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ASSESSED VALUE OF 2565 DUN WOODY AVENUE <br />1965 <br />1987 <br />1991 <br />1992 <br />1993 <br />1993 <br />1994 <br />1995 <br />House built <br />Purchase price was $575,000 <br />House remodeled - no square footage added <br />Assessed value of $452,000 <br />This is 78% of the $575,000 market value which was established <br />by 1987 sale of the house. <br />Purchase price was $800,000. Increase in market value of <br />$225,000 or 39% during a six year period. <br />Assessed value of $627,800 <br />Assessed value of $660,800 <br />Assessed value of $701,000 <br />Increase in 4 years of $248,200 or 55% <br />SUMMARY: <br />The home is 29 years old and remodeled three years ago with no square <br />footage added. We do not feel that the assessed value should increase from <br />$452,800 to $701,000 in four years which is a 55% increase.