Quote:
Originally Posted by troutman
City Tax Assessments? Though, they usually seem to be below market value.
|
That is one way to look at it....
Of course inflated market values may just be above the more realistic true property values that the city has more interest in realistically valuing over the long term then speculators over the short term?
In fact i would suggest most city valuations are also high. But that they take a middle ground between inflated market value and true value - finding a good balance between the two more represntative of long term trends. So if your market value is $400,000 and the city says $380,000 i am guessing long term value is $360,000. Just my opinion though.
Claeren.