Monday, April 21, 2008

Fitchburg's Recession-Proof Real Estate

In researching something today, I realized next year's proposed property assessments are now available for viewing online. I strongly suggest you take a peeky at your's.

For a long time, we've heard about the real-estate market going in the dumper. But amazingly, the Save Fitchburg Mansion's property value is unchanged from last year. We'd maybe call the Assessor's this afternoon, but it's a holiday, so we're mystified. Did they just run through and re-up everyone at last year's assessment? Did they change some neighborhoods or streets in bulk based on some numbers? What, exactly, did they do?

So, take a moment and check your value for next year (this should get you there), and report back on what's happening to your value. Going up? Going down? Staying the same? I'll be interested to hear.

A reminder: Values aren't the sole determiners of your tax bill. The tax rate is adjusted with values to get to the city's bottom line. So I'm not sure the Family Lefferts is due a tax break due to decreasing value (that isn't there). Currenly, I'm just confused as to how values can hang steady right now. I guess in the long run, good news. But it raises questions.

Now, go, do your checking, and report back. Online research is fun.

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