One more example from the property above. I mentioned earlier that I don’t have any
idea what the “Statistical Model Estimate” is supposed to represent or how it’s
calculated. This is why.
If you look at the Statistical Model Estimates for the comps
on the “Assessor’s Comparable Sales” from the property above, and compare the
statistical model estimate to the corresponding sale price and the adjusted
sale price for the same column, there appears to be no correlation to anything.
Further, the value of the statistical model
estimate for properties listed on here as comps, do not match the value on the comparable
property’s own “Assessor’s
Comparable Sales” page. Yet this statistical
model estimate value is ultimately used as a factor in determining the market
values.
If you click on the blue “I” next to the row description,
you’ll see this:
Wordy, but not very helpful, and doesn’t explain why the statistical
values are so inconsistent with the property values. Nor does it explain multiple varying values
for the same property.
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