Town of Potsdam Assessments and Town Hall Proposal
Hmmm, Did assessment increases contribute to Potsdam town hall defeat? Well, yeah. I’ve talked to numerous people who were in favor of the town hall plan that switched at the last minute after seeing ludicrous and unjust elevations in their assessments. I, myself, paid way too much for my house, as I was under pressure to do so a few years ago, so I was already overvalued by about $12k, and then an additional dollop. The town assessor is completely out of touch with reality. Property values don’t go UP when the economy is shit and people are losing their jobs left and right. They go DOWN or stay status quo.
According to the State of NY, “The assessed value of your property and the assessor’s estimate of your property’s market value are listed on the tentative roll. Market value is generally defined as the price a willing buyer would pay a willing seller for a property in its present condition with neither buyer nor seller under pressure to act“. So, according to the Town assessor, I should be able to sell my house for almost $20k more than it’s actually worth. Wow. I wish they could find me a buyer because I’d vacate it tomorrow for much much less.
