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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (80582)	4/2/2007 6:38:29 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

Of course Zillow matches the tax records closely. _ Zillow values are calculated by applying a formula to the tax records data. It doesn't take much pondering to realize that both Zillow and the tax assessor prefer higher prices. During the last real estate downturn, my business partner sued the tax assessor over their valuation of his properties. The reappraisal process resulted in a 56% reduction in the assessed value of his properties. The fact that Zillow closely matches the tax records doesn't mean its an accurate appraisal of the property value. .