MPAC valuations are, at best, a single snapshot within a four-year assessment cycle.
Dear David, I was at an open house listed at $500,000. In the listing, I noticed that the taxes on the property were based on a value of $335,000. In my opinion, this house is a gut job. How can the agent believe someone will pay that price, then still spend a fortune on renovations?
Dear David, I purchased a newly-built condo last year. I paid an occupancy fee to the builder before taking possession, which was supposed to cover the property taxes. The city is now billing me a huge amount for supplemental tax (which appears to be the tax due for the past three years). Who is responsible
Real estate Broker David Schooley, of Remax Twin City, answers questions about buying a home that’s not for sale and how to structure a purchase with a boyfriend/girlfriend.