Feeds:
Posts
Comments

Archive for the ‘Sellers Tips’ Category

GRIEVING PROPERTY TAXES…Everything you need to know.

Grieving property taxes can yield a cost savings for local taxpayers. All municipalities in Westchester County, including Rye and Harrison, have a Grievance Day – a specific day to hear property tax appeals.  In 2018, that day is Tuesday, June 19th. The tax grievance period this year is is June 1st-June 19th. To do the math homeowners need their total assessed property value and the current Residential Area Ratio (RAR).

ASSESSMENTS
Before pursuing formal review of your assessment, you should first determine if you are assessed fairly. Click HERE to read about the steps in this process.
In Rye you can find your assessed value by going to joanomeara.com – Click Rye City/Online Services/Property Tax Search. Enter your address and you will see the Total Assessed Value. For Harrison go to joanomeara.com – Click on Town of Harrison/Departments/Assessor/Final Assessment Roll.

RESIDENTIAL ASSESSMENT RATIO (RAR)
The RAR is an indication of the level of assessment for residential real property in a municipality. It is a measurement of the overall ratio of the total assessed value of residential property in the municipality compared to the full market value of that residential property. The RAR can be used by homeowners in a Board of Assessment Review (BAR) grievance and in a Small Claims Assessment Review (SCAR) hearing. Bottom line is your assessed value divided by the RAR will tell you what the city/town has your house valued at for tax purposes. The state issues updated RARs annually around this time of year.  The new RARs were just issued in April. Rye = 1.53% and Harrison = 1.57%

Examples to Calculate your House Value for Tax Purposes:
Rye City RAR of 1.53% for 2018
Total Assessed Value of $30,500/1.53% = $1,993,464

Town/Village of Harrison RAR is 1.54% for 2018
Total Assessed Value of $30,500/1.54% = $1,980,519

Helpful Links and Forms to Grieve your Taxes:

Rye: To download the form and the instructions on the City of Rye Website then look under Permit & Forms/Tax.
In Harrison: Applications are available in the Assessor’s Office in Town Hall (1 Heineman Place).

For more information on RAR click HERE. For more information on property assessments click HERE.

If you have any questions about this process please feel free to reach out to Joan at jomeara@houlihanlawrence.com or 914.329.5329

Advertisements

Read Full Post »

GRIEVING PROPERTY TAXES…Everything you need to know.

Now that you have filed your taxes, it is time to think about your home assessment and the taxes you are paying on your property. Grieving property taxes can yield a cost savings for local taxpayers. All municipalities in Westchester County, including Rye and Harrison, have a Grievance Day – a specific day to hear property tax appeals.  In 2018, that day is Tuesday, June 19th. The tax grievance period this year is is June 1st-June 19th. To do the math homeowners need their total assessed property value and the current Residential Area Ratio (RAR).

ASSESSMENTS
Before pursuing formal review of your assessment, you should first determine if you are assessed fairly. Click HERE to read about the steps in this process.
In Rye you can find your assessed value by going to joanomeara.com – Click Rye City/Online Services/Property Tax Search. Enter your address and you will see the Total Assessed Value. For Harrison go to joanomeara.com – Click on Town of Harrison/Departments/Assessor/Final Assessment Roll.

RESIDENTIAL ASSESSMENT RATIO (RAR)
The RAR is an indication of the level of assessment for residential real property in a municipality. It is a measurement of the overall ratio of the total assessed value of residential property in the municipality compared to the full market value of that residential property. The RAR can be used by homeowners in a Board of Assessment Review (BAR) grievance and in a Small Claims Assessment Review (SCAR) hearing. Bottom line is your assessed value divided by the RAR will tell you what the city/town has your house valued at for tax purposes. The state issues updated RARs annually around this time of year.  The new RARs were just issued in April. Rye = 1.53% and Harrison = 1.57%

Examples to Calculate your House Value for Tax Purposes:
Rye City RAR of 1.53% for 2018
Total Assessed Value of $30,500/1.53% = $1,993,464

Town/Village of Harrison RAR is 1.54% for 2018
Total Assessed Value of $30,500/1.54% = $1,980,519

Helpful Links and Forms to Grieve your Taxes:

Rye: To download the form and the instructions on the City of Rye Website then look under Permit & Forms/Tax.
In Harrison: Applications are available in the Assessor’s Office in Town Hall (1 Heineman Place).

