Coop decreasing property value *Update in first post

[old geezer]

i live in tax crazy new york--

---if my chicken coop ever lowered my taxes----

--- the following day i would start work on building the pig-pony,goat pens and rabbit huttches--a slurry pit--

---maybe even thow a few winno's in a tar paper shack near the base of the hill with a copper still.....

.

 

[Laurajean]

Quote:
Yes, in NH they can raise your property taxes for outbuildings. It goes hand in hand with the property value increasing.

 

[CowgirlPenny]

Updated in first post

 

[CrazyChickieMama]

I would definitely get a second appraisal from someone else...the value should not have gone down that much. Especially with the upgrades.

 

[speckledhen]

Doubt it was the coop. Values have gone down everywhere and that's just the sad world we live in, I think. Makes me crazy, too.

 

[Spookwriter]

I'm with the Speckeld Hen in that property values have tanked everywhere.

I doubt if the coop made that much difference as it would not be a permanant
fixture as long as the coop has not destroyed the back yard grass, landscaping
and such.

Ask for a second opinion.

 

[MARANMAN2011]

Also here my fatherinlaw works for the FDIC all values across the board are horrible right now some just not as bad. When you can buy a forclosed 500000 dollar home in some states for 95000 there is a problem.

 

[KenK]

The appraisal is (should be) based on the most recent and most comparable sales. At most the coop/run should devalue your property by the amount it would take to get it torn down and hauled off.

 

[Urban Chaos]

Hey I'm an appraiser, thought I'd chime in.

1st off, if the appraisal is for a bank loan, the appraiser does not share the results with the local taxing authority.

2nd we are required by most companies to take photos of all outbuildings regardless of their use/shape. Any outbuilding not on a permanent foundation is considered personal property and not assigned any value.

3rd I personally have never given any value to a coop, not to say I would never, just haven't yet. Barns and workshops are the type of outbuilding that typically would increase value.

4th property values are down all over the place. I hate going and meeting good people, knowing that a refinance would help them out considerably and then turn around and not be able to appraise their property high enough for them to qualify. I want out of this line - but thats another topic.

 

[WingingIt]

I'm betting that's a reflection of general housing prices in your area (sales, that is) and not your property so much, per se. They have to look up and use recent comps (comparable sales) that are similar in size and amenities to your property. If things have been selling for cheaper around you (like your foreclosure was to other sales in the area at that time) then that will bring the average, and thus your appraisal, down. It's not a reflection on anything you did.