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Updated almost 7 years ago on . Most recent reply

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200
Posts
21
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Tim Ivory
  • Morristown, TN
21
Votes |
200
Posts

Appraisals from Local Tax Assessors Site

Tim Ivory
  • Morristown, TN
Posted

I'd like to know if the appraisals listen on a tax assessors site are ARV prices (if the home was in perfect condition), or what the house is worth as it sits. So, if the house needs major repairs (new roof, new pool) does this already show up in the appraisal value? So, if a house needs 50k in repairs, but gets an appraisal and its comes in at 200k, but then does the repairs, I assume the appraisal will then jump up around 250k, taking into account the new repairs.

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