Monday, February 07, 2011

Tax-Assessment "Comparables"

Oooohhhh.

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

No comments: