chaz wrote in message ...

"doubter" wrote in message
.. .
On Mon, 12 Dec 2005 16:04:09 -0500, "chaz" wrote:
.. . .(snip). . .

As I stated, I have gleaned both the latest sales figures and assessed
values. In comparing them I found that the assessed values were in some
cases WAY off what the local sales have reflected.

thanks



In many places, that's the way it's supposed to be, by law. I have
an assessed value which is supposed to be 50% of an estimated sales price,
and a "State Equalized Value" which is again different.

Although the assessed value is supposed to be 50% of an estimated sales
price, there tends to be only a moderately strong correlation between the
estimated and actual sales prices with the actual about 10% higher in my
town.

If you can get your hands on the Multiple Listing Book or some other source
of recent sales prices, you can plot your own correlation between assessed
and actual.

Regards
Old Al