Have you noticed that the majority of all sales in today’s market is below the Tax Assessed Value?\u00a0 Sellers’ are still under the assumption that this value is a true reflection of what their property is appraised for, even some Realtors are still under this notion. WAKE UP AND SMELL THE COFFEE!<\/p>\n
Today’s tax assessed value is based on the over priced properties of the past. The appraisers’ office is still working on formulas to derive to the true tax assessed value of homes.\u00a0 Per my analysis it appears that the market value of homes can be calculated anywhere from 65% to 100% of the tax assessments.\u00a0 I have calculated quite a few sales that were an average of 68%.<\/p>\n
When you come to think of it, it brings the values back to approximately the value of the 2002 -2003 of the housing industry before the bubble started to blow up.\u00a0 So when calculating todays value of a home, my perception is do not go by the Active home prices,\u00a0 but to recalculate the value of a home not only by the last few sales (thats if you could find any) but based on at least 20% off the Tax Assessment Value that has been inflated due to the last few years of high prices!<\/p>\n","protected":false},"excerpt":{"rendered":"
Have you noticed that the majority of all sales in today’s market is below the Tax Assessed Value?\u00a0 Sellers’ are still under the assumption that this value is a true reflection of what their property is appraised for, even some Realtors are still under this notion. WAKE UP AND SMELL THE COFFEE! Today’s tax assessed<\/p>\n