One neighbor down the road purchased a lakefront home for around $980,000 this year. Did nothing to property. Straight purchase.
His new assessment is $1.3 million or thereabouts.
Same year. No changes.
How does that work?
Isn't the sale price the value of the house?
Doesn't this affect the value of all other lake homes on street - of similiar vintage and size? All have roughly the save assessment.
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