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I never said otherwise.

Around here, properties are re-evaluated every year. The very first thing the bank does when you apply for a securtiy-backed loan is to asses the value of that security. Around here, that means they go to the County Tax Assessor's web site and look up the property valuation that has been set for...

OH? How do you think it works?

In a sense, yes. It's true that the tax assessor assigns a value for tax purposes, but I have the right to dispute that figure and regularly do so. However, that process is fully documented and signed off by both myself and the tax assessor's office. If I later want to borrow against the...

Why am I not surprised that you have no idea what you are talking about. Banks and insurance companies are only interested in the money. They not concerned with values so much as they make the loan, sell the paper, make a lot of short term money and move on. The municipality is the one losing...

And/or was traded for top-secret intel...