When you receive the tax assessment for property and a house how close to market value is it usually? Can you sell it for more or typically less?
Our townhouse is assessed way too high imo. The same units in our neighborhood are selling for about 25K LESS thanks to the market. I am appealing, and hope to get my tax bill lowered.
Answer by KairisMama at 10:02 PM on Oct. 20, 2010
Answer by Scuba at 11:54 AM on Oct. 20, 2010
An assessment is just that but you can go higher but you run the risk of not selling. So the realtor goes with the other homes that have sold in your neighborhood as a guideline. That why a realtor does Comps to see how much you can ask for in your home.
Answer by musicmom08 at 12:03 PM on Oct. 20, 2010
Answer by MommaofH2 at 11:53 AM on Oct. 20, 2010