Quoted from Smoking Bananas

nope. they have gone up.

The assessed values have certainly gone up. However to try and sell a house (as I am now) in the City of Schenectady for its assessed value is unrealistic. Hopefully my house will sell for HALF the assessed value.

The subprime lending industry created an artificially high home value market. Its still trickling down. That in addition to so many people losing their jobs.

We can't keep up with the taxes here in the city now. Something has got to give.

Quoted from PatZ

The assessed values have certainly gone up. However to try and sell a house (as I am now) in the City of Schenectady for its assessed value is unrealistic. Hopefully my house will sell for HALF the assessed value.

The subprime lending industry created an artificially high home value market. Its still trickling down. That in addition to so many people losing their jobs.

We can't keep up with the taxes here in the city now. Something has got to give.

Out of curiosity - where are you moving to?

There are many houses sitting empty that aren't even counted as abandoned. Way more than people realize. Families are looking to buy in Schenectady, looking at the high taxes, and buying elsewhere. This is real, not a statistic on a page to be argued over. When a house has been sitting for months with a for sale sign in front, with no takers, the value has dropped, whether the would-be seller wants to believe it or not.
Wouldn't neighborhoods full of families paying reasonable taxes be better than half empty neighborhoods with a few people paying ridiculous taxes?

We actually know some folks that are 'squatting' in some of these empty homes!!
ENTIRE FAMILIES!!!!!

And homes have been for sale for more than 'months'.....Try YEARS!!!
And as each month and year goes by, the taxes go higher and the value is lower!

Schenectady median home prices are the lowest in the area. 35 years of DEM morons ruining City Hall has taken its toll. You can't sell for anywhere near the City assessed value. Everyone knows those were artificially inflated to save SOS. Good luck giving away anything if horrible Gary McCarthy's get 4 more years-making 20 years "serving up the sheeple".

SB not sure who is filling your head.  I am a "Democrap" as you folks say who has several houses on the market list.  The houses in Schdy that I am selling are below the assessed value because the assessor is a fool.  As for the house I have for sale in Rotterdam in a very nice area of Town I can tell you that four houses are up for sale on my street.  Houses that should go for at least $300,000 are barely selling.  One out of four took a $75,000 cut just to get out of town.  The City is in a terrible bind and dopes seem to be in charge.  Not sure if a change in leadership can save the day.  We are screwed.

there are ALOT of squatters......

Quoted from Yossi

SB not sure who is filling your head.  I am a "Democrap" as you folks say who has several houses on the market list.  The houses in Schdy that I am selling are below the assessed value because the assessor is a fool.  As for the house I have for sale in Rotterdam in a very nice area of Town I can tell you that four houses are up for sale on my street.  Houses that should go for at least $300,000 are barely selling.  One out of four took a $75,000 cut just to get out of town.  The City is in a terrible bind and dopes seem to be in charge.  Not sure if a change in leadership can save the day.  We are screwed.

Well said.....well said!!

Wow, couple days and the cheeleader(s) for increasing taxes on the homeowners have not been able to provide any proof of home values in the city going up.  Hmmm.

Amazing fluff job.  Almost a $900,000,000 increase in the tax base in 5 years.  Whish it were true.  Tripling of our Emplyee benefits and Equipement and Capital Outlay since 1998 and what is left of the city.  Money in and garbage out.  Wish I had the numbers for the last 16 years. Would get a total picture of McCarthys job then.  

