08, 2007 10:35 AM > To: [EMAIL PROTECTED] > Subject: Re: [NF] Energy from a hot rock > > > > That's true, but it probably also increased the value of his house. > > Being able to sell a home with minimal heating/cooling requirements > > is a big plus. > > > > -- Ed Leafe > > I find that the argument of "raising the value of your house is a good > thing" to be extremely bogus. It only applies to when you sell > your house. > If you don't intend to sell your house for a long time, you don't want to > increase the value; it only raises your taxes which are never > recovered when > you do finally decide to sell. > > You should think of making changes to your home as a personal pleasure or > convenience thing, not that it raises the value of your house. I > get tired > of politicians and contractors using the argument that their > services will > raise my house's value. They are only trying to get something for > themselves. > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
