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Old 08-14-2010, 04:56 PM   #33
phoenix
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i think this is partly caused by the yearly update. in a tight market too few homes sell to get a real statistical evaluation of comps. In prior times houses were reassessed say every 5 years which gave enough comps to get fairness. If not enough houses sell them they should leave assessements constant until they have reliable data to defend. I know in my area nothing has sold( three have tried for a couple of years) and yet assessements went up
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it's tough to make predictions specially about the future
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