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Three Homes Sell this Week in Monroe

Two Condominiums and one house sell this week in Monroe.

9 Sterling Place, Monroe sold on January 10, 2012 for $250,000.  The condominium was sold by Agnes and Ronald Baker to John & Sallie Best Tr.

13 Tanglewood Circle, Monroe sold on January 24, 2012 for $205,000.  The condominium was sold by the estate of Michael Mathews to Janette Charles.

24 Alpine Road, Monroe sold on January 27, 2012 for $510,000.  The house was sold by Karen and Robert Scodari to Melissa and William Lardi.

Denise Canavan February 06, 2012 at 10:29 PM
As long as every house in the town is similarly over-valued for tax purposes, it doesn't matter. The valuations are just a way to divide up the total tax bill.
monroe taxpayer February 07, 2012 at 12:11 AM
Sorry but that simply does not make sense. That might make sense if they all were over valued by the same amount but they are NOT? So how is that fair? It seem that most of us are paying more then we should while a few are under valued are paying less?. It should and does matter when we are treating our citizens unfairly. In this economy every penny counts. Don't believe me, try shorting any of your bills by a few dollars. From what I can tell it seems most homes in Monroe are over valued by varying amounts and a very few are under valued. Please check yourself. Is it to much to ask to be taxed fairly and accurately?
monroe taxpayer February 07, 2012 at 01:04 AM
Here are more past examples from 11/07/11 to 12/21/11 time period, some are close some are very far apart. Most are over, a few are under. 71 Hidden Knolls Cir sold for $99,900 Assessor total value $135,600 61 Israel Hill Rd sold for $330,000 Assessor total value $360,800 6 Cedar Terrance sold for $216,000 Assessor total value $289,700 47 Hurd Ave sold for $320,000 Assessor total value $336,400 249 Porter Hill Rd sold for $235,000 Assessor total value $338,700 20 Lover's Lane sold for $460,000 Assessor total value $529,600 23 Bittersweet sold for $235,000 Assessor total value $269,500 58 Secret Hollow sold for $430,000 Assessor total value $496,700 These two sold for more then the assessor total value 58 Purdy Hill sold for $445,000 Assessor total value $431,000 7 Independence Dr sold for $460,000 Assessor total value $384,500 5 Historic Dr sold for $ 490,000 Assessor total value $507,100 Here is another that sold for more then the assessor total value 4 Wrabel Circle sold for $248,000 Assessor total value $240,900 22 Nutmeg Cir sold for $165,000 Assessor total value $220,000
Donna Gail February 07, 2012 at 02:52 AM
If you plan on selling your home some day, you don't want it to be under-valued either.
monroe taxpayer February 07, 2012 at 05:22 AM
Are you saying that in towns that have the highest property taxes every home has a higher resale value then in all surrounding towns? Doesn't what it cost in yearly taxes subtract from any profit you may receive, if your that lucky? So the longer you stay the less you gain? What about those who do not plan on selling their home and plan on staying? Again how is this fair or accurate? We as taxpayers and homeowners are suppose to be accurate why should we not expect the same in return? Or is it that WL totally correct ? ?
Steve Kirsch February 07, 2012 at 08:21 AM
Thanks to Monroe Taxpayer for some real data. Based on those numbers, the homes sold for an average of 91% of the appraised value. If you average only those that sold for less value than appraised, the accuracy is about 86%. Now consider that the last revaluation was two years prior (based on dates on the town’s web site) to these sales and the home values have been declining in this period and this accuracy does not seem too far off. Trumbull just completed their revaluation and it was reported that the average decline was 20%, so this is even greater than the 14% decline represented by these Monroe sales. So this quick look at the numbers would suggest to me that the appraised values were not really that far off the mark at the time they were made.
Walt Longmire February 07, 2012 at 12:34 PM
If that is the case why was the assessor's office overwhelmed by homeowners demanding to have their reevaluations questioned? Even two years ago home owners knew someone was dealing from the bottom of the deck.
monroe taxpayer February 07, 2012 at 05:48 PM
Thank you but I am still having a problem understanding this data and process, so please bare with me here. It seems odd that so many most homes are appraised for more then there selling price, while far less are appraised for less? If this is to be a fair how is it that most of us seem to be paying more then we should, while others are paying less? All by varying amounts? Can any of us pay 86% or even 91% of any of our bills and claim that was close enough? So why then with a tax on our largest investments and something that effect all of us, do we settle for "really not that far off"? Which leads to why is no one putting an effort into correcting this issue? We seem to have money, time and energy for every other issue but when it comes to being taxed fairly and accurately we clearly do not? Seems clearly wrong and suspect?
KikiMoon February 07, 2012 at 11:16 PM
My home sold in September for 80,000 less than what I paid for it 9 years ago. It was built in 2002, has 3.7 acres, very private, surrounded by woods w/ no chance for more homes built, hiking trails in back, central air....it took 18 months to sell and, as you can see, I took a huge hit. My home was way undervalued. No one wanted to live so far from the highway....10 whole minutes to I84.
Denise Canavan February 08, 2012 at 02:07 AM
