Mitchell Lake Topics: LM Lot Pricing - In Depth Study Pt 1
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Name:
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John C
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Subject:
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LM Lot Pricing - In Depth Study Pt 1
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Date:
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3/26/2014 3:23:54 PM
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I think allegedly the tax assessors use the sales comparison approach. I say allegedly because the only person that knows is the person that sets the value. If I were assessing hundreds of lots I will admit there would be a temptation to find some kind of shortcut. For me, the big question for assessors is not how they got the value, but what their value is. Unless they're way off, I don't advise fighting it. You have to get an appraisal, go through a long process, and people usually lose. It's hard to fight "city hall."
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