I think the issue of a view is that a view is just not able to measured in a quantative manner or some might say a fair manner. I highly doubt that they overinflated or over-assesed property values. I just think they have little to comp the properties with. The problem lies with how do you actually put a dollar value to a view. The people with views, who have been relatively left alone by the tax assessor, are finding themselves with huge jumps in property value as property with a view is becoming more and more popular.
I think that a natural progression is occuring with property. First the waterfront homes skyrocketed in value as they became popular. Once the waterfront was all bought up/scarce/ultra expensive, people wanted water access, so that property skyrocketed in value as well. Now, all thats left is property with views. They are joining the waterfront and the water access properties in popularity, exponentially increasing thier value and thus thier taxes.
Woodsy
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