Quote:
Originally Posted by topfiverecords
Oh, the annual debate over the irrelevant number.
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Is it really irrelevant though? The values for my street are all over the map. I really have no idea how the city comes to these values, but its a shambles. Honestly, for a city that complains about money and the budgetary fix it finds itself in, it seems like a good start would be to nail down these figures.
I'm going to say my house is average in my community, and certainly not the most expensive. There is a place a few doors down, which is arguably the same in terms of value and its assessment is 35% less than mine. My neighbour on one side is about 10% more than me and on the other is about 23% less. It's completely irrational.
And as far as the relevancy goes, when you're off by double digit percentages it's entirely relevant. I had my home value "increase" (according to the assessment last year, which I felt was wrong as well) and my tax increase was not double, but close enough. Obviously for me that's frustrating. But again, for a city that has no money for things you would think that they would address these issues and make sure they're collecting the right amounts.