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Tibbitts Road and Sleepy Hollow Lane
When Pigs Fly in New Hartford, N.Y.

Tibbitts Road runs between Kellogg Road and NYS Route 12.  For this report, Lower Tibbitts Road is anything below Oxford Road and Upper Tibbitts is anything above Oxford Road.  Because there are only 2 homes on Sleepy Hollow Road, the second right hand turn off of Tibbitts Road above Oxford Road, we decided to include them in this report. The report is a pdf document and needs a 8 1/2 x 14 inch paper to print (or you can tape two pages together).  Year 2003 is highlighted in yellow because that is the year that the homes were in a Neighborhood Code (4807) that was reassessed.

For this report I had to change the rules slightly--instead of highlighting in gray the parcels that were not reassessed, it was easier to highlight in gray the ones that were.  There are 49 homes in total on Tibbitts Road--only 6 of those homes were reassessed in 2003 when Neighborhood Code 4807 was reassessed (18 Tibbitts was reassessed in 2003, but lowered by the Board of Assessment Review).  There are exactly 2 homes on Sleepy Hollow Lane and neither one was reassessed in 2003.  So, we have 43 homes on Tibbitts and 2 homes on Sleepy Hollow Lane that have only been trended 5.5% in 2004 even though they were in a Neighborhood Code (4807) that was reassessed in 2003.  For goodness sakes, the 800-900 square feet homes in the Manors were trended 7.5% in 2004.  Is there anyone out there that thinks in 2003 these homes did not increase in value since the last full reassessment done by an "outside" appraisal firm in 1995?

Notice, they reassessed some of the smaller homes on Lower Tibbitts, yet only 1 home on Upper Tibbitts was reassessed in 2003. Look at these homes on Upper Tibbitts (starts with line 19 of the spreadsheet).  They were all in Neighborhood Code 4811 until 2003 when they were moved into Neighborhood Code 4807 (Older Subdivision). Why did they move them and then not reassess them?   And look at the Tax Map numbers.  Do you see that the tax map numbers starting with 339.015 have been in Neighborhood Code 4807 from 2001 on, yet the tax map numbers starting with 339.000 (including Sleepy Hollow Lane) were in Neighborhood Code 4811 (Rural) in 2001 and 2002 and then moved into Neighborhood Code 4807 in 2003 where they remain today?  Does that sound familiar--they used tax map numbers to determine neighborhood codes in 2001.

If you go to the Assessment Program, you will see that some of these homes on Tibbitts Road sold for far more than they are assessed so it can't be that they are not increasing in value.   Look at the size of the two homes on Sleepy Hollow Lane. One is 3,508 sq. ft. and the other is 5,008 sq. ft. and they are both Grade B homes--one is even 110% better than an average Grade B home.  Come on--don't you think they should be in Neighborhood Code 4815 (High End)?  Just because the parcel tax map number is like other Neighborhood Code 4807 parcels does it make them a 4807?

Let me stress this again. The equalization rate is determined by the State using their estimation of the Total Assessed Value of the Town of New Hartford vs. the actual total assessed value of properties in the Town of New Hartford. Therefore, if there are a lot of under-assessed homes in New Hartford, the equalization rate takes a nosedive every time one of those homes sells for more than the assessed value.  Not to mention the fact that it just isn't fair to make some people have to grieve their assessment while others sit on there a$$, nor should anyone have to pay more than their fair share and clearly everyone should be paying their fair share.   Believe me everyone is affected by this type of "selective reassessing". 

Fair assessing in the Town of New Hartford?   You decide.

Take a look at our other spreadsheets (in pdf format--you will need 8.5 by 14 paper to print or you will have to piece smaller sheets together after printing) Paris Road, Higby Road, Jordan Road and Lloyds Lane.  More streets will be added.

Please keep watching this site if you want to know what really happened.  Email us New Hartford, N.Y. Online if you have any questions or better yet, check with the assessor to see if he agrees with our reports and then ask him "How Come?"

 

What is a Neighborhood Code?

The International Association of Assessing Officers (IAAO) defines a neighborhood as "(1) The environment of a subject property that has a direct and immediate effect on value.  (2)  A geographic area of properties sharing important location characteristics defined for purposes of market analysis or modeling (typically with fewer than several thousand properties)."  Notice both of these definitions revolve around the notion of effect of location on value.

In simpler terms, a "neighborhood" consists of properties that are comparable in terms of the probability of a buyer being equally as interested in buying House A as they would be in buying House B.  In other words, if I was a buyer, I would not be interested in looking at a house in a neighborhood code made up with homes that are 1,000 sq. ft. when I intend to buy a 5,000 sq. ft. home. Therefore, the 1,000 sq. ft. home should not be in the same neighborhood code as the 5,000 sq. ft. home.

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