[quote=flu](Note to self: prior to purchasing another property, search the tax rolls on the same street…just in case, because you never know) . . .[/quote]
slightly OT: flu, this exercise will prove to be useful, ONLY if the block wasn’t built before April 1978.
Those tax bills protected by Prop. 13 are IN NO WAY representative of today’s value.
IMO, tax bills of current *newer* owners who purchased their properties more than ten years ago on pre-April ’78-built streets and more than 15 years ago on post 1991-built streets are ALSO probably not anywhere indicative of today’s value.
Reread the above paragraph, ponder it a little and you’ll understand what I am saying here. In short, the older the street and the more “custom” properties on it, the less price fluctuation in value (up or down), no matter when purchased (unless multiple rehabs are taking place within the same block at the same time).
>60 year-old blocks = generally more custom-built properties than newer blocks.
