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Old Posted Jan 26, 2009, 1:18 PM
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Delirium Delirium is offline
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it's important to note that the top five listed above are based on assessed value and not market value. Assessed value is used by taxing authorities to determine taxable value only. Market value is the value of a home in today's market.

if you look at the first one, the assessed value is $16.3mil but its market value is around $30 million. big difference obviously.

that's why you don't see any condos in the top five either. there aren't any that have an assessed value of at least $16.3 million. not yet anyway.
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