{"id":3816,"date":"2011-02-25T07:54:45","date_gmt":"2011-02-25T12:54:45","guid":{"rendered":"http:\/\/blogs.northcountrypublicradio.org\/inbox\/?p=3816"},"modified":"2011-02-25T13:40:47","modified_gmt":"2011-02-25T18:40:47","slug":"morning-read-are-north-country-property-tax-appraisals-too-high","status":"publish","type":"post","link":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/2011\/02\/25\/morning-read-are-north-country-property-tax-appraisals-too-high\/","title":{"rendered":"Morning Read:  Are North Country property tax assessments too high?"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.watertowndailytimes.com\/article\/20110225\/NEWS03\/302259964\">Watertown Daily Times<\/a> is reporting that Jefferson County is being forced by court order to pay back roughly $50,000 in property tax revenue.<\/p>\n<p>The reason?\u00a0 They overvalued assessments for 39 property owners, occasionally by millions of dollars.<\/p>\n<blockquote><p>The biggest-ticket item is The Edgewood Resort, 22467 Edgewood Road,  town of Alexandria. State Supreme Court in Jefferson County agreed to  the property&#8217;s assessment drop from $8,237,825 to $5,400,000.<\/p><\/blockquote>\n<p>In some cases the court found that the assessor got the property value wrong by more than 40%.<\/p>\n<p>I include this as a Morning Read, because soaring property values have been a big engine driving growth in local governments and school spending over the last decade.<\/p>\n<p>So far, despite the collapse of the housing bubble, we haven&#8217;t seen those numbers drop much.<\/p>\n<p>But at a time when the state is curtailing local government aid, and considering a property tax cap, we could also see a serious decline in property values, as lower sale prices continue to nudge assessments down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Watertown Daily Times is reporting that Jefferson County is being forced by court order [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[4836],"_links":{"self":[{"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/posts\/3816"}],"collection":[{"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/comments?post=3816"}],"version-history":[{"count":1,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/posts\/3816\/revisions"}],"predecessor-version":[{"id":3817,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/posts\/3816\/revisions\/3817"}],"wp:attachment":[{"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/media?parent=3816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/categories?post=3816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/tags?post=3816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}