tax assessment: DON’T MISUSE TAX ASSESSMENTS - 07/16/17 09:28 AM
Some are convinced that market values for homes can be somehow predicted from government tax assessments, not to be confused with professional appraisals. No doubt some of the confusion stems from the fact that assessment and appraisal both begin with the letter "A." Indeed, the stated goal of most local tax assessors is to assess in relation to market value. Of course, an average relationship between tax assessments and contract prices of recently sold homes can be calculated easily. But the idea that a government employee sitting in an office with some records and a computer can predict the market value … (2 comments)

tax assessment: MARKET VALUE ANALYSIS - Get it right! - 06/09/17 06:27 AM
In the “good old days” some of us might have presented sellers with a wad of printouts, offering a ration of verbiage about the expected price range. Some took a more direct approach and asked the seller what price he would like. Still others checked with the local tax assessor's office, deferring the decision on the home's value to the assessor. Nowadays it’s the AVM (automated value model) like Zillow. (See the AVM blog below.)
None of these methods is satisfactory. You will need to prepare an "appraisal style" market value analysis. The first step in the process is finding three (or … (0 comments)

 
David Rathgeber, Broker/Owner NVAR Lifetime Top Producer & Author (Your Friend in Real Estate, LLC)

David Rathgeber

Broker/Owner NVAR Lifetime Top Producer & Author

Arlington, VA

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