How To Find Assessed Value Of Real Estate Property

📌 The assessed value of property-free resources 👉 👉 https://access.propertytaxconsult.com

Finding the assessed value of a property versus market value is not what meets the eye. Assessed value vs market value is different. Assed value is not the market value of a real estate property. The value of a home assigned by the property tax assessor may be drastically different than the market value.

So, how do you accurately calculate the value of a home with accuracy?
As a certified real estate appraiser, at the end of this video, I’m going to give you access to free resources that will help you do exactly that.

You’ll get a Free Assessment Valuation Worksheet, and access to comparable sold real estate listings for your area that will allow you to equalize the price of your home. Also, we will give you an overview guide map that will aid your overall progress.

The assessment given by your local municipality or county is based on a blanket assessment for that region. That assessment might have taken place 10 or 20 years ago. A mathematical percentage is assigned every tax year to give a dollar value to a property for tax purposes.

Market value or fair market value is the price a willing buyer will pay to a willing seller for a property in the open market.

To determine fair market value, one needs to locate comparable property to the subject home similar in square footage, location, lot size, style of home, quality and condition, age of home, curb appeal, number of rooms, and bathrooms. Also, other factors such as a terrific view, type of heating systems, decks, basements, garages, landscaping, and similar home features that the closest comps have or don’t have to your subject’s home, analyzed, results in a fair market evaluation.

If comparable properties made improvements or modifications to their homes and there was no municipal blanket reassessment for that community, for example: if the last blanket assessment was done 12 years ago, those home-assessed values would remain unchanged. That’s why we use comparable sold home pricing. It is a real market value reflecting what a willing buyer and seller agreed upon price.

Most comparable homes will have slight square footage differences. Use the average square footage dollar cost for that area as an adjustment factor.

For other differences, look at the differences between your subject property and those of the comparable properties and determine that difference in valuation. For instance, if your subject home has an attached 1- garage and a comparable property has an attached 2-car garage. Finding comparable sales might suggest a $22,000 valuation.

Other factors like flooring, updated kitchen, updated or outdated rooms, the layout of room and access to master baths, and nearness to recreation areas all play a factor. Our Free Assessment Valuation Worksheet, overview guide, and access to local comparable sold real estate listings will get you started.

We will also help you deliver a do-it-yourself real estate appraisal that is accurate and defensible. Did you know, The National Taxpayers Union is credited as saying that as much as 50% of all homes in the U.S. are over-assessed. That alone should spark a reason for doing some detective work.

Winning a property tax appeal lowers your assessment for years and saves you multiple thousands.

We’ll help you deliver a do-it-yourself real estate appraisal that is accurate and defensible. Use the Free Assessment Valuation Worksheet as a property tax calculator for finding the true property market value. 💫

📌 The assessed value of property-free resources 👉 👉 https://access.propertytaxconsult.com

Other Video Resources -
Property Tax Calculator For Assessment:    • Property Tax Calculator For Assessmen...  
How Do Property Taxes Work?:    • How Do Property Taxes Work?  
How To Win A Property Tax Assessment Appeal:    • How To Win A Property Tax Assessment ...  
Property Tax Assessment Appeal:    • Property Tax Assessment Appeal  
Assessed Value vs Market Value Calculation    • Assessed Value vs Market Value Calcul...  
How To Find Assessed Value Of Property    • How To Find Assessed Value Of Real Es...  
Property Assessed Value and Property Taxes    • Property Assessed Value and Property ...  
What Does A Home Appraiser Look For    • What Does A Home Appraiser Look For W...  



Time Stamps -
0:00 Assessed Value Formula
0:42 Valuation Resources
0:57 Assessed Value Example
1:17 Comparable Value Rules
1:48 Assessed Value & Property Taxes
2:57 Free Access To Resources

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