Year     Full Value     Total Debt End FY     Personal Services     Employee Benefits     Contractual     Equipment and Capital Outlay     Debt Principle     Debt Interest     Intrafund Transfers     Total Expenditures and Other Uses
2010     $2,417,858,243      $95,999,672      $37,040,275      $24,465,214      $25,098,950      $30,346,354      $5,997,202      $2,852,313      $566,214      $126,366,522
2009     $2,217,729,586      $86,869,563      $38,058,004      $22,194,524      $24,910,131      $23,216,931      $5,639,655      $2,584,106      $1,843,341      $118,446,692
2008     $2,096,555,321      $64,537,937      $37,337,683      $21,213,783      $26,099,593      $10,839,262      $7,676,112      $2,968,801      $111,599      $106,246,833
2007     $1,890,836,023      $63,203,913      $34,406,194      $19,745,166      $26,111,572      $13,370,462      $6,015,536      $3,013,428      $3,256,100      $105,918,458
2006     $1,705,496,733      $60,135,903      $32,518,913      $17,854,490      $22,107,420      $13,213,451      $6,333,534      $2,876,198      $1,485,871      $96,389,877
2005     $1,594,348,246      $57,502,851      $31,055,102      $17,540,141      $22,444,481      $10,656,289      $6,463,318      $3,299,417      $190,230      $91,648,978
2004     $1,430,886,493      $62,034,867      $29,949,327      $17,161,183      $22,407,163      $9,653,603      $10,805,978      $3,626,353      $3,131,226      $96,734,833
2003     $1,342,304,816      $79,840,846      $29,867,567      $12,969,197      $21,101,641      $16,079,946      $6,777,715      $4,080,861      $674,972      $91,551,899
2002     $1,330,683,774      $84,433,718      $28,916,766      $12,057,455      $21,565,628      $10,912,195      $6,245,274      $3,236,683      $358,369      $83,292,370
2001     $1,324,281,820      $68,500,438      $27,641,310      $10,396,283      $19,456,681      $8,380,207      $5,745,039      $3,247,533      $160,746      $75,027,799
2000     $1,418,188,465      $65,619,263      $25,738,792      $10,744,499      $17,981,777      $9,991,570      $5,365,578      $3,190,410      $145,873      $73,158,499
1999     $1,511,946,363      $55,661,999      $25,580,144      $9,443,580      $19,508,768      $9,205,998      $5,343,507      $3,312,952      $300,885      $72,695,834
1998     $1,516,405,865      $55,010,001      $24,336,564      $9,714,547      $18,531,624      $9,110,427      $4,745,473      $3,369,934      $757,401      $70,565,970

Wow, last I posted on this thread was three days ago, challenging the cheerleader(s) for increasing taxes on homeonwers to provide any information to cotradict the FACTS I have provided, that property values in the city of Schenectady are GOING DOWN DOWN DOWN.

Still NONE of the cheerleaders has been able to provide a link to any official information that shows prices in the city going up, in comparing one year against the previous year(s).

Where are you cheerleaders for high taxes on homeowers?????    What's the matter, you are just avoiding posting here because you know you are wrong but you are too embarraseed to write the words acknowding that YOU are wrong?   What's the matter, you can't type the words, "property values in the city are indeed going down."

Aw, where's the banana cheerleader?????


What's the matter, SB?    I have explained how property values are determined AND I have provided documentation/link to your previously refercened good source of info, AND I have PROVEN that the values in the city of Schenectady are doing DOWN DOWN DOWN.....which is happening while the taxe are going UP UP UP.

You can't reply now, huh?

So, you haven't found ANY proof that houes in the city are increasing, huh?      

Where have they gone up idiot? McCarthy's and DEM puppets taxes have destroyed City resale prices. Even in the GE Plot you see foreclosure sales and folks getting 40% of original asking price. McCarthy understands the importance of high taxes that's why he will be flushed next Tuesday.

from greater capital region realtors, september stats:

AVERAGE SALE for sept: $ $189,434 -- up 14%

Sept. 2010 ave sale price: $166,655

2006 avg sale price: $175,654

Quoted from Smoking Bananas

from greater capital region realtors, september stats:

AVERAGE SALE for sept: $ $189,434 -- up 14%

Sept. 2010 ave sale price: $166,655

2006 avg sale price: $175,654

STUPID SB!!!!!!!!!!!!!     Real Estate 101 / Home Values 101.        EACH AND EVERY appraiser, real estate EXPERT, and assessor will tell you that the values of houses are determined by AT LEAST SIX CONSECUTIVE MONTHS of sales


Hey Bananas, WHAT are you smokin?????????      Show us the PROOF of the REQUIRED at least SIX CONSECUTIVE MONTHS of sales in the time period you claim.    I have provided not just numbers, but the actual links to GCAR files showing the MANDATED MINIMUM MONTHS of sales to deterkine values.

You have shown your total ignorance.   You have proven beyond all doubt, your total lack of any intelligence or knowledge about real estate and home values.


Care to provide us links to GCAR facts showing the REQUIRED SIX MONTHS MINIMUM CONSECUTIVE SALES?????    Can you do that SB???????    Huh???????