On Wednesday, the "What You Get" feature in the Real Estate section of the New York Times was this: "$2.3 Million Homes in Florida, New York and Maryland." The $2.3 million home in New York is "an 1890 townhouse in Hudson," specifically 522 Warren Street.
Can the new owners pay for their own sidewalk repair perhaps?
ReplyDeleteWhy would anyone pay for their own sidewalks now that we socialized the burden across all residents? You must now wait until the central committee decides to allocate the people’s resources to your block. It’s basically like the roads now. You pay taxes and they’ll get done when they get done. Will this be an improvement? Probably, since the only alternative the city gave us was non-enforcement of individual responsibility. Hell, you don’t have to pay your parking tickets or tax bill either.
DeleteThe assessment is whatever the assessor left it valued it at. The FMV is a function of the equalization rate that the state hits us with annually because they assume the average assessment is below current market value. This helps prevent us from underpaying in comparison with our neighbor municipalities on shared taxes like county and school. But this further hurts those properties that have been recently unfairly assessed above their neighbors. It can also hurt our state funding distributions. We are so overdue for a citywide revaluation and should then maintain it annually with trending software like better run places do. This would prevent the constant inequities and political hot potato that the current administration hides from, and possibly benefits from, by temporarily shielding most residents from the full brunt of annual tax increases, only to hit them with a very large increase when your out of office and that person gets the blame.
ReplyDeleteI know, it's outrageous but in our society, the property is valued at whatever someone is willing to pay. My guess is that there was a market study and arrived at this offer. Now, let's see how it goes. Besides, a townhouse on Warren in renovated condition would sell in the million+ mark for a while now. What bugs me more is the charmless interior. HPC has no pull here unfortunately.
ReplyDeleteAnd I am going to pay for a new sidewalk in front of this bullshit
ReplyDeleteActually, you won't. The Sidewalk Improvement District legislation exempts volunteer firefighters from the annual sidewalk maintenance fee. Check it out: https://ecode360.com/41745634?highlight=district,districts,improvement,improvements,sidewalk,sidewalk%20improvement%20district,sidewalk%20improvement%20district%20district,sidewalk%20improvement%20districts,sidewalks&searchId=17725402463310883#41745634
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