On Guilford County and City of Greensboro Property Revaluations: Some numbers that have not been refuted since June 13, 2012

What are the chances of 1,275 Guilford County homes worth between $500,000 - $599,999
rising an average of $17,411 between 2004 and 2012?

What are the chances of 1,275 homes worth between $500,000 - $599,999
rising about 15 times as much as an average Guilford County home
between 2004 and 2012?

What are the chances of the values of 1,275 Guilford County homes
worth between $500,000 - $599,999
rising by a total of $22,199,648 between 2004 and 2012?

http://www.uncg.edu/bae/cber/tbi/apr12/index.htm

A few Guilford County Revaluation Outcomes:

Less than $100,000

Count - 47,549

Share of Homes - 34.8%

Average Property Value Change -6.5% or -$4,581
.
.
.
Between $100,000-$199,999

Count - 56,637

Share of Homes - 41.5%

Average Property Value Change + 1.3% or $1,866
.
.
.
$200,000+

Count - 32,422

Share of Homes - 23.7%

Average Property Value Change +2.6% or $8,443
.
.
.
The highest priced homes took the biggest hit after 2007,
yet they went up in value more than homes worth less than $100,000?

Were forclosures taken into account for the bottom
but not the top?

What are the chances of 420 Guilford County homes worth more than $1,000,000

rising an average of $42,541 each

between 2004 and 2012?

This outcome seems to contradict what many thought occured
after 2007.

I have spoken to more than several
about how the assessed value Guilford County came up with,
is not close to what some homes could be sold for.

What are the chances of 420 Guilford County homes worth more than $1,000,000

rising about 35 times as much as an average Guilford County home

between 2004 and 2012?

"Page 3 of the Guilford County “Schedule of Values,”
which covers data behind this year’s real-estate tax revaluation,
cites a statute that says market value is defined as
“the price estimated in terms of money at which the property would sell
between a willing and financially able buyer and a willing seller,
neither being under any compulsion to buy or to sell.”

What are the chances of the values of 420 Guilford County homes

worth more than $1,000,000

rising by a total of $17,867,405 between 2004 and 2012?

But on page 7, under “Distressed and Forced Sales,” it says,
“Both foreclosure and short sales have been largely responsible
for a 20 percent decline in the average selling price of existing homes
over the last three years.”

And “staff appraisers will consider all sales that have occurred
in each appraisal neighborhood over the last several years
but a greater weight will be given to comparable sales
that have happened without duress.”

If computer model-based “mass appraisals” were the main tool,

how did the county know which sales were distressed or forced?

If these two sets of measures contradict each other,
how can anyone know what actually happened to whom in the revaluation
if Guilford County won't release the data?