For more information on RAR click HERE. For more information on property assessments click HERE.

If you have any questions about this process please feel free to reach out to Joan at jomeara@houlihanlawrence.com or 914.329.5329

Read Full Post »

If you are thinking of listing your home in the near future, you should consider the benefits of staging. It is a proven fact that staged homes are more likely to sell faster and for a higher value then non-staged homes. According to the 2017 National Association of Realtors:

  • 40% of buyers are more willing to walk thru a staged home that they viewed online
  • 77% of buyers find it easier to visualize the property as their future home when it is staged
  • 38% of sellers agents believe the staging increased the value of the sale
  • 97% of buyers agents says that staging has an effect on the buyers view of the home

A Home Gain report states that typical staging costs yield 196% return to the seller, with basic staging improvements such as brightening and de-cluttering, yielding up to 702%.

Here is an example of a home we staged in Rye. This staging brightened the room and gave it a more modern look.

 

Dining Room Before Staging

Dining Room After Staging

Feel free to contact us today to discuss staging your home….jomeara@houlihanlawrence.com or 914.329.5329

Read Full Post »

Mark your calendar! Real Estate Q&A hosted by Joan O’Meara & Team at Nest Inspired Home in downtown Rye on Thursday February 1st. Hope to see you there!

RSVP’s to jomeara@houlihanlawrence.com are appreciated.

Read Full Post »

Are you planning on selling your home this spring or just cleaning out closets during this cold weather? If you find yourself with boxes/bags of unwanted clothing or other household items please consider donating them to a local charity.

  • Big Brother Big Sister – Allows you the option of picking up gently used books, toys, small yard toys, bikes and other items that you no longer need or use from your home.
  • Goodwill – Goodwill will happily accept donations of things like gently worn children’s clothing, sporting goods, bicycles, books, DVDs and more.
  • The Sharing Shelf – Collects seasonal children’s clothing (new socks and underwear year-round), umbrella strollers, infant car seats, pack-n-plays and more.
  • Please Pick Up/Vietnam Veterans of America – They accept most clothing, shoes, accessories, household items, small electronics, toys and books.

Check out the Joan O’Meara and Team WEBSITE for links to more charitable organizations in our area.

Read Full Post »

Save the Date! Real Estate Q&A hosted by Joan O’Meara & Team at Nest Inspired Home in downtown Rye. Thursday February 1st. Hope to see you there!

Read Full Post »

O'MearaLogo2015A

Considering Selling Your Home?
Low inventory across the country has been the real estate story since the start of 2017, and our area is not immune. Local buyers as well as those from NYC and surrounding areas are yearning to see more supply for their demand. You don’t know when an opportunity might present itself; therefore, it is certainly never too early to start prepping your home. Some of our suggestions to think about if a sale may be in your future:

  • Professional Exterior Photos: Exterior photos should be taken when the weather is nice. This avoids the risk, when listing last minute, of having to take photos in the middle of winter when trees are bare and snow is on the ground. We recommend taking exterior photos anytime from late April to October. Keep in mind that photos are the first impression when buyers looking online!  Joan O’Meara and Team offer complimentary professional photography and it isn’t too late in the year to book now…email us today at jomeara@houlihanlawrence.com to discuss photographing the exterior of your home.
  • Have a Plan/Punch List:
    • Discuss remodel/improvements with a stager and/or experienced agent to confirm return on those investments. Our team works with a number of stagers we are happy to recommend.
    • Declutter
  • Prepare for Inspections:
    • Have utilities serviced
    • Check for leaks
    • Schedule an energy audit
  • Get Informed:
    • Work with a knowledgeable agent to stay up-to-date on housing market and trends.
    • Ask an agent to set you up for automatic local market email updates such as the one below. You won’t miss a new listing!

Joan and team are available to work with you to assure a smooth and successful listing process whenever you might be ready.

 

Read Full Post »

Older Posts »