Tax Appeal Offer

[Guest]

[Guest]

If the land value is the same regardless of location, then the value based on good/bad location is taken off the value of the house or building. The property values for houses that back up to Rt 130 in Cranbury Greene are less than same type houses/lot sizes of interior locations.

[Guest]

Here is an example regarding land assessed value in Shady Brook Ln (it's a small neighborhood and easier to see the difference).

(I obtained the data from http://pshark.com/)

1. 1 Shady Brook Ln (corner lot; the first home into the area):
Lot size: 1.3883 acres, assessed land value: $397,600

2. 10 Shady Brook Ln (further down the neighborhood):
Lot size: 1.013 acres, assessed land value: $397,500

3. 20 Shady Brook Ln (even further down the neighborhood):
Lot size: 0.9183 acres, assessed land value: $393,600

The home at 20 Shady Brook Ln has a better location. The assessed land value difference does not make much impact in the property tax (a few dollars difference).

A smaller lot at a better location is more desirable (when it comes to selling the home) than a bigger lot at a not so desirable location.

[Guest]

1 Shady Brook is almost 40% more land than 20 but has almost the same asessed value. I understand you're point about a better location but you are understating the difference in size.

[Guest]

You also didn't list the building values - that might be where the difference is, so the total is less for a less desirable spot.

[Guest]

i got it too. how is him? unable to find his online profile.