Assessed values also do not reflect what a buyer is going to pay for a home. It is what the town values the house at for tax purposes. You could be assessed $350,000 but if its close to someones mother and nicely updated they could be willing to pay $375,000 for it.
Appraisals, assessed values, and market value are all different.
You are also allowed to appeal your taxes usually in the beginning of each year sometimes it can get your taxes reduced but if they just reassessed the whole town then its highly unlikely they would change anything this year.
That is unfortunately the nature of buying new construction. Taxes are based upon your town's assessment value of your property, not upon the neighboring conditions of your property. Hopefully, your inconvenience will be short-lived.
Right now, the majority of rentals in W. Orange in the 1000-2300 range are condos,NOTsingle family houses.
There is a 2 BR, 1 bth home listed at $1200 and then the next single family home listed is a 4 br/1bth at 63 Valley St., listed at 1800.
Currently, there are no 3 bedroom, 2bth homes listed in that range - even looking up to $2300.
The demand for rentals all over is quite strong now.
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