- Miller Samuel Real Estate Appraisers & Consultants - https://millersamuel.com -

One Thing Leads To Another And Soon Or Later Its $400M

The story about the House valued accidentally at $400 million causes problems [News Sentinel] [1] was a simple compluter glitch gone bad.

The homeowner of this house [NWI Times] [2] got an $8M tax bill when they usually pay about $1,500 because the property was erroneously appraised for $400M [Chicago Tribune] [3].

Thats not the story.

How did this sort of thing slip through the system? It seems like very little budget or financial oversight in this process was involved.