Viewpoint: Something broke in property valuation process
There are properties in Oneida County which have been on the market for years without being sold. We just received our tax bill on our home showing a value of hundreds of thousands of dollars more than Realtors have told us we could expect to sell it for. The “open book” period is a joke if all of the comparables are over-assessed.
Something is radically wrong with the entire valuation procedure. It appears the taxing agencies tell the assessors how much they need to collect and inflated figures are the result. When the bottom falls out of the housing market, assessments should decrease accordingly, yet the opposite has occurred. Property owners are being ripped off, forced to pay on unfair assessments. We need a class action lawsuit to stop this abuse by government.
Dixie King, Harshaw