Posts Tagged ‘Parking space’

Assessed Value of Man’s Parking Space Increases From $5K To $287K WTH

January 2, 2012

PITTSBURGH (KDKA) — A lot of city property owners are outraged over their reassessments, but one man says his beats them all.

The value of his 18-by-10-foot parking space on Mt. Washington jumped from $5,000 to more than $287,000.

That’s even more than his condo.

Richard Milesky, Jr., the proud owner of the underground parking space, says that until this week, the space was valued at $5,000.

“I think its prima fascia evidence that there’s been no attention to detail,” he said. The parking space, assessed at nearly $300,000, is attached to his condo with a value of  less than $230,000. Milesky added I can not figure why my underground parking space increased in value so much.