Updated almost 7 years ago on . Most recent reply
County Assessment: Is it a good number to consider when comp'ing?
I'm pulling comps on a property that I'm looking to fix/flip. How important is the total value assessed (from official county website) when comp'ing a property? Offer price is $70K. Needs cosmetic and possible kitchen upgrade. Comps based on Zillow and Trulia is ~$100K. Below is what the county is assessing it at ($62,800K):
| Assessment Year: | 2017 |
| Building Value: | $41,700 |
| Other Improvements: | $1,100 |
| Total Land Value: | $20,000 |
| Total Taxable Value: | $62,800 |