my nassau property question

I just looked at the value of my house on my nassau property. I just purchased 4 months ago and it said its worth more then I paid . Do you think their values are right?

Re: my nassau property question

actually the values on mynassauproperty are UNDER valued...on average they are 20% below market value. so yay for you!!!

Re: my nassau property question

Did you see what they put it at before you bought it? Ours says it's valued at more, but they've actually lowered it (still above what we paid) since we bought it b/c of our purchase price (we negotiated a really low price b/c we were waiting for a CO on the dormer which they came through with at the closing so in actuallity we got it for A LOT less than we should have).

Also, they reassess based on the market. My Nassau Property is pretty accurate if they have all the right info (ours still does not acct for the sq. footage of the dormer which is great b/c obviously our taxes would go up if they had that in there)

Re: my nassau property question

Thanks for your comments! I started to worry because of the way the market is now. Everyone is saying the house values are going down and I started to think maybe we didn't get such a great deal. I didn't find out about my nassa property until after we bought the house. I just looked at the site again today and it has the updated picture of my house. I am so happy!

Re: my nassau property question

I have been looking on MLS for over a year and comparing the sale prices with mynassau property. I think the county's #s are lagging behind the market somewhat. For example, when the market was at its peak, the values on MNP were far below what people were asking for their houses.

Now that the market is dropping, I think the prices on MNP are about what the house is worth, or actually a little higher. From what I have seen, prices have been dropping somewhat, and MNP is a little slow to catch up, I think.