Home › Forums › Closed Forums › Buying and Selling RE › Land vs improvements change in assessment › Ok, here are some rough
Ok, here are some rough rounded-off numbers:
Old assessment (late 2011, after a foreclosure by the bank): land: 180k, improvements: 280k total: 460k
New assessment (spring 2012, after a purchase from the bank): land: 300k, improvements: 150k total: 450k
No changes to the property between assessments (ok, maybe bank did vacuum the dirty carpet that it didn’t even bother to replace).
Some volatile market we’ve got here…
