When evaluating a property by the tax assessment, do subtract the repairs that the property needs?
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Free registration at the forum removes this block.Assessments questions
- Thread starter quynn
- Start date
- REAL ESTATE
SoBayJim
New Contributor
I agree with Kurt, the assessed value is nearly useless in an evaluation of income property.
skeebadeek
New Contributor
The assessed value is usually a percentage of the average sale price in the area. Its pretty much useless as far as finding the value of a home. Many states only do it every 3years, so more than likely its not up to date anyway.
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