Nearly a Third of Past Year’s Home Sales Were Losses

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property tax

Town of Henderson NY assessor is in a black box somewhere. They increased market values for homes by an outrageous amount for 2009. My $38,000 garage is now worth 79,000, a 106% increase, which ups my taxes 93% this year. My home value went up 52%, upping the taxes 40.6%. Over the past 5 years the values had already increased 45-55% which was correct for upstate NY. Henderson NY is renowned for its corruption but this time they took it too far. I wish the media would investigate.

sue sheedy of NY @ Mar 12, 2009 16:28:22 PM

Should we assume that granite countertops do not provide market protection?

of @ Nov 12, 2008 15:43:59 PM

This is not much different from tech stocks in 2000---except that people were not living in their tech stocks and banks were not going broke from loan losses on tech stocks.

We've been bubbled. Which ain't much different from fooled and bamboozled. Go cuss out your nearest Realtor. He/she was supposed to know better and tell you better, but guess what? Not a single one did.

of @ Nov 12, 2008 15:41:16 PM

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The Home Front

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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