We’ve heard the Manager discuss how much property evaluations have gone up and how Economic Development is a cornerstone of his Administration.
It’s to bad that at least 4 of his Assessors findings that we now are aware of, were so far out of whack that the city LOST these appeals and it’s a message for all local business and homeowners.
WATCH YOUR BILL AND CHALLENGE THE CITY!!!
These three Downtown Business Owners in the FISKE Building have a true horror story to share – Each bought their business loft space in the past few years .
One for $30,000 another for $33,000 and a third for $58,000 yet were assessed by this Administration at a HUGE Increase!
$33,000 bought in 2013 was assessed at $121,000
$30,000 also bought in 2013 was assessed for $101,000
$58,000 bought in 2013 was assessed for $137,000
After they each filed a Tax Abatement last JULY – they were adjusted SUBSTANTIALLY DOWN!
$121,000 went to $45,000 $101,000 went to $40,000 and the $137,000 went to $58,000
That’s $216,000 LESS VALUE than the City claimed. @ $32.49/1,000 it is $7,011.36 more the city tried to charge these 3 business owners than what the true value of these businesses were. (NOT VERY BUSINESS FRIENDLY IS IT?)
I’d like any Councilor to put in a motion for next week’s meeting not only asking HOW someone can be so FAR OFF in judging Value, but how many Tax ABATEMENTS were filed in the city and how many were granted and what is the estimated LOSS in projected revenue? Maybe many people chose NOT to fight, this year but with this now public, you can bet more will and apparently should next year!
However this SEE No Evil – Hear No Evil – Speak No Evil Council will let this Manager walk and no one will say boo!