Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : NNBM - SI Branch -- Ignore unavailable to you. Want to Upgrade?

To: altair19 who wrote (50175)	2/9/2006 2:21:25 PM
From: elpolvo	Read Replies (2) \| Respond to of 104216

a19- they're still in beta <g> Maybe its something in their algorithms that squews the numbers in some regions where there is low turnover of inventory and defaults to some percentage increase over the tax valuation number in relation to broader surrounding markets....just guessing yes. that may be what's skewing their numbers in NM. NM counties assess properties at market value but then the treasurer applies the tax mil rates to one third of the assessed value to compute property taxes (don't ask me why). my house is assessed by the county assessor at about $110K but zillow shows it at $36,321 (one third of the actual assessed value). zillow probably got their numbers from the treasurer's data instead of the assessor's data. i noticed that the listed assessed values for properties in the boston area are very near zillow's valuations. zillow needs to do some more homework on their algorithms or their assessed values for some parts of the country that do things differently as far as taxation and assessments. -polvs