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d. The remaining equity in countable real property is countable resources for Medicaid. If countable assets exceed the resource limit, the value of the real property may be rebutted. E. Rebuttal The current market value of real property, based on its tax value (See VII.D.1.), may be rebutted by documentary evidence to establish a lesser value. NOTE: Also follow these instructions for rebuttal of the current market value of a promissory note. (Refer to MA-2240, Transfer of Assets, IX.C.) 1. Documentary evidence is a statement from a knowledgeable source located in the same geographic area as the property. (For rebuttal of personal property, see VIII.E.) NOTE: Geographic area is the same area as covered by local radio, television, newspaper and other media. 2. The statement from the knowledgeable source must be written, signed and have enough information to identify the source easily. It must: a. Be specific as to the value and the point in time for which the estimate is made, b. Provide a reason for the value of the resource being less than the value established by the policy in this section, and c. Include the basis for his knowledge or expertise. 3. If the statement is questionable, the county must obtain an estimate from another knowledgeable source and use the average value. The county must use its judgment as to whether or not a statement of lesser value is questionable. It must document in the record the reason for doubting the statement. The statement may be questionable if: a. The value of the resource provided in the statement is substantially lower (more than half) than the value determined following the policy in this section, b. The reason given for the lower value does not seem to support the lower value, c. The source providing the statement of a lesser value does not have experience with valuing real property in the county or surrounding counties, 46