Quote:
Originally Posted by jawagord
Doody said that just a year ago when she moved her company to the Inglewood building, the property was valued at $800,000. Now it’s valued at $2.2 million, which led to a significant increase on her tax bill.[/I]
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Keeping up with real valuation has been a problem - they should have been inching up the building's valuation more quickly so that this year would not be as big a shock.
As an aside, this is one of the reasons I've always advised people to consider purchasing homes instead of condos - because it is the land that will increase in value, whereas the built structures will always depreciate (not unlike cars).
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