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[quote=Anonymous]OP here, in my neighborhood the homes were built in the late 1800s. My house is identical to five houses on either side. The house next door is in terrible shape yet Zillow says $50k more than ours, the house to the other side is in excellent condition (I'd say ours is good), recently renovated and yet Zillow says only $20k more than the house that's almost falling down. The prices are directly in relation to the taxable assessment. I successfully appealed my assessment back in 2004 (at that point my house was assessed much higher than all the comparable properties) and because of that they seem to have kept my increases lower than neighboring homes (actually in the last couple of years have had decreases like much of our zip code, despite healthy and increasing sales). The poor condition house next door has changed hands a couple of times triggering a re-assessment so is listed relatively much higher than mine. So while comps may be what Zillow says they use, it's pretty clear that the tax assessments are a huge factor on my block at least.[/quote]
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