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#338418 - 05/18/10 04:26 PM Re: Question about Assessed Value Vs price? [Re: Perky_REALTOR]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4726
Loc: Vermont's North-East Kingdom
Rigged up the "Vermont Way", we all get Re-Assessed, whether we need it or not, any time the Town's CLA deviates from the norm, triggering the Re-Appraisal Mandate from the State. That just guarantees that everyone gets attended to, not just those who just bought or just built, or pulled some kind of Building Permit, all official-like.

Some of these little Towns are now suffering from Re-Appraisal Whip-Lash, having been under-assessed 5 years ago as the bubble grew, and being forced to Re-Appraise the entire Town with an outside Firm to get the Assessments UP, and then starting 2 years ago when the bubble burst, finding themselves over-assessed, and having to hire another Firm to do it all over again to get the Assessments back DOWN.

So, for many little Vermont Towns, Property Taxes go for Schools, Highways, and Re-Appraisals . . . . in that order. If you leave Cookies and Hot Cocoa for the Outside Appraisers, they'll look kindly upon you too. They like that !
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#338420 - 05/18/10 04:42 PM Re: Question about Assessed Value Vs price? [Re: Vermont]
Perky_REALTOR Offline
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Registered: 11/27/06
Posts: 7685
Loc: PA
No offense, but Vermont (the state) sounds kinda like a PITA. LOL

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#338421 - 05/18/10 04:53 PM Re: Question about Assessed Value Vs price? [Re: Perky_REALTOR]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4726
Loc: Vermont's North-East Kingdom
Originally Posted By: Perky_REALTOR
No offense, but Vermont (the state) sounds kinda like a PITA. LOL

It's run by those Scalawags from New York . . . . like Bernie Sanders.

Someone recently rumored that Elliot Spitzer was coming over too.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#338649 - 05/20/10 12:56 PM Re: Question about Assessed Value Vs price? [Re: Vermont]
fl807 Offline
Member

Registered: 04/08/10
Posts: 13
Loc: Florida
Kinda hate to burst a bubble but not one really got it right, I called the county appraiser and they explained the home had a fire and it was worth 80k but had 74k in damages and a flood. It puzzled everyone.... figures!

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