For the past couple weeks I’ve been compiling addresses of distressed properties I’m interested in off market. After going through my list and determining who is paying taxes on each of these properties, I’m wondering what kind of insight the tax assessment will tell me? I’ve had real estate agents tell me the tax assessed value is meaningless. I understand that sentiment to an extent. However, I still feel there has to be some sort of value in that assessment number as far as assessing the deal as a whole. I’m still new to RE, though, and so I may be totally wrong.
Any advice on how to analyze tax assessment values, if there’s anything to be analyzed at all?
Thanks in advance!