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Who sees the bank's appraisal after it's done? Does the county use the info? I live in Arlington, VA

  • August 14 2013 - Bluemont
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Answers (3)

As a certified appraiser, these answers are correct, the appraisal is the property of the client and is not submitted by the appraiser to the county or anyone ther than the client. That being said, regulation has changed over the previous few years and while an appraisal is performed for the client, any entity wanting to use this appraisal as a source of market value may legally do so if it is completed on a FNMA form. In other words the appraisal report does not have to have the specific lender name on it providng the loan for the appraisal report to be legally binding.
  • August 19 2013
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 I agree, the appraisal belongs to the client, and is shared typically with a lender and is generally not seen by the County unless the homeowner is petitioning for a reduction in the tax assessment. Then, the homeowner would share this info with the county to support their contention the taxes should be lowered.
Best wishes, Jim
  • August 14 2013
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The bank and the person who paid for it see it. Unless they show it to someone no one else, other than the appraiser, sees it or uses it for anything. The county uses the sale value itself, not the appraisal.
  • August 14 2013
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