1) The new assessment is based on values as of Jan. 1, 2008, compared to Jan. 1, 2007. So the 2 percent change supposedly represents the change in property values during 2007 -- not this year. (The assessments are always a year behind.)
2) Are assessments more reliable than zillow? I don't really know. But when I look at home sales, I've noticed the numbers often differ substantially from assessments. Has anyone else noticed that? If you bought or sold a home in the past few years, was the assessment on the mark?
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Date: 2008-12-08 12:21 pm (UTC)1) The new assessment is based on values as of Jan. 1, 2008, compared to Jan. 1, 2007. So the 2 percent change supposedly represents the change in property values during 2007 -- not this year. (The assessments are always a year behind.)
2) Are assessments more reliable than zillow? I don't really know. But when I look at home sales, I've noticed the numbers often differ substantially from assessments. Has anyone else noticed that? If you bought or sold a home in the past few years, was the assessment on the mark?