Quote:
Originally Posted by LoneWolf
Nobody is overpaying. Again, the price is determined by what someone is willing to pay. The price is also not decided by the county as most assessments are intentionally below market value by 5-10% on purpose. The county assessment of our home is roughly 70k below what the market says I could sell it for which is about 8% below market value. Our assessment went up 14% this year as real estate prices have continued to increase.
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"Nobody is overpaying"....I have spent years helping develop software that understands all facets and value drivers of each particular home. As part of this process, I am in direct contact with hundreds of local homeowners for many reasons, the latest of course is dominated by the county valuations. I spent this week with a retired vet whose tax bill went from $3,100 to $7,700 in one year. His home hasn't been updated since purchase in 1993, and has experience much deferred maintenance, such as wood rot, deck rot, a slow plumbing leak that destroyed a 10 x 30' section of ceiling in his lower level, and now has black mold eradication to deal with. And you are saying he isn't overpaying. That's the apex of ignorance and arrogance.