Reply to Real estate assessment

Forum Index » Real Estate

Reply to "Real estate assessment"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Assessments take the average sales prices of comparable sold properties to value yours (not to be confused with an appraisal).  The county assessor looks at your square footage and lot size and their computers do the rest.  My appraisal on a refi one year came in $30k lower than the county had assessed my property and I still couldn’t win the fight with the county to lower my assessment.  But normally an appraisal is higher than an assessment.  Assessors don’t care about fit or finish and I’m shocked they inspected inside (maybe looking for finished versus unfinished spaces)?[/quote]
This is OP. The. Then they should be clear that it’s not tethered to fair market value. The quality of the finishes contribute to the market value of the home, don’t they? I checked a box on a form that my home value was not in line with fair market value of the house. My house is one of 500 little row houses built at exactly the same time; many are finished much nicer than mine, but I could never sell mine for what those are going for, and mine is valued SIGNIFICANTLY higher (hundreds of dollars in property taxes per year). It seems arbitrary. [/quote]

In general, assessments also factor in last sales price, in part because recent improvements like decks, additional bathrooms, finishing a basement, etc, have been updated. So if those others haven’t been sold recently, they could be less than yours. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics