How to read Property info on county website
Hi all,
I spend some time driving neighborhoods and finding run down houses. When I find one i am interested in i tend to go to my county assessors website and search the property. Sometimes the values make sense and other times there is a value that is exponentially larger than the others. Like a house selling for $165,000 and then 3 years later it shows a value of 1,219,340...then a few years later another sale of 187,450. I can't figure out why there would be a grossly larger # in between the 2 sales. Also in the type column there is abbreviations I can only assume for the type of sale that it was? Not sure what they mean though. The Reception column also has a strange # that I do not understand. Does anyone use these reports as a resource? Am i wasting my time.
On a side note, how does one go about getting lists of absentee owners and those that might be near default or have owed back taxes? I am just trying to figure out how to get my hands on the right properties that have the value needed to perform and rehab and have a strong ARV. Thanks!!
