I hear all the time, “I am not over-assessed but my real estate taxes keep going up. Why?” The answer is complicated – who knew real estate taxes would be so complicated?
I then ask, “who told you that you are not over-assessed on your home [or factory or gas station or office]?”
I am often met with similar responses. If you got your answer from the Assessor or County website, it’s not going to give you accurate information. The websites are created by the Assessors and often have misleading information – old, undated and often wrong market values. You need someone experienced to guide you through the process. Due diligence is not only for Fortune 500 mergers. Good investigating skills will put you ahead of the game. Do it right and you will be rewarded with lower taxes or by the fact that you are being assessed correctly and are not getting taken advantage of by the system.
Oxford Property specializes in residential and commercial brokerage, employs over 400 active real estate agents and maintains 15 years of outstanding service in the industry. NYC Real Estate Firm
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