Public Property Records

6 Replies

I was looking through the public property records for an area that I'm looking to invest in, and when I was looking through the page it said that the "2018 Total Value/Taxable", was $79,000. Is this the appraised value for the house that the city has decided on? The house is currently on sale for $40,000, and was wondering if this was an indicator that this might be a good deal. What else should I be looking for in my county's public property records? Any info would help!

Tax value is just one thing to look at. The public assessor records are good to ID what the permitted SQ. feet are, sometimes it will show the total bathrooms and bedrooms as well, depending on the county, as well as recent sales and what the yearly taxes are. 

To best identify true value, I would look on the MLS or utilize an agent to pull comps for current condition and ARV comps.

What are your goals for this property?

@Patrick Daniel To be honest Patrick, I'm still new to this and don't actually have any plans with this property in particular, was just doing some research on properties and wondered what the information meant. One questions, and this can be answered by @Angela Smith as well, what does that tax value mean exactly? Is that number used to determine the property taxes on the house?

@Greg Bohn  yes as @Angela Smith mentioned, That is how the local government will tax the property.

For a very general example, If your tax value is $100,000 and the local tax rate is 1.2%, then you will be taxed $1,200 for that year. Then there are other rates that you could be assessed based on your specific subdivision or credits based on your specific circumstances. 

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