However, in 2016 HPD began denying benefits to buildings with average
assessed values of more than $40,000 per unit, a price point that would impact thousands of pre-1973 buildings that have been rent stabilized through the J-51 program for decades.
* Property tax petitions, which generally decrease
assessed value. (Homeowners typically petition the jurisdiction for a reduction in
assessed value.)
Exhibit I: Estimated and
Assessed Value of Taxable Real Property Estimated Actual Value Net
Assessed Value Fiscal Year 1995 7,593,398 885,899 1996 8,132,351 948,777 1997 8,233,296 960,554 1998 8,684,889 977,783 1999 9,941,294 1,013,240 2000 10,406,525 1,159,821 2001 10,557,947 1,241,098 2002 10,703,481 1,231,764 2003 10,703,481 1,248,743 2004 12,199,345 1,423,261 2005 12,794,634 1,492,750 2006 9,459,193 1,103,604 2007 11,674,784 1,362,097 2008 17,182,001 2,004,624 Note: Table made from bar graph.
They believe that the lagged relationship stems from the response between changes in market value and changes in
assessed value and from adjustments in rates applied to the
assessed value.
Meanwhile, if the assessed valuation is $1 million or more, the filing fee is 10 cents per $1,000 of the
assessed value, with a maximum filing fee of $5,000.
He presented his determinations to the County's board of assessors (BOA), which adopted part of the appraisal, but reduced the
assessed value of some of the parcels to $35,000 an acre.
"We believe debt service coverage should remain solid with taxable
assessed value increases compensating for the recent devaluations of land held by Georgia-Pacific, the former leading taxpayer," said Standard & Poor's credit analyst Lisa Schroeer.
In other large cities, the situation was diametrically opposite; for example, property in Valmiera was selling last year for an average of 7,700 lats, while the
assessed value was 10,800 lats; in Jekabpils the figures were 8,800 lats and 12,100 lats, respectively.
In the base year, either 1994--the year the SOH program was commenced, or the year the owner first qualified for the homestead exemption, the
assessed value will always equal the just value.
Do as Aharoni urges--don't throw away your
assessed value statement.
The three-story building, which sits at the junction of Interstate 95 and Route 101, has an
assessed value $9,251,000, according to listing agent Cushman and Wakefield of New Hampshire.
