Allied's Blog Page

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Hi Lola,Thanks for your question. You would take the total seaessmsnt of $118,500 and divide it by the tax ratio of 32.63, ($118,500 / 0.3263 = $363,162). This amount is what the assessor has as the market value of the home in question as of October 1, 2009. If you buy the house for $224,000 and it is not a foreclosure or duress sale, then there is a strong chance the home is over assessed. Of course you would need to search for other sales to support this. Your taxes are calculated by dividing the seaessmsnt by 100 and multiplying by the tax rate. Given the town ratio is 32.63%, there is a strong chance of a town wide revaluation in the short term. You can call the assessor in town and ask if they have a planned revaluation. As for the variance between sections of town, this is the result of a long term in between town revluations. The revaluation is supposed to smooth out variances like this.Hope this helps you