In February, 18 tax assessors
were indicted for taking bribes in exchange for lower tax bills, a scheme that cost the city $40 million a year in lost revenues.
This effort to use the judgments of local tax assessors
is a followup of a study that attempted to isolate major factors that confound the negative impact of hazardous waste sites on property values.(15) The initial research studied changes of housing sale prices during the period from 1975 to 1988 in 77 towns in New Jersey near hazardous waste Superfund sites.
A tax assessor
and the head of the assessors' union testified next, outlining a number of reforms that they claimed would help.
Each year, the city tax assessor
's office calculates the value of the city's buildings, but a variety of assessment methods are used.
No building owners have yet to be implicated in the tax scheme that shook the real estate industry last week with the indictment of 18 Manhattan tax assessors
accused of cutting property taxes for bribes.
Associates' appraisal expert testified at trial that the full fair market value of the shopping center was only $1,122,242, or slightly more than one-third of the value found by the municipal tax assessor
Outreach to tax assessors
, elected officials and homeowners
The report failed to mention that the city has been served with 57 lawsuits commenced by taxpayers suing over the alleged bribery scheme where several former city tax assessors
have pled guilty to participating in the $10 million collusion that lowered some property owner's tax assessment while increasing others.
Attorney's office handed down indictments to 18 current and former tax assessors
charging them with reportedly taking $10 million in bribes to alter assessments on more than 550 buildings in the last 35 years.
The Oconee County Board of Tax Assessors
(BTA) determined that Thomas had breached the covenant and assessed a penalty against her.
Marshall & Swift, a worldwide provider of residential and commercial cost data and estimating software for real estate appraisers, tax assessors
, contractors and lenders, announces that the SwiftEstimator(TM), an on-line suite of property estimating applications, now includes eSeg Estimator(TM), a component-based estimating tool.
Marshall & Swift, a leading worldwide provider of residential and commercial cost data and estimating software for real estate appraisers, tax assessors
, contractors and lenders, announces that the SwiftEstimator(TM) online property estimating application now includes SF residential estimating technology and commercial contents and inventory estimating capabilities.