County Assessor Information

[Jolee Butler]

Hey BP

I'm looking to wholesale a property through an agent who is related to the seller. I looked up the property on the county assessor website and noticed the total assessment is $11,200. Is this the amount of repairs? If not, what does the total assessment mean?

[Jerry Holt]

Usually a property assessment is the value assigned to a home for the purpose of determining property tax payments. Property assessments are performed by county officials. Property assessments are not the same as than home appraisals. A home appraisal determines the market value of a home, while assessments are only used to calculate property tax amounts.