Over the past few days Royalton residents have received their new assessments from the town. A lot of folks aren't happy.
I'm one of them.
I've got an old farmhouse on 5 acres of land. Back in 2003 the assessed value was $137,000. Then it jumped to $145,000. This year's value: $175,000!! Somehow, my house has increased in value by 28% in 5 years!!
I'm stunned. The housing disaster that's leading to economic decline across the US has proved that homes have been overpriced not underpriced. As a matter of fact, Standard & Poors reports that housing prices DROPPED by 8.9% in 2007. So, why are we going in the other direction? It's a known that the WNY economy always performs worse than the national economy.
How much did your assessment change? Hit the comment button below to start a discussion.
Luckily, we can contest the new values. Click this link to open a PDF of a letter from the assessor's office: http://www.geocities.com/bob_c14067/assess.pdf
I'm one of them.
I've got an old farmhouse on 5 acres of land. Back in 2003 the assessed value was $137,000. Then it jumped to $145,000. This year's value: $175,000!! Somehow, my house has increased in value by 28% in 5 years!!
I'm stunned. The housing disaster that's leading to economic decline across the US has proved that homes have been overpriced not underpriced. As a matter of fact, Standard & Poors reports that housing prices DROPPED by 8.9% in 2007. So, why are we going in the other direction? It's a known that the WNY economy always performs worse than the national economy.
How much did your assessment change? Hit the comment button below to start a discussion.
Luckily, we can contest the new values. Click this link to open a PDF of a letter from the assessor's office: http://www.geocities.com/bob_c14067/assess.pdf
