On the boating thread titled "Spinnaker Cove Yacht Club" Codeman (I forget the numbers) wrote:
Quote:
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A neighboring lot to mine can be bought in the low $200's with comparable topography, frontage and a bit more acreage yet mine is appraised at $265k. The property in question has been on the market for a few years now with no solid hits.
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I got my new assessment today as well, and my one bedroom condo went up in its assessment by $51K however the assessment for the land, read that "common area", stayed the same.
I am not aware that any one bedroom condo in or around my unit with a comparable "common area" was sold this year so I wonder how they can come to this conclusion.
Since the letter I got said I only have 7 working days to respond (that means I only have until the 19th to do my homework. research etc.) I am at a loss as to how anyone can respond in a timely and knowledgeable manner.