Freeze valuations of older residents

Published 11:16 am Saturday, May 3, 2008

Regarding the Tuesday article, “Tax bill stings woman, 92,” where her “bill jumps $6,532 after property is reassessed,” I would like to make two comments. 1. The home valuations of residents 65 and older should be frozen until the resident moves out. 2. The true valuation of a property can only be established when there is a sales agreement between the buyer and seller of the property. Any other method is theoretical.

KAL LEICHTMAN