Monday, February 07, 2011

Tax-Assessment "Comparables"


Neat scheme, indeed!

...the county inflated values in scores of neighborhoods by using foreclosures seizures as comparable sales. The seizures, termed credit-bid sales, represent not money changing hands, but unpaid mortgages when a bank takes over a house....

Might be fun to review YOUR County's procedures, no?

HT: Ticker

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