"Do I Need an Appraisal For My Assessement Grievance?"

I've been frequently asked the question: "Do I need a real estate appraisal for my assessment grievance?"

The New York State form RP-524 (Complaint of Real Property Assessment) asks for 4 pieces of "evidence" for your reduction based on market value:


1. Previous sale information
2. Current Listing Information (have you tried to sell your house and for how much).
3. Comparable sales in the neighborhood.
4. Certified Real Estate Appraisal performed on the property.


You must offer AT LEAST one of these pieces of evidence. As you can see, an appraisal counts for a large part of the consideration, more if there isn't any convincing previous title transfer information, current listing information or comparable sales included in the RP-524 application. Obviously, you want to give them as much information as you can and give yourself the best chance in bringing your grievance to a conclusion that is satisfactory to you.

Adding a NYS Certified Real Estate Appraisal to your grievance package gives you the best chance at reducing your assessment by presenting the strongest case possible with as much evidence as possible.

I always find this question kind of akin to saying "I know I aced the multiple choice section of the test, so why should I bother with the essay portion?".
It's always best to not take any chances, do the best you can and TAKE THE ENTIRE TEST if you want to maximize your chances at a decent grade.

All that being said, there ARE some cases where an appraisal might be "over kill", but for the most part, go to your assessment grievance "loaded for bear" whenever it's rational to do so.

Rob Honders
WWW.PropertyTaxesTooHigh.Com