Quote:
Originally Posted by codeman671
Figuring 2007-2008 used, yes the value is higher but out of all the pages of used Carvers only a handul were over the assessed value of your property. Regardless, my point was that assessed value and market value when it comes to waterfront/island property are no where near comparable by a large gap. I can provide a few examples from Mark is you like. This has been covered previously in FLL's post about property taxes.
If you were to list your property today do you feel $347k is a fair asking price, a price that you would cash out at? I doubt it highly, being that the true market for the land alone is not far from that.
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We were talking about A NEW big Carver. That is what I originally posted.
The market value a year or two ago was higher. At that time there was a gap between the tax value and market value. However with the drop in the market I think they are about the same, as my experience proves.
Last summer we purchased the empty lot next to ours for exactly 200k. Its tax value is 185,600. Again very little difference, and probably even closer by now.
I think property values are lower than you think. Certainly they are on an island. And as you can see the price of Cabin Cruisers is quite high.
Sorry if this puts holes in the "rich landowners wanting to get rid of the poor folks in cabin cruisers" theory.