Quote:
Originally Posted by phoenix
Local realtor that makes sense but now with so few houses selling you can distort values by a small number of sales both up and down. they could have alays said too few comps so prices stay the same for classes that don't have an adequate numner of sales. Changes like they producted only cause a lot of heartburn to all ( at least the ones who were increased)
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Being a former RE appraiser(which is different than an assessor) I can tell you, that not having any sales in an area adds difficulty to the job. You still have a job to do. One must use the information available, even one comparable sale, and adjust accordingly. Not knowing the area and what drives buyers on these areas would make the job of making adjustments more difficult.
In response to all the hubbub in regards to assessed values, you still have the option of a tax abatement. You can spend the money and hire a professional to work for you justifying a different value. To be worth that expense the professional must then be able to produce comparable sales and rational adjustments to those sales that justify a lower value. It's not unheard of by any means.