The Assessment Con: The Big Lie at the Heart of Computer-Assisted Mass Appraisal
The Assessment Con: The Big Lie at the Heart of Computer-Assisted Mass Appraisal by Daniel Adams
English | November 23, 2024 | ISBN: N/A | ASIN: B0DNXS6Z6B | 199 pages | EPUB | 1.68 Mb
English | November 23, 2024 | ISBN: N/A | ASIN: B0DNXS6Z6B | 199 pages | EPUB | 1.68 Mb
How can a house that just sold for $650,000 be valued at $520,000 after a mass appraisal? A Harvard-educated, veteran journalist takes readers on an entertaining journey through the Byzantine world of assessments to show what’s wrong with how assessors figure out property values.
You’ll learn why “similar treatment of similar properties” isn’t as convincing as assessors would have you think. You’ll learn how they can create neighborhoods out of thin air to manipulate model results. You’ll learn how they cleverly sow doubt about sale prices representing market value—but only when it’s convenient for them.
Most important of all, you’ll learn about the statistical illogic at the heart of how computer modeling is done to determine home values: the assessment “con.”
“The Assessment Con” is the first book crafted to be a lively, engaging read about a topic that affects tens of millions of homeowners through their property taxes.