Property Tax Assessments As Fantasy Valuation: "The Hook" Confirms Charlottesville Doesn't Include Short Sales and Foreclosures in Its Calculations

How's the Charlottesville real estate market?  As we just noted, prices here are declining much more than in Cities tracked by the most widely-watched national index.  Many owners are drowning in negative equity or effective negative equity.  But you wouldn't know it from the tax assessments.

We've posted about why assessments mean so little to buyers (see also this) and have opined about it for