Hello AWARE, with these new assessments, what is the time period for the comparable sales? 2010 or 2011?
Sales that occurred in 2010 since the fiscal 2012 assessments are "as of the January 1, 2011 assessment date."
For FY2012, arms-length sales from calendar year 2010 were used as comps for single family homes. Because there were so many invalid sales for multi-family homes, additional arms-length sales were used. Valid comps from July 2009 to June 2011 were used for these parcels.
Comparable sales submitted to the DOR are available through this link:https://dlsgateway.dor.state.ma.us/gateway/Public/WebForms/LA3/LA3Search.aspx
I look at the city's data from backing up their assessment of my property, then I looked at redfin.com. The city based my assessment on just one sale in 2010 in my area (zip code). redfin.com is a useful source for sales data. They have historical sales numbers for 2010. And 2011.Everybody should look hard at their assessments. Do not trust city hall, even if they outsourced the valuations.
Hello AWARE, following up on my comment. Is there a minimum number of sales that the city has to use to come up with a assessment?
DOR requires that the total number of arms-length sales in any residential class should be at least 2% of all parcels in that use class. If 2% is less than 10 sales, twenty-four months of sales for that class should be used. All commercial and industrial sales should be similarly analyzed.
Post a Comment