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 When the value of your home is less than the town's valuation...

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terrybohax
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PostWhen the value of your home is less than the town's valuation...

I know this question can be asked to the Town Assessor or the Tax Collector...but what do homeowners do when the value of their home is now less than the town's recent valuation? I've never been in this situation before Shock Thud ..do I file for an abatement of some kind? Do I need to ask for a re-assessment of the property? Isn't everyone going to be doing this???
Could this significantly affect this year's revenues from property taxes?
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When the value of your home is less than the town's valuation... :: Comments

If I understand it correctly the town uses your 2007 value, which is what state law mandates. So you can ask for a re-assessment, but they don't have to get if to you, and I think the burden of proof falls to you, not them. But trust me....you are not the only on in that boat. Neutral
 

When the value of your home is less than the town's valuation...

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