Home Buying in Hamlin Park>Question Details

Barbara Brown, Home Buyer in Buffalo State, Buffalo...

Why was 91 Kensigton sold for $539,618 and it is only assessed at $30,000 ?

Asked by Barbara Brown, Buffalo State, Buffalo, NY Tue Feb 8, 2011

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Sold for $12,000 in 2009. Owned by Sisters of Charity Hospital which is probably tax exempt so they may not care about getting the assessment lowered.
0 votes Thank Flag Link Wed Feb 9, 2011
I don't know what source your using for information but, 91 Kensington, Buffalo, NY 14214 was sold for $12,000, closed on 3/19/09 and is currently assessed at $30, 200. When a property is purchased for less that what it is assessed for, it is the new buyers responsibility to challenge the assessment to get it lowered unless they wat to pay more taxes than they should. However, it is currently owned by Sister's of Charity Hospital and they probably don't care about the assessment if they are tax exempt.
0 votes Thank Flag Link Wed Feb 9, 2011
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