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explodingkneez t1_j24e2pu wrote

>the new assessed value is identical to the closing price

Something is worth what someone is willIng to pay. You done ducked yourself.

5

rockybalBOHa t1_j24zijp wrote

The rules of the game are unfair.

Let's say "House A" and "House B" are identical and located adjacent to each other. In 2010, both houses sold for $200k. In 2015, House A sold for $250k, and in 2020 House B sold for $400k.

Should both houses be assessed for the same value in 2022 since their market value is the same ($400k or so)? Most of us would say "yes", but you'll find that is almost never the case. Identical or very similar houses oftentimes have wildly different assessments.

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