[quote=EconProf]LOVESD:

That is a healthy 24% drop from your purchase price in 2004. Do you think the new assessment corresponds to market value?

Any other Piggs get such a letter from the Assessor?[/quote]

Not sure, Appraised values and assessed values are not the same, correct?

Now, homes are selling for 270K, and the trend is downward.