All Forum Posts by: Account Closed

It’s an old thread but adding for completeness. State Farm will do such a policy, including if the in home daycare has dogs. However they require a liability policy from the tenant of at least a million. It’s not cheap but is meant to serve as an fyi. 

@Samuel Eddinger thanks so much for the offer for a chat and the detail above. I am going to DM you separately.  

Hi Joe! I am still in the window and am going to appeal so stay tuned! I hear you on the rents though if I can avoid it I will. The 225k is the implied market value I backed into using the 70 percent rule. It’s just annoying that the actual transaction value from a year ago is so far off!

Hi all,

I have a single family home I purchased in June 2021 for 200k.

Aside from cleaning up the yard, painting, and new water heater there have been no improvements.

I recently got a letter that my taxes are going up as they believe the property to be worth 225k as of June 2022. 

For Middletown Ct that is quite a market value increase year over year. I checked the town card (it’s right) and the mill rate is unchanged. It’s just the valuation.

If I don’t fight this valuation, I am paying taxes on a higher assessed value than what I bought it for a year ago (they do 5 year assessments) and it’s effectively a 40 percent increase in taxes vs 2017. I feel they should use the transaction value still.

I plan to fight with the fact that the market value was set a year ago and I have similar transactions that are lower from Refin this year and some had more bedrooms!

Anyone in the Middletown ct area ever successfully repeal this stuff?

If not no worries, I will appeal and write back here to tell you all about the experience for the next Middletown ct person! This way I can contribute to this knowledge center.

@Steven Wilson got it thank you so much!

 Thanks @Steven Foster Wilson! Who's wifi is the nest on? Does it have to be on the tenant's wifi? 

@John Underwood. John Regarding this thermostat, does it need to be on the tenant's wifi for me to control it? Or can I control it from my phone?

I ask because I have a single-family tenant (the house is heated with oil as nothing else is available) that pays all utilities. I doubt the tenant would let me put the thermostat on their wifi.

This tenant is not happy with the recent oil price increase and recently wrote me a letter saying they plan to never turn the oil heat on. Since this property is in CT, this would result in burst pipes and etc in the winter.

I would like to make sure that if the temp drops, the oil heat is at least 55 to keep pipes intact and etc. This damage would be way beyond anything given by a security deposit.

While I am protected from this in a lease, I would prefer to not have this issue. I also dont want to pay their oil heat for them in full as they seem to like keeping the house very warm (based on their oil consumption patterns last year).