We've been over this subject in other threads, assessed value means nothing, nor does 'fair market value' or what something sells for... bottom line the tax rate is set based on the total assessed value of all property in town. If the rolling average of assessments are high the tax rate will be proportionately lower. If the rolling average of assessments are lower the tax rate will be higher. So go the games of what's your house really worth? Answer, what somebody is will to buy it for. A true indication in my opinion of fair market value. Now the new owners take that to the town and ask for a 26% (trusting your calculations here) drop in their assessed value think they will be successful? I highly doubt it!
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