Quote:
Originally Posted by Bigtime
My place is definitely not worth anywhere near a million. $550K tops.
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Did you not get a tax assessment which stated what the assess value of your residence is? If yours was 500k and your parents was 500k you'd be paying the same taxes. Obviously the city has not pegged your properties at anywhere near the same value.
I believe your assessment is based primariily on your square footage and the average selling price of the residences around you.