re: What value did NY courts place on MAL?

quote:

---

market value is 3x assessed value.

---

It must be different in residential. But when Houston goes through an oil crash, 100k people get laid off, but your assessed value increases to the max (10%) it raises questions.

I brought in comps, articles from the Chronicle, and they just told me to frick myself with a plunger sideways... They are about making sure the districts get the money they need, and not reality.

It's fantasy. In TX, for residential, assessed value is far higher than actual market value, and that was before the magic of interest rates. If I can't sell a house for (500k, example) but you change me taxes on a 750k house, on what basis are you valuing the home? It doesn't matter now, I'm never buying a property in this county again. The assessors around West Houston seem to be especially bad. But they literally just make shite up to support charging you more.

Hey, they house next door is valued at $135 a sq foot, they have a pool, and we don't? Totally reasonable we're at $180 a square foot from the same builder, the same year.

Just low key venting.