- This topic has 70 replies, 6 voices, and was last updated 15 years, 9 months ago by
donaldduckmoore.
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November 4, 2008 at 3:53 PM #14372November 4, 2008 at 11:59 PM #299166
urbanrealtor
ParticipantNeither.
Your assessed value is the combination of both the improvements and the land itself.Use comps that are actually comparable and then cite their sale prices on the reassess form.
Those sale prices reflect the combined value for those similar sales.
When you reference your opinion of value, you are referencing the combined value.
I am a bit tipsy (celebrating election) so if anything I said does not make sense just email me at my handle at gmail.
November 4, 2008 at 11:59 PM #299519urbanrealtor
ParticipantNeither.
Your assessed value is the combination of both the improvements and the land itself.Use comps that are actually comparable and then cite their sale prices on the reassess form.
Those sale prices reflect the combined value for those similar sales.
When you reference your opinion of value, you are referencing the combined value.
I am a bit tipsy (celebrating election) so if anything I said does not make sense just email me at my handle at gmail.
November 4, 2008 at 11:59 PM #299531urbanrealtor
ParticipantNeither.
Your assessed value is the combination of both the improvements and the land itself.Use comps that are actually comparable and then cite their sale prices on the reassess form.
Those sale prices reflect the combined value for those similar sales.
When you reference your opinion of value, you are referencing the combined value.
I am a bit tipsy (celebrating election) so if anything I said does not make sense just email me at my handle at gmail.
November 4, 2008 at 11:59 PM #299544urbanrealtor
ParticipantNeither.
Your assessed value is the combination of both the improvements and the land itself.Use comps that are actually comparable and then cite their sale prices on the reassess form.
Those sale prices reflect the combined value for those similar sales.
When you reference your opinion of value, you are referencing the combined value.
I am a bit tipsy (celebrating election) so if anything I said does not make sense just email me at my handle at gmail.
November 4, 2008 at 11:59 PM #299592urbanrealtor
ParticipantNeither.
Your assessed value is the combination of both the improvements and the land itself.Use comps that are actually comparable and then cite their sale prices on the reassess form.
Those sale prices reflect the combined value for those similar sales.
When you reference your opinion of value, you are referencing the combined value.
I am a bit tipsy (celebrating election) so if anything I said does not make sense just email me at my handle at gmail.
November 5, 2008 at 6:04 AM #299269EconProf
ParticipantThe land portion of your total assessed value may be very relevant–it depends on your situation. With property values way down, land prices have fallen even more than the total package. Accordingly, if unimproved lot prices in your area are well under the assessor’s value of yours, then attack their valuation.
But in general, it is the value of close comps of land + improvements that counts.
Be sure to stick to the value of those comps last January, plus or minus 3 months. The assessor will ignor any other comps.November 5, 2008 at 6:04 AM #299698EconProf
ParticipantThe land portion of your total assessed value may be very relevant–it depends on your situation. With property values way down, land prices have fallen even more than the total package. Accordingly, if unimproved lot prices in your area are well under the assessor’s value of yours, then attack their valuation.
But in general, it is the value of close comps of land + improvements that counts.
Be sure to stick to the value of those comps last January, plus or minus 3 months. The assessor will ignor any other comps.November 5, 2008 at 6:04 AM #299624EconProf
ParticipantThe land portion of your total assessed value may be very relevant–it depends on your situation. With property values way down, land prices have fallen even more than the total package. Accordingly, if unimproved lot prices in your area are well under the assessor’s value of yours, then attack their valuation.
But in general, it is the value of close comps of land + improvements that counts.
Be sure to stick to the value of those comps last January, plus or minus 3 months. The assessor will ignor any other comps.November 5, 2008 at 6:04 AM #299635EconProf
ParticipantThe land portion of your total assessed value may be very relevant–it depends on your situation. With property values way down, land prices have fallen even more than the total package. Accordingly, if unimproved lot prices in your area are well under the assessor’s value of yours, then attack their valuation.
But in general, it is the value of close comps of land + improvements that counts.
Be sure to stick to the value of those comps last January, plus or minus 3 months. The assessor will ignor any other comps.November 5, 2008 at 6:04 AM #299649EconProf
ParticipantThe land portion of your total assessed value may be very relevant–it depends on your situation. With property values way down, land prices have fallen even more than the total package. Accordingly, if unimproved lot prices in your area are well under the assessor’s value of yours, then attack their valuation.
But in general, it is the value of close comps of land + improvements that counts.
Be sure to stick to the value of those comps last January, plus or minus 3 months. The assessor will ignor any other comps.November 5, 2008 at 6:58 AM #299665donaldduckmoore
ParticipantComp value of a house does not tell me which portion of the value is depreciating and the reassessment form requires me to put down the individual value on each portion. I can only guess the land value going down if I have comp. But which portion is more relevant to a down housing market.
November 5, 2008 at 6:58 AM #299728donaldduckmoore
ParticipantComp value of a house does not tell me which portion of the value is depreciating and the reassessment form requires me to put down the individual value on each portion. I can only guess the land value going down if I have comp. But which portion is more relevant to a down housing market.
November 5, 2008 at 6:58 AM #299679donaldduckmoore
ParticipantComp value of a house does not tell me which portion of the value is depreciating and the reassessment form requires me to put down the individual value on each portion. I can only guess the land value going down if I have comp. But which portion is more relevant to a down housing market.
November 5, 2008 at 6:58 AM #299656donaldduckmoore
ParticipantComp value of a house does not tell me which portion of the value is depreciating and the reassessment form requires me to put down the individual value on each portion. I can only guess the land value going down if I have comp. But which portion is more relevant to a down housing market.
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