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Thursday, February 14, 2008

The Extent of Over Assessment in Dutchess County, NY

I've been a Real Estate Appraiser in the Mid Hudson Valley Region of New York State since 1990. I have never seen assessed values and market values so far apart. EVERYONE in Dutchess County should check out what their assessment is and ask themselves: "Could I sell my property for that?" If the answer is "no", you are over assessed and need to prove that to your local assessor. The following is a list of CURRENTLY ACTIVE listings (homes for sale) in the Poughkeepsie, NY area of homes that are CLEARLY AND DEMONSTRABLY over assessed:

72 DELAFIELD ST. Poughkeepsie, NY. This house is currently on the market for $118,000 BUT IS ASSESSED BASED ON A MARKET VALUE OF $175,000. This house is currently over assessed by 32 percent!

250 MANSION ST. Poughkeepsie, NY. This house is currently on the market for $149,900 BUT IS ASSESSED BASED ON A MARKET VALUE OF $225,000. This house is currently over assessed by $75,000 or 33 percent!

34 SMITH ST. Poughkeepsie, NY. This house is currently on the market for $179,700 BUT IS ASSESSED BASED ON A MARKET VALUE OF $245,000! This is an over assessment of $65,300 or 27 percent!


CHECK TO BE SURE YOUR ASSESSMENT IS REASONABLE IN LIGHT OF THE CURRENT REAL ESTATE MARKET! I did not look very hard for these examples.

Call Rob of Appraisal Solutions at 845-797-3557 if you would like assistance in figuring out if you are currently fairly assessed or visit our website at:

www.PropertyTaxesTooHigh.Com

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