If you look at the assessments around lagua bay there are some significant discrepancies. It really comes down to the have and have nots. Those that have a vote seemed to have faired better than those that don’t have a vote (or those areas that are previewed to have the least voting residents), for the most part. And if the city is just now figuring that their assessment of waterfront property was 30% too low, who was asleep at the switch on that? And remember they didn’t change the assessment on the structures for the most part, just the land. Look at real estate comps, they didn’t go up by 30% this year.
And yes the value of my property is tied to the amount of services that are received from the city, because in addition to all the maintenance, trash, snow removal the taxes are still the same as others, so someone looking to purchase the property has to factor in all those costs
|