I'm trying to clean up a 6 acre parcel of land in Greene County that was abandoned by a relative and "sold" to my Limited Liability Corporation.
Last year, line 1b. Gross assessed value of other residential property was $32,200 and 1c. other property was $3,400 for a total of $35,600.
Total liability was around $1000, tax cap reduced by $250 to $750.
I'm now paying someone to responsibly clean it up and haul away the old junk and trailers. My relative said that the tax would go down as soon as the trailers were gone. After studying the tax bill, I'm not so sure it will go down by any significant amount.
I have trouble believing the land alone is really worth $30,000. I'd guess the fair market value to be more like $15,000. Does anyone know if 1b includes some estimated value for the trailers, or if it's just the acreage?
Last year, line 1b. Gross assessed value of other residential property was $32,200 and 1c. other property was $3,400 for a total of $35,600.
Total liability was around $1000, tax cap reduced by $250 to $750.
I'm now paying someone to responsibly clean it up and haul away the old junk and trailers. My relative said that the tax would go down as soon as the trailers were gone. After studying the tax bill, I'm not so sure it will go down by any significant amount.
I have trouble believing the land alone is really worth $30,000. I'd guess the fair market value to be more like $15,000. Does anyone know if 1b includes some estimated value for the trailers, or if it's just the acreage?