Real Estate Slow Down????

PROPELLER · 10-19-2005, 12:39 PM

Lakegeezer brings up an interesting point. Cities & Towns & assessors had knee jerk reactions to increasing sales prices in the last few years raising assessments dramatically. If sales prices in the future go down will they have the same knee jerk reaction & reduce assessments? I doubt it.

However, if owners begin to request abatements & use recent sales to support their request how will the Cities & Towns deny these abatements?

10-19-2005, 12:39 PM	#1
PROPELLER Senior Member Join Date: Jul 2004 Posts: 340 Thanks: 0 Thanked 0 Times in 0 Posts	Lakegeezer brings up an interesting point. Cities & Towns & assessors had knee jerk reactions to increasing sales prices in the last few years raising assessments dramatically. If sales prices in the future go down will they have the same knee jerk reaction & reduce assessments? I doubt it. However, if owners begin to request abatements & use recent sales to support their request how will the Cities & Towns deny these abatements?