Tax Assessed Value VS. Market Value

By
Services for Real Estate Pros with WA Real Estate Solutions

Tax assessed values is a gauge that you can start with to determine value but not always the determining factor.

Some counties are using closer to market value as their assessed value and evaluate it ever year, like Snohomish county. Some cities, like Mount Lake Terrace, are closer to market value and in order to do a rehab and flip it, you would have to get the property way below assessed value to make any money.

This also can be true when it comes to land. I have a situation where an investor bought a piece of land below assessed value in Bellevue and has now tried to sell it to break even, but can't because of the market. So beware, assessed value is not always a good indication of ‘getting a good deal'.

Roz Burton-Torres

WA Real Estate Solutions

 Direct 425.894.8558

 Office 425.825.0121

 RozBT@WARealEstateSolutions.com

 

 Do you know any one who needs to:

 -Sell their house AS IS at a fair price?

 -Buy a property on our Rent-to-Own program?

 -Invest in real estate?

 

We have creative WIN WIN solutions for everyone involved.

http://www.warealestatesolutions.com/


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