We just got a notice from the Dept. of Finance stating the “market value” for our brownstone. We just bought the place in November 2009. It’s a 3-family in park slope. We paid $1.695 and DOF has valued it at $1.97. So that’s roughly $300,000 over what we paid (and we paid the asking price).<\/p>\n
The DOF letter includes instructions for what to do if we’d like to dispute this valuation.<\/p>\n
My question is: should we? The case we would make would be that it’s worth what we paid, I suppose.<\/p>\n %<\/span><\/span> | %<\/span><\/a> | %<\/span><\/a> ","protected":false},"excerpt":{"rendered":" We just got a notice from the Dept. of Finance stating the “market value” for our brownstone. We just bought the place in November 2009. It’s a 3-family in park slope. We paid $1.695 and DOF has valued it at $1.97. So that’s roughly $300,000 over what we paid (and we paid the asking price)….<\/p>\n","protected":false},"author":34682,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"schneps_byline":"","schneps_post_style":"","schneps_post_source":"","schneps_syndicated_read_more":"","schneps_post_source_sitename":"","schneps_syndicated_thumb_html":"","schneps_syndicated_thumb_src":"","schneps_post_source_shortname":"","schneps_post_source_url":"","schneps_post_source_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[63],"tags":[],"districts":[],"class_list":["post-40555","post","type-post","status-publish","format-standard","hentry","category-taxes"],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/brownstoner.com\/forum-archive\/2010\/01\/nyc-dept-of-fin\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dept. of Finance Market Values","url":"http:\/\/www.brownstoner.com\/forum-archive\/2010\/01\/nyc-dept-of-fin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.brownstoner.com\/forum-archive\/2010\/01\/nyc-dept-of-fin\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Taxes","author":[{"@type":"Person","name":"slopegirl"}],"creator":["slopegirl"],"publisher":{"@type":"Organization","name":"Forum Archive","logo":""},"keywords":[],"dateCreated":"2010-01-28T15:29:43Z","datePublished":"2010-01-28T15:29:43Z","dateModified":"2010-02-01T18:14:31Z"},"rendered":"