Board of Assessors questionnaire - what to say?
I got this thing in the mail its a questionnaire from the town I bought my house in back in April. There is basically one question- Do you feel the price you paid for your house reflects the market value of it, if no explain. My first instinct is definitely not to say that I feel its worth more, foreseeing a possible reassessment of my property taxes. However, Before I simply say yes, I want to ask and see if anyone knows any reprocussions of saying yes. Also, Should I say no, I think the house is worth less than I paid for it? Any advice is appreciated... I'm just not sure what exactly they are looking to find out unless its purely a property tax thing.
It most likely is just for property tax purposes. If you answer no, they probably will reassess - however, there may already be a reassessment based just on what you paid.
Our house, bought in January, was previously assessed at $60K, and after they reassessed due to the purchase, they assessed it at basically what we paid (quite a bit more than $60K). The assessor's office sent us a questionnaire as well (before the new assessment), asking if any major repairs were required pre-sale or post-sale, what we paid, what our intentions were (will we live in it as our primary residence), etc.
It's a hard question to answer - you aren't a real estate mogul (I'm assuming), so how are you to know whether the price you paid reflects the "market value"? You made an offer to the seller, the seller accepted the offer, isn't that how the market is supposed to work?
I'd be inclined to answer Yes - you wouldn't intentionally overpay (significantly) for the house, nor would the seller intentionally undercut himself, right?
I assume they don't really want your opinion
They are going to re-assess or not based on...well what the board thinks or the town powers tell them to do
I'd call them up and ask why you have to fill out the questionnaire
Slick, I decided to do just that. I'll call them today at some point. I'm going to ask them if they have any other property they would like me to appraise while I'm at it. l ;)
Please post up what they say, I'm curious
Yeah maybe you should send them a bill for appraising your own house too
I dunno, maybe it's some local gov't employee or elected official's bright idea to increase the tax base, or to find out if their constituents feel their houses are under/over-valued for tax purposes?
I made the phone call. The guy was actually pretty rude at first.
I said something to the effect of "I got this questionaire in the mail, I'm not really capable of judging the value of the property accurately, would you like me to return it blank or disregard it?
The guy goes "well, its not really a hard question. Do you feel like you paid market value or not"
I said, "ok. I guess I could answer that. Just first I'll need to know what the market value actually IS so that I can make that judgement. Can you please tell me the market value of my home?"
He says "well how would I know? You bought the house"
I said, "well, by nature of the question here it seems as though the town is suggesting that what I paid for the house may or may not be representative of the market value, right?"
He replies "I guess that's what it means. Most people just answer something"
I said, "well, I guess I'm not most people, I dont' feel comfortable providing you with a statement based upon knowledge I do not have. Is this for taxation purposes?"
"of course it is" he says.
"well, would you like me to tell you what I think my taxes should be?"
"No, we'll handle that. You wouldn't be qualified to decide that."
"yet, I'm qualified to appraise the value of my home in relation to the other homes in a market that I moved into 3 months ago?"
"look, just throw the thing away, ok?
"You got it, thanks. Bye"
Wow, if that's not straight out of a British Comedy skit....
Be ware the goveronment is playing reverse psycology... Only investigating owners who
do not answer
saying they think they paid too much
may be the best answer I will do is:
I think I pay a fair price if you don't want any change on your property tax...
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