"Assessments, calculated largely off the previous calendar year's sales, lag the market. As a result, the average assessed value for homes is likely to dip again this year - as it has for many of the communities whose figures have recently been certified - and could do so next year as well."
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Date: 2008-12-08 03:39 pm (UTC)"Assessments, calculated largely off the previous calendar year's sales, lag the market. As a result, the average assessed value for homes is likely to dip again this year - as it has for many of the communities whose figures have recently been certified - and could do so next year as well."