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"Gee, it’s almost like the value of real estate increases over time."...Do counties ever decrease the valuations in deflationary periods? Do they consider that the increase in top range values in a given neighborhood or market are are due homes that have been completely renovated and reflect "farmhouse/industrial/scandanavian" features, and that the elderly and low-income do NOT renovate their homes, therefore have valuation far below the top range. The top range is easy, you have have sale data from the past three years, and that is fair...its the inability or unwillingness to value properties on a granular level that is the problem here. They paid people to canvass the blocks and make some kind of judgments based on exterior visuals, which has proven to be inadequate. Perhaps their goal all along is to turn over properties and force the elderly and low-income out? That's certainly the most efficient way to ensure renovations and a higher tax base.
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