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Questions and Answers / Re: Collaberative Effort
« on: February 07, 2013, 08:11:37 PM »
Frank:
You are right - your comments won't get you a free beer.
I think that the thing that bothers people about MPAC is the absolute reliance on their model. MPAC is not willing to admit that the model will not work in some cases.
I too am aware of situations where property was bought and sold on MLS (and had been on MLS for at least a year) Where MPAC's model spewed out an assessment 30% higher than the sale price. MPAC made no change on a reconsideration and only folded a day before the ARB hearing.
You are right - your comments won't get you a free beer.
I think that the thing that bothers people about MPAC is the absolute reliance on their model. MPAC is not willing to admit that the model will not work in some cases.
I too am aware of situations where property was bought and sold on MLS (and had been on MLS for at least a year) Where MPAC's model spewed out an assessment 30% higher than the sale price. MPAC made no change on a reconsideration and only folded a day before the ARB hearing.