[quote=briansd1][quote=Blogstar]
I was only asking if the assessor is really in compliance when raising the assessment in obviously falling markets?[/quote]
Yes I believe they are on the properties with low assessment purchased a long time ago.
But I think their IT system is old so they sometimes forget.[/quote]
That’s a good point about the long ago purchases. I can see that as being reasonable.
In my case,the property gradually went into over assessed territory in 2008/2009 due to construction valuation increases without adjustments for the falling market.Then they kept adding value to the assessment in a falling market 2010,2011,2012. Could just be a glitch, as you say…but it did work out in the tax collector’s favor. I may want to go back and talk to them about it in case it would be beneficial to have the historical high assessment valuation changed…or something like that.