If the houses are revalued to a lower price, the mill rate will just be raised to offset that. The town needs a certain amount of tax dollars (as determined during the budget process) and the house values and the mill rate are basically plug numbers to figure out how to spread out that tax bill.
monroe taxpayer February 08, 2012 at 02:15 AM
I understand your point and totally understand why you feel the way you do. I have had a very similar experience myself and we are not alone. I have a very tough time believing that home prices are falling due to our property taxes are not high enough That simply does not make sense. If it did then the towns with the highest property taxes would also have the highest priced homes .Also higher taxes subtract from any profit you may receive(if the market ever recovers and if anyone is still that lucky). What does not make sense is for everyone to just accept the fact that this process is inaccurate and unfair and to just say its close enough ?? Again why is it that we use time, money and energy on all other problems but this one? Isn't about time someone does address this issue ??
Kelley HC February 08, 2012 at 05:04 AM
I am living proof that the process is inaccurate and unfair. I have a 1300 sq ft home in Stevenson on .19 acres and pay $4,500+ in taxes. I appealed when the information in the office was deemed inaccurate (One example: I supposedly had central heat and AC, when in fact I have radiators. The house is 90 years old and opened with a skeleton key when we bought it.) Appeal denied. What do I get for my money? Recyclable pickup and schools. My road is a patched up mess so I have to bring my kid to another road for the bus, and we don't have sidewalks or street lights. It is a shame. My friends think I am nuts for buying here.
Kelley HC February 08, 2012 at 05:05 AM
Did the town get a refund from the appraisal service that completely screwed up a few years ago?
Steve Kirsch February 08, 2012 at 06:57 AM
Walt, according to information from the assessor’s office there were 130 appeals out of 7,840 accounts or 1.66%. I don’t think that is a large amount.
Steve Kirsch February 08, 2012 at 07:34 AM
Walt, why do you pick examples that make no sense? Are you suggesting they under estimate values by $25k and over estimate values by $100k? I find that hard to believe. You would be correct if you said that if your percentage change is greater than the average change you will see a greater impact. However, you would then have to consider what happens at the next revaluation, where you might be under the average.
Steve Kirsch February 08, 2012 at 07:45 AM
Monroe Taxpayer, falling home values have little to do with our tax rate. As to your issue of profit when you sell, I don't think most people look at it that way and as far as I know, taxes do not effect the cost basis of your home. There can be no such thing as an accurate number when you, the property owner, has some control over what you decide to accept as the amount for the sale of your home. Furthermore, all home appraisals are subjective. If you wanted to get multiple appraisals, you might be able to increase the confidence in the number, but I’m not sure it would be worth the cost.
Steve Kirsch February 08, 2012 at 07:49 AM
Monroe Taxpayer, unless you are suggesting that the town do a revaluation every year, then you have to accept the fact that even the best, most accurate, appraisal becomes outdated over time.
Christine E. February 08, 2012 at 01:47 PM
Kelly, My house is a 1957, no AC, baseoard heated, no updates, 1,000 sq ft. Slightly more property. Our taxes are close to 5,000. I hear you.
monroe taxpayer February 08, 2012 at 06:25 PM
Mr Kirsch Falling property values should be reflected when we are paying taxes on our property / homes we are being taxed on? . Yearly taxes to me anyway, seem to be nothing more then a yearly rent. And will subtract from any profit, and or will add to the loss, on the sale of every home. Over time that effect only increases. When property values were rising tax increases had a minimal effect, but now we have dropping property values and increasing taxes, so the homeowner are taking a double hit.. Is that fair? This is a totally different economic environment then we have ever had in the recent past. Should everyone just choose to ignore an issue that effects everyone? "There is no way to be that accurate"? Then how can our taxes be fair? Or is that no cares about fairness and only about the money involved? It about time that we find a way to do just that do to just that. How about allowing homeowners to get appraisals and have there taxes adjusted and not be just dismissed as if they do not matter? You said "all appraisals are subjective", I agree, Including the the assessors. Just look at what the data is saying. if need proof. Its about time we take our head out of the sand, stop making bad excuses and addre
Denise Canavan February 11, 2012 at 01:49 PM
The town COULD do an annual assessment, but it would not do any good. If the assessment is done properly and the assessed values fall in line with the market values, the mill rate will just have to go up that much more. The town and schools still have to run. The values and mill rates are just used to divide the tax burden.
monroe taxpayer February 11, 2012 at 04:43 PM
