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overassess |
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Without insight into current real estate market conditions, your properties may be overassessed, and you may be paying more real estate taxes than are appropriate. Wilson estimates a majority of downtown North Bay commercial properties are "100-per-cent" overassessed and cites one property being assessed at $189,000, which sold for $55,000, another assessed for $290,000 and sold for $140,000. If the real estate market declines sharply during the revaluation or soon after, the County will once again face angry and overassessed property owners. |
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