Regarding “Options for solving a tax problem” [News, Feb. 19], as a former certified public accountant and a former real estate agent, it’s my opinion that state Sen. John Brooks’ system would not work and would only make things more complicated.
The assessment system can be fixed only if it becomes a two-way street. That means that if one files a grievance, the assessment could go down as well as up. Brooks’ method is overly complex, and I believe it would lead to more lawsuits.
It was almost comical when I tried to value a property for sale based on the assessment, and the owner claimed a value that was substantially higher. I could just imagine the outcry and the political repercussions if the county tried to collect back taxes on admittedly undervalued assessments.
I would use full value, and once full value is established, make it so that an assessment if challenged can go up or down. Fewer appeals would be filed if lawyers couldn’t offer a risk-free win. They would only appeal when warranted because they could lose time and money.
Finally, when a property is sold, if there is a large disparity between the sale price and the assessment, an adjustment should be made going back three years.
Rony Kessler, Franklin Square