TRIM notice-assessed value increase
I recently received my TRIM Notice. My assessed home value increased by $11,000. Is such an increased assessment typical?
My neighbor, whose house cost $30,000 more than mine, has an assessed value which is thousands of dollars less than mine. (We both bought new and closed the same day. We both have the same homestead exemptions.) Does anyone have any insight as to how assessments are determined? There doesn't appear to be much rhyme or reason to it.
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