1. There was a home on the parcel in years 2001, 2002 and 2003 and 2004.  If the parcel was a vacant lot in any year, it was not included so as not to skew the report.

2. The column is highlighted in blue for the year 2004, the year of the reassessment in Neighborhood Code 4805.  The report is currently sorted by the address of the parcels.

For this neighborhood code, I have created two reports--Report 1 for the parcels that were actually in Neighborhood Code 4805 in 2004 so they would have been part of the reassessment process (some of the parcels were actually moved in from Neighborhood Code 4807 (Older Subdivisions) and are highlighted in green on the report) and Report 2 for the parcels that were in Neighborhood 4805 prior to 2004 and were moved to other neighborhoods and therefore not part of the reassessment.

If you would like to view an Adobe pdf copy of my spreadsheets, please click here for report 1 and click here for report 2.

Here are some facts about Neighborhood Code 4805 and the 2004 reassessment:

If you live in Chadwicks, look at the reports for any homes in your area or homes that you are familiar with before you decide what these reports are showing. We certainly are not able to physically look at all the properties that weren't increased.  These reports are provided for your information only.  Sales for each property are now included in the Assessment Program and would be helpful in determining if a property has increased in value.

If you think that because you are not in Neighborhood Code 4801, 4805, 4807 or 4809 or 4813 this doesn't affect you, think again.  It impacts everyone!  Stay tuned for our review of other neighborhoods!

If these reports bother you, we urge you to call your councilman.  Unless we let them know how we feel, they will continue to deny there is a problem.  They seem to be good at doing just that!

The International Association of Assessing Officers (IAAO) defines a neighborhood as "(1) The environment of a subject property that has a direct and immediate effect on value.  (2)  A geographic area of properties sharing important location characteristics defined for purposes of market analysis or modeling (typically with fewer than several thousand properties)."  Notice both of these definitions revolve around the notion of effect of location on value.

In simpler terms, a "neighborhood" consists of properties that are comparable in terms of the probability of a buyer being equally as interested in buying House A as they would be in buying House B.  In other words, if I was a buyer, I would not be interested in looking at a house in a neighborhood code made up with homes that are 1,000 sq. ft. when I intend to buy a 5,000 sq. ft. home. Therefore, the 1,000 sq. ft. home should not be in the same neighborhood code as the 5,000 sq. ft. home.