@Denise So your opinion is that being more up to date would not do any good? Even after the data shows there is a problem with the system we currently use? It sounds more like some are coming up with excuses to keep the current flawed unfair system in place rather then improving upon it? Your only and main concern seem to be funding of the town.government budgets. What about fairness to the individual families that make up the town? What about their survival and economic welfare, their family budgets?. Which brings us to ask. Just who should have priority here? The people who make up the town, or the government that was created to serve them? See I still believe people come first, not governments. Here an idea, maybe we should ask them and see what they think and see? Should we keep the same obviously flawed system? The current data proves, this system is unfair. Or should we try to make the system more to update, responsive and accurate, so everyone pays on their true current market value? Bet no one has ever even asked them? Its about time we did.
Denise Canavan February 11, 2012 at 04:58 PM
That's not at all what I am saying. I am saying that you are mixing two different issues - your house valuation and the taxes in town. Just because the value of our homes has gone down does not mean it costs less to run the town.
Denise Canavan February 11, 2012 at 05:01 PM
And how would you propose the town's tax bill be allocated if the current system does not work?
monroe taxpayer February 11, 2012 at 07:10 PM
Your view is that Its either fairness residents or the cost government? Fairness and service to the residents is why the government was created in the first place by the residents themselves.. If the individual families and taxpayer that make up the town and the government are being taxed in an unfair and unjust manner, just to run the town government that is a clear sign that something is very wrong and needs to change. The cost to run the government is an entirely different issue and is voted yearly by the residents. So why then should the bill be divide unfairly and inaccurately by the government that was meant to serve and represent them?
monroe taxpayer February 11, 2012 at 11:12 PM
It seems you want me to be taxed unfairly and also to do the work of the our elected representatives and employees? I can tell you this much It should be fair and accurately up to date. No one should pay more or less then the current value of their property. With current technology and software and with the help of the residents getting a appraisal why is this not possible right now? What I find amazing is your defense of the system now in place? You seem to be asking me questions let me ask you one. The data shows this current system in place is unfair and inaccurate why are you defending it and not your interests and those of your fellow citizens?
Denise Canavan February 12, 2012 at 12:40 AM
Ok, let's say they do revalue every year. If the houses all go down proportionately with the real estate market, the mill rate will just increase that much more to make up the decline in values. The only relief you will get is if your house declines in value more than the average decline of the town. If that happens, you should have a bigger concern than having you tax bill going up at a slightly lower rate than your neighbor. I am not defending the system. I just don't think your solution will do anything. The root of your complaint should really be the overall budget of the town, not how they divvy up the bill.
monroe taxpayer February 12, 2012 at 05:10 AM
See that part of the problem Its not factual to increase or decrease all homes at the same rate. They must be handle on an individual basis to be fair and accurate. If not you have one family paying more then they should and another paying less. Over a period of time it adds up to be quite a sum of money, as some of this week data has shown. At least we would have fairness in the tax system which would assure the taxpayers. You seem to see the mil rate being adjusted to just negate any shortage? Well what if that action was not approved unless the taxpayer voted to do so? Then cuts would have to be made? It ALL would be up to the citizens. . Which is the way it should be. It seems the current system limits choices and input by the citizens. It would be an improvement to increase those choices and voices. More participation and fairness? What is there to be afraid of here?
Steve Kirsch February 12, 2012 at 08:45 AM
Monroe Taxpayer, I don't understand why you keep mixing current home sales and taxes. One thing you are not talking about is that your tax rate (mill rate) is applied only to the assessed value of your home which is 70% of the appraised value. If I remember the analysis of the samples you provided, all but one of the homes sold for more than the assessed value.
Steve Kirsch February 12, 2012 at 08:52 AM
MT, the system is fair in that all people are treated the same way. We all have our property revaluated at the same time and we all have the same ability to question the result of the revaluation. We are all taxed proportionally to the value of our property. The taxpayers decide how much money should be spent during the budget process. The mill rate (tax rate) is just a simple math calculation based on the grand list total and the amount of money needed based on the budget.
Denise Canavan February 12, 2012 at 01:58 PM
There is nothing to be afraid of MP, if what you were saying was logical. Unless you feel your home is decreasing in value at a greater rate than the rest of the homes in town, what you are proposing will not give you any relief. I think your first issue is really the overall town spending (which is a completely logical issue to have), but you still have not explained how your system of allocating the tax bill is more fair. Granted, your house would be valued at the most current rates, as would everyone else's house. Be careful as maybe your house will actually go up in value and the rest will go down so you will have to carry a bigger piece of the pie!

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