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Woodsy · 12-12-2017, 08:57 AM

RSMLP...

Sorry if my post was unclear...

You are right.... assessed value doesn't equal market value. But the post that started this was about an increase of 15%-35%+ jump of assessed value. (with waterfront homes taking the bigger percentage of the hit). The only reason the assessed value jumped is because the waterfront homes that have sold (market is tight, high demand and not a lot for sale), have consistently sold for 20%-30% higher than what they were assessed for.

Woodsy

12-12-2017, 08:57 AM	#33
Woodsy Senior Member Join Date: May 2004 Location: Weirs Beach Posts: 1,952 Thanks: 80 Thanked 971 Times in 433 Posts	RSMLP... Sorry if my post was unclear... You are right.... assessed value doesn't equal market value. But the post that started this was about an increase of 15%-35%+ jump of assessed value. (with waterfront homes taking the bigger percentage of the hit). The only reason the assessed value jumped is because the waterfront homes that have sold (market is tight, high demand and not a lot for sale), have consistently sold for 20%-30% higher than what they were assessed for. Woodsy __________________ The only way to eliminate ignorant behavior is through education. You can't fix stupid.