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Replies (3)
- Dan, "the_country_hick"
- Contributions:4700
No. The general rule of assessment is to be within 10% plus or minus when it was done. Even then it could be off more either up or down. As an assessment is not done every year due to expense even if it was accurate when it was done it could be very wrong today.
Some towns even purposefully make the assessment low on everyone or high to manipulate tax rates not bills.
Some towns even purposefully make the assessment low on everyone or high to manipulate tax rates not bills.
- Suzie Crudo, "Wholenewattitude"
- Contributions:16
By LAW it MUST be within 85% of the true market value.That is an UNtrimmed assessment.
That means the value of these homes do NOT have improvements and upgrades factored into that value.
That is why ONLY a certified appraisal at the current time of sale or listing will show the accurate snap shot of the home's value as compared to other like kind properties.
Many of our homes sell upwards of 20% above that number.
Mostly because of the proper pricing,presentation and photography.
That means the value of these homes do NOT have improvements and upgrades factored into that value.
That is why ONLY a certified appraisal at the current time of sale or listing will show the accurate snap shot of the home's value as compared to other like kind properties.
Many of our homes sell upwards of 20% above that number.
Mostly because of the proper pricing,presentation and photography.
- Keith & Kinsey Schulz, "Keith And Kinsey"
- Contributions:76
Most municipalities will show an estimated fair market value, and an assessed value on their tax statements. The estimated fair market value is the assessors opinion of value. Although, I have seen homes sell for 30% more or 30% less than what the assessor thinks it's worth.
Currently the condo I live in is assessed at $149,000, but there has not been a unit that has sold for more than $139,000 within the past 2 years. So, do not trust the assessment when considering value. Always look at current market comps.
Currently the condo I live in is assessed at $149,000, but there has not been a unit that has sold for more than $139,000 within the past 2 years. So, do not trust the assessment when considering value. Always look at current market comps.
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