View Tax???

[jonr]

Originally Posted by Rayhunt

I just dont believe anything subjective should be used to calculate an assesment. If you own water front its "how many feet".. your structure is based on square footage etc..

I don't buy this argument. Even if sq feet of waterfront is usually objective (except when it curves!), the question is not how many feet, but rather what is it worth. The only way to figure that out is to look at comparable properties and try to account for other differences. That may not be exact but it's not just blind guessing.

The issue isn't what the assessor thinks of the view (which might well be subjective). It's what other properties with similar views have sold for adjusted for their other differences (sq feet, 1 garage vs 2 garages, age, etc). Nothing any more subject in that than any other value metric. The real issue is how does the market value that kind of view.