comparing property values for same houses

looks like my original post went away.

Anyways, below is a pic of my house value history vs next door.
Next door did a 200K + A2 renovation. In theory if I sell my house, I will probably get 200K less or even 300K less if not worse than next door. My house has 80’s and original fixtures, very basic, and no filled alterations, etc.

I know my RE taxes will not go down, even if my property value is redone and goes down for 2019. So that’s not the issue. I want my property to reflect a fair market value on the records.

Their taxes did go up after the renovation, but why is the city market pic [Values](//muut.com/u/brownstoner/s1/:brownstoner:Q9cs:values.gif.jpg)

rwood

in General Discussion 6 years and 5 months ago

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yudashasom | 6 years and 5 months ago

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It sounds like DOF did not/has not reassessed your neighbor. In my experience, any DOF inspection will lead to higher taxes. You are kind of stuck.

rwood | 6 years and 5 months ago

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my post got cut off.
my question is why did the market value became the same in the past two years 2019 for both houses when in theory, if I sell, I will not get the same as the gut renovated house (renovated three years ago? I’m not planning to sell ever, but maybe is best to keep these market value numbers in check. Maybe someone that knows a bit of NYC RE taxes can provide some info? Thank you.