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Arms length city sales

One-third of all housing sales made under assessed value

April 14, 2013

There are bargains to be had if you’re looking to buy a house in the city of Dunkirk....

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Apr-14-13 9:22 PM

If some properties are selling 50-100% above appraisal, how much money has the city lost over the years in under-assessed properties?

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Apr-14-13 10:51 AM

get the budget and the unions under control it will happen when monkeys fly out of our butt

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Apr-14-13 10:20 AM

We have seen a steady decline in average selling prices since 2010 and that is symbolic of a dying community. In a healthy environment you couldn't buy a barn for $53,800 but in Dunkirk it gets you a four bedroom home with a two car garage. I would like to know why the declining selling prices are not reflected in the equalization rates that impact our taxes. Real estate values are a product of supply and demand. Dunkirk's supply exceeds demand for good reasons. Chief among them are excessive taxation, lack of job opportunities, loss of industry, deteriorating neighborhoods and a declining quality of life that reflects poor leadership. The city lacks investment in both housing and industry. There can be no progress in Dunkirk until a sincere effort is made to reduce the size and cost of government and that means bringing our unions under control.

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Apr-14-13 9:06 AM

Sure buy a house under the assessed value. Then along comes the city assor comes along appraises the house at a higher rate then you wind up paying higher taxes. Next year same things happens. Remember if it is to good to be true it probably is. Nice try Observer.

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Apr-14-13 8:14 AM

yeah, get the same taxes no matter the value of the property at time of sale? pure idiocy. it's a corrupt system run by more corrupt incompetent pencil necks who cant work in the private sector because they would get fired.

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