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How can the assessor say my property is worth $320,000 when Ipaid only $160,000 for it three years ago?

April 26, 2017assessor Property three years ago worth

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How can the assessor say my property is worth $320,000 when Ipaid only $160,000 for it three years ago?

1 Answer

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The current valuation reflects the changes in the real estate market since you purchased the property. Sales that have taken place in the past three years indicate that the market of your property has increased.