A couple in my neighborhood filled out the paperwork for the county assessor and I learned over this past weekend that their assessed value was reduced 20%. The comp they used in their application was a short sale in the neighborhood, and the assessor’s new figure came in at – viola – the short sale price. There was a prior sale at +$30K over the short sale amount, and a day or two before they received their reduction notice there was another sale closed at +$40K over the short sale amount, so they were very happy to say the least.