charlton and dack

[LarasDad]

It's back !!!

Back in January it was listed as "Minimum Tender Amount: $ 35,268.73"

and now it's only "Minimum Tender Amount: $8,268.14" -- just because OTS Jeff is involved 

Can any one of the more experienced regulars please inform us of why the muni would reduce the minimum by more than 75% ? ? ?

I mean, did $27k in taxes or expenses (or whatever) just vanish into thin air ?

[netpred]

I have no idea. There are only two explanations that I can think of. First, the taxpayer may have made a partial payment (highly unlikely). Or the municipality made an error in price the first time (more likely).

As an aside, the municipality cannot accept a tender below the actual tender price even if it wants to. It can only take less if it takes title and then sells the property after a tax sale with no valid tenders. But it cannot accept less on a tax sale.

[DRD]

MPAC may have changed assessed value retroactive.

[Jayz]

MPAC may have changed assessed value retroactive.

I doubt it. If this is how it is, I am sure there will be legal issues. The owner could argue, I didn't pay tax over last x years because it was taxed too high; if tax were this low, I could have paid it so the property wouldn't have gone taxsale in the first place; now I am broke, I can't pay the tax even this low ...

[Jayz]

As an aside note, I do think some of taxsale properties we have seen shouldn't have gone taxsale had those owners cared enough to "negotiate" lower MPAC values for lower taxes.

[Pfm1011]

My bet is that a city employee tried to get market value last time, instead of taxes owing..Im sure thats what kingston just did  .   It would not be the first time a small town employee gets "smarter" then the rest of us

[Frank]

My bet is that a city employee tried to get market value last time, instead of taxes owing..Im sure thats what kingston just did  .   It would not be the first time a small town employee gets "smarter" then the rest of us

highly unlikely...it was probably an error in advertising.

[DRD]

four of the properties I have bought in the last two years have had assessed value increased three to four times their value a year or two prior to sale.... where does this come from?  could the governing body not put back to origional assessed value to sell?