| Author |
Message |
    
Dpc
| | Posted on Wednesday, January 24, 2001 - 1:19 pm: |     |
I spoke at the meeting last evening so those of you who were there at 12:00 a.m. already heard this. And yes catching the 7:15 was definitely a chore this a.m.
I placed a bid on a house during the first or second week of Oct. We bid 425k for a house that was listed for 450k. We closed on the house on Dec 15th. My first glance at my new assesment came during my walkthrough the morning of the closing. The assesment that CVI planned to submit to the Town was 525k - 100k more than I paid. I felt like Hillary Clinton playing the futures market.
Along with the assessment notice was the number for CVI. I made an appointment for the first week of Jan. I met with the redhaired gentleman and showed him the advertisement for the house listing it at 450k and a copy of the settlement statement for 425k. He said the valuation consultant would make an adjustment.
I have not yet received my adjustment but looking at the info that Jerry Ryan posted my adjusted number is 474.1k. The information does not list the sale date of my property nor does it list the sale price. It troubles me that the date and the price are not listed as this is a comparable that others on my street and possibly those on Euclid (my property backs Euclid) could also use to dispute their own inflated assesments.
I have sent (via certified mail) a copy of my settlement statement to Ed Galante. I would hope that he would take action to change my assessment instead of forcing me to go through the appeal process. Presumably if this is a market value as of Oct. 1 and I purchased the house on or about that date, this is an appeal that they would probably lose.
The whole process seems troubling. I have only been a resident for a few weeks and this seems to be a very divisive issue. Looking at the numbers it seems that many houses in my area saw their numbers lowered in round 2. While the assesment numbers have dropped as one would expect the millage has been/will be increased. This has created even more discord between the East and the West (can we still use those terms) The problem now is that expectations were not managed effectively. Many people who saw their taxes drop will not see nearly as dramatic a drop as they had expected.
It would have been helpful for the town to actually receive all of the information from cvi and analyze the info before the new assessed values were sent to homeowners. I would think tax increases of 60-70-80% would be glaring as would massive reductions in other parts of town. They would have been able to foresee many of the problems we now face and possibly question the work of CVI, maybe check out recent sales. Just because you hire someone else to do the work does not serve as an excuse to pass through the results of that work without conducting any due diligence. |
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