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Message: <blockquote data-quote="Fester" data-source="post: 420924" data-attributes="member: 6300"><p>They value it off of comparables in the area. Houses that have sold that are similar to yours. So it does take into consideration the sq foot, the condition inside and outside of the house. The one problem I have, and this happened to me, is there are no comparables that sold in my area..so guess what? It goes off what the assessor feels it could sell for...thats pretty open to interpretation I would say. Also like people have said, out of state money can come and purchase a house for way more then it really is worth..happened close to me and they go off that value as well. Guys on here bitch about out of state money flooding into the area if this were to pass but they don't realize it's already here...and current property taxes aren't going to deter them when they were paying triple that in CA.</p></blockquote><p></p>

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