Re: Why Hasn't Atkinson Gone Tits-Up?

Posted by Peter Bealo on August 03, 2008 at 20:55:36:

In Reply to: Why Hasn't Atkinson Gone Tits-Up? posted by Dennis Herrick on July 30, 2008 at 08:27:41:

The quoted assessments aren't what is PROPOSED, they are what they would be if the assessors/selectmen didn't change them to bring them to the same level. Hopefully 100%.

My understanding is (and no, I am not an assessor nor do I play one one TV!!) that over time due to market and economy changes the assessments for various types of properties rise and fall. The assessor must periodically go through the properties and determine if the assessed values for the properties are more, less or the same as their market value. What the article says is that if Corcoran DOESN'T adjust valuations that industrial sites are NOW assessed at 114%, Condos NOW at 105%, Single family homes NOW 106% and Businesses at 95%. Corcoran will attempt to rectify these situations to bring ALL properties to 100% across the board. And remember - all of this is ON AVERAGE. Any given property will be slightly higher or lower than average. That's just how statistics works.

Will he succeed perfectly? Heck no. In a large enough population of properties and people (the market) there are value fluctuations DAILY. He just tries to keep the differences "in the noise" or at least within reason.

Just my opinion and I may be wrong. But I doubt it in this case.

Peter Bealo

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