The figures tell a shocking story.
I have recently reviewed RMLS Sales for July for Single Family existing homes and is reviewing the data I learn something very disturbing to fair minded citizens.
The overall Median % over assessed is 21%. But when you look at sales price it is even worse.
What this table shows us is that the poorest amongst us and carrying an unfair portion of the tax burden. The Single mothers and those looking for affordable housing are being hurt the most by our current assessments.
The overall Median % over assessed is 21%. But when you look at sales price it is even worse.
| Sales Price | Median % Over Assessed |
| $0-$200,000 | 27% |
| $200,00 -$300,000 | 17% |
| $300,000-$400,00 | 15% |
| $400,000-$500,000 | 5% |
What this table shows us is that the poorest amongst us and carrying an unfair portion of the tax burden. The Single mothers and those looking for affordable housing are being hurt the most by our current assessments.
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