Neen Wrote:
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> The last question on this page explains why all of
> our land is worth more and our houses worth less:
>
http://www.fairfaxcounty.gov/dta/realestate_faq.ht
> m
I am willing to accept this as a one-time adjustment and move on, but I am still bothered by the fact that they seemingly made a big adjustment for accumulated depreciation in one year and I am trying to get my arms around what would have happened if this had been taking place on a straight line basis over the years (I am not an accountant, so the method may be wrong).
I noticed that the word 'equalization' is used quite a bit and was wondering if someone could explain what this means.