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Is the states real property equalization formula flawed? I do not have a PHD in math but my nephew does! Here is his response to this question.
![erie county real estate transactions jan2019 erie county real estate transactions jan2019](https://www.rentgrace.com/images/Median%20Erie%20Housing%20Rental%20Rates.png)
If you live away from the waterfront, these sales are not representative of property values in your neighborhood. The NYS formula ONLY uses the highest real estate sales which are mostly lakefronts selling for $1 Million plus. The big question: Is the real property equalization formula used to calculate county taxes fair to Evans taxpayers?
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