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Originally Posted by HalfMiler
Many thanks for the thoughtful responses. After my initial panic subsided, I did realize the rate has not yet been set. Fingers crossed our December bill will not be 3 times our June bill.
I did look at the data this afternoon. As far as I can tell - all waterfront land was bluntly bumped up to $2mm as a baseline. Looking at my neighbors, acreage and quality of land did not have huge impacts on the assessment, i.e. you're in for $2mm if you've got an acre and +$250k ish if you've got 10 acres.
I'll be interested in the values this year and next. Though assessed value does not equal market value, in looking at our assessment we did agree we could have sold for that number 6 months ago.....but now or 6 months from now? The market doesn't appear to be softening yet, but it does appear to be slowing.
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I don't see it softening. It is spreading out a bit. But I think people are confusing national news with local.