The Running Realtor: Tip for Homeowners and Buyers in North Haven Connecticut

A blend of ramblings about Real Estate & Running around New Haven County and the Connecticut Shoreline

Tip for Homeowners and Buyers in North Haven Connecticut

Not all real estate agents are created equal.  Like any profession this business is filled with a wide variety of people offering everything from top-notch service to those you would not recommend to a friend. We also work several towns so at times the selected listing agent may not be aware of all the facts.

Most towns in our area have what we call the Broker's Tour on Thursday morning that gives us an opportunity to view listings of other real estate offices.  Since I have lived in North Haven over 20 years I know this market pretty well so I usually tour surrounding towns.  Last week I attended the North Haven Tour and it was an eye opener.

Being acutely aware of our rising taxes bills I noticed many amounts on tour that seemed outrageous.  After a quick investigation my suspicion was confirmed, half the agents are WRONG.  Beware of inaccurate property assessment and tax information. 

Ridge Road was randomly chosen for my spot check because there is usually a wide range of inventory on the market. Today I found 8 homes priced from the high 300's to almost two million.  Here are the assessed values and taxes from the MLS listing and the correct figures according to the current Phase-In Value.

Property For Sale

MLS Assessment

MLS Taxes

Current Assessment

Taxes

 

 

 

 

 

1365 Ridge Road

$195,183

$5,601

 

 

1455 Ridge Road

$269,850

$5,604

$195,277

 

1549 Ridge Road

$229,950

$6,599

$170,683

$4,899

1841 Ridge Road

$169,050

$4,851

 

 

1845 Ridge Road

$262,500

$7,533

$187,927

$5,394

3013 Ridge Road

$211,960

$6,818

$258,860

$7,429

3014 Ridge Road

$732,130

$21,012

$531,790

$15,262

3030 Ridge Road

$541,567

$15,542

 

 

The BOLD figures are errors listed in the MLS and the correction is shown to the right, as you can see this is a widespread problem.  The real problem for sellers is that a potential buyer may pass on your home because the taxes appear so high.  Buyers on the other hand may rule out the perfect property because of these errors. 

If you need help buying or selling real estate in North Haven or any of the surrounding towns please contact me anytime via email:  Dan@CummingsTeam.com or voice mail 203-672-2455.

 

 

Comment balloon 2 commentsNo Longer Active • April 24 2007 10:32AM

Comments

Wow your taxes are so much higher than ours in California, thank goodness for prop 13.
Posted by Beth Bastian, Simi Valley Real Estate (Rosemont Financial Inc) about 11 years ago
Beth,  With the crazy California prices is tough for me to gauge.  What are the taxes on a typical 1800 s.f. 3 bedroom 2 bath house?  I understand it's difficult to generalize but in North Haven I'd say the selling price would be in the 350-400,000 range with annual property taxes around $5,000.
Posted by No Longer Active (Real Estate) about 11 years ago

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