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Answers (4)
- Naima Sumner, "Dallas Ft. Worth PRO"
- Contributions:2847
Hi Yesim,
Texas is indeed a non disclosure state and sales prices are not made public, only loan amounts are recorded and made public. This is what Steve was saying. This is the main reason that the zestimates aren't accurate for us in Texas. Zillow uses public data to compute the zestimate.
Even if your house was tax assessed at 256,290 by the appraisal district, the market value would be higher in Chandler's Landing.
Naima
Texas is indeed a non disclosure state and sales prices are not made public, only loan amounts are recorded and made public. This is what Steve was saying. This is the main reason that the zestimates aren't accurate for us in Texas. Zillow uses public data to compute the zestimate.
Even if your house was tax assessed at 256,290 by the appraisal district, the market value would be higher in Chandler's Landing.
Naima
- Kangal
- Contributions:2
Mr. Williams,
Texas is a open records state please check 108 Yankee ct on Rockwall appraisal districts web page you can see all the neighbors appraised value homes. Therefore I feel very confident to appraise district appraisals when you compare the same size hoses their appraised values very close. Please don't forget appraised values for the tax purposes not for the sales price . Sales price would be 20-35% higher.
Texas is a open records state please check 108 Yankee ct on Rockwall appraisal districts web page you can see all the neighbors appraised value homes. Therefore I feel very confident to appraise district appraisals when you compare the same size hoses their appraised values very close. Please don't forget appraised values for the tax purposes not for the sales price . Sales price would be 20-35% higher.
- Steve Williams, "SteveWilliamsRealtor"
- Contributions:7
Because Texas isn't an "open records" state with respect to real-estate sale prices, Zillow can only "guesstimate" a value for your home. If you're looking for a more accurate market-value assessment, you should contact a Rockwall-area Realtor and ask for a free CMA (Competitive Market Assessment). There is also a very good possibility your appraisal district value is not in line with true market value for your area. For that reason, you should think seriously about filing a formal protest with the district or hiring one of the many reputable firms that do that kind of work to represent you in a formal protest.
- wetdawgs
- Contributions:26789
A Zestimate is a value calculated from a statistical model related to possible sales price. It uses the core facts on the house relative to comps in the area. A tax assessed value is a totally different beast, and is what your town uses as the tax basis for your property. In some communities they are similar, in other communities 10x or more apart.
Appraisal district appraised my home for $256.,000
Regards,
Y.Saatci
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