Thank both of you to answer this question. What I found from CMA report for the subdivision of Andover is the sold prices this year for all homes didn't drop at all and they were close to 2008 tax appraisal values. That's why my client is wondering and I feel I don't have a good answer for her about 2009 Tax Appraisal.

Since the tax bill depends on the relative value of these properties to all others in the taxing district, the question is how did these properties do compared to others nearby?

It is possible that a couple of sales occurred on Andover that were 14% lower than previously valued in CAD, and the appraisal model ties the values of all homes on the street to each other tightly so that even one low sale drops all of their values. Bruce is right - we just don't know how the appraisal district decides exactly.

This is tax appraisal....not bank appraisal.
No one but the chief appraiser knows how their model works.
I often think not very well.....many people complain that tax values go up in a down economy.
I often see swings from year to year like this.
Just remember tax values are not market values.

This is tax appraisal....not bank appraisal.
No one but the chief appraiser knows how their model works.
I often think not very well.....many people complain that tax values go up in a down economy.
I often see swings from year to year like this.
Just remember tax values are not market values.