LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

Another grieving taxes Q & selling

Posted By Message

brownie
Baby #1 is here!

Member since 11/08

13903 total posts

Name:

Another grieving taxes Q & selling

So we stupidly never grieved our taxes and have been paying on an assessment that is way too high.

Now we're selling , one potential buyer is worried Bout the taxes being high.

Our realtor suggested we offer tax credit to buyer for the first year so they can go grieve them themselves (with proof they paid less).

Anything else I can do about this costly mistake ?

Posted 10/7/12 3:04 AM
 
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource
  |   Long Island Weddings

brownie
Baby #1 is here!

Member since 11/08

13903 total posts

Name:

Re: Another grieving taxes Q & selling

bump Chat Icon

Posted 10/8/12 12:49 PM
 

Christine Braun - Signature Premier Properties
LIFamilies Business

Member since 2/11

3992 total posts

Name:

Re: Another grieving taxes Q & selling

You can make clear on the listing that the taxes have not been grieved, so potential buyers are aware of it (and the potential for future grievance reduction).

You could also file a grievance while the house is up for sale (abiding by the procedures/deadlines of where you live), or hire someone to grieve the taxes, and then the new owner could benefit from any reduction (or the grievance could be transferred to them if the outcome isn't resolved by the time the sale closes). I sold a house last year where the seller had hired a law firm to grieve the taxes and they had proof of that to show to my buyers, who were concerned about the taxes. By the time my buyers were ready to go to contract, the seller actually had a letter showing the tax grievance was successful and my buyers moved forward, knowing the tax reduction would take effect. If you do that, you can make clear on the listing that the taxes are being grieved.

Posted 10/8/12 3:23 PM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
Paying taxes when selling a house? smdl 9/27/10 6 Home
Selling a Home and Paying Taxes BlueDiamonds 11/15/07 4 Home
My client is selling his home in Massapequa on the water - $649k , 11k taxes MrsPorkChop 9/20/06 8 Home
What is involved in grieving taxes??? beautyq115 10/22/07 2 Home
Grieving your taxes.... quasi3 10/9/07 4 Home
Grieving taxes question betty 5/9/07 5 Home
 
Quick navigation:   
Currently 1796257 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows