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View Diary: MA-Sen: Gomez Shopped Around for Most Favorable Appraisal Before Taking Shady Tax Deduction (40 comments)

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  •  That's exactly what I'm saying (0+ / 0-)

    Actual decrease in value, fine. Insider appraisal at twice the going rate that finds a decrease not borne out by any other evidence, not fine.

    (I thought you were saying we shouldn't make too much hay of it because the people doing it in Georgetown were mostly Democrats.)

    Republicans...think the American standard of living is a fine thing--so long as it doesn't spread to all the people. And they admire the Government of the United States so much that they would like to buy it. Harry S. Truman

    by fenway49 on Fri May 17, 2013 at 05:44:58 AM PDT

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    •  Do we know that an "inside" appraiser (0+ / 0-)

      Was used? Property values were ballooning during 2005-2007.

      Often, property owners often retain subsequent appraisers when they disagree with the initial appraiser.

      There is nothing ipso facto hinky about that, unless there is evidence to prove otherwise.

      Now, I think the facts that he claimed the deduction, was allowed it, and did not pay the appraiser's bill all stink.

      The man has zero ethics. And he should be billed for the back taxes owed with penalties and interest, if not charged with tax evasion.

      I despise people like this.

      But heck, in today's market, the house I'm sitting in right now has increased in value about 10% in a year. And this market isn't as hot as it was before the housing bubble burst. Plus my neighborhood isn't that one. Areas increase or decrease in value differently.

      Property apprasing is part math and part judgement call.

      I prefer we simply castigate the slimy homeowner without assuming the appraiser was dirty as well.

      Jmo.

      © grover


      So if you get hit by a bus tonight, would you be satisfied with how you spent today, your last day on earth? Live like tomorrow is never guaranteed, because it's not. -- Me.

      by grover on Fri May 17, 2013 at 02:39:32 PM PDT

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      •  The appraisal (0+ / 0-)

        said the house went DOWN in value at a time when the market was white-hot. The town's assessment for property taxes didn't go down; the house rose in value by some 600K in the four years after the easement/deduction. Both of the appraisers were referred by a nonprofit the IRS sued in 2011 for being a clearinghouse for tax evasion. All that seems questionable to me.

        But you're right, my main problem is with Gomez.

        Republicans...think the American standard of living is a fine thing--so long as it doesn't spread to all the people. And they admire the Government of the United States so much that they would like to buy it. Harry S. Truman

        by fenway49 on Fri May 17, 2013 at 03:14:15 PM PDT

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