When your home is appraised by a tax appraiser, what does the appraised value mean? Actual market value??
490195
Usually (what I've seen) is that appraisals for property tax purposes break out the value between land & improvements.\n\nGenerally, the appraisals don't reflect anything close to market. Just my opinion.
173431
no. they come off the value of your house when you go to sell it. meaning less profit for the you to show the irs.
1019258
well being an appraiser i have done that many times over the past five years. not all markets are the same and not all homes are the same. a quick run down of what i do may help. \n\nbasically i get information about your house thru a physical  inspection of it. noting both the presence of or the absence of features. then i go to the mls service of that area and find homes that match as closely as i can to the one i looked at. making plus or minus adjustments to the sales price of the comparables. this gives me a range of value usually within a 5000 dollar spread or less. and the value given for the home is in this range. \n\n\n now there is alot that actually goes into this process and there are rules by which i have to follow but for this i am simplyfing. if homes have sold in the same area for about the same price you are aksing for then most likely it will be fine. however if they are asking for more than or less than the what other homes have sold for then you may have an issue. if more, then your home has to show why it is worth more. if less, then why is that. are the sellers motivated to get out or is there something wrong with the house. an appraiser worth anything should be able to determine this. \n\nnow i am aware that even though we are regulated a lot of appraisers will make the price no matter what the market says. this is not good as you end up paying too much for the house and not be able to resell it and cover your costs or if it is too low you may not be able to take advantage of special financing that allows you to remove pmi if the appraisal is high enough compared to the loan amount.  \n\nbest advice is to not sign any docs from lender that takes away your right to the appraisal. you paid for it out of the proceeds or before hand. you are entitled to it unless you sign away that right. this way you can see what the appraiser used as comparables for your home and also see what you may need to do to improve your home for a better resell  value. \n\nhope this helps   if you have any further questions please feel free to check my website at www.rpmappraisals.com and i have a page there that goes deeper into what an appraisal is .
905326
You tell the appraisor what you want it to valuate for and they will work backwards to arrive at the figure.  I know this is not the accepted way to do it, but it is reality.
130077
I believe the value is in the level of service and obtaining results that brings about the highest value in the open market.\n\nAnyone can place a sign in front.\n\nDoes the agent use technology to expose the property to multiple buyers and locations such as media, print, internet, does he or she have a personal website, does the agent have the experience in obtaining multiple offers, what are the agents skills from a legal disclosures.\n\nInterview the top agents within your community say 4 and you should see differences in delivery and actual sold's are important as it reflects history of Sold properties.\n\nIn a sellers market, you could try it yourself, but at the present time many communities in the US are in a Buyers market and a fulltime professional can be of great value.\n\nGo to http://www.Realtor.com and go to your own community and you may find several examples of local marketing with many agents having a stronger marketing presence.\n\nBest to you.
344172
The appraised value is what you would insure it for, and is usually more than the selling price.  \n\nIf they're really valuable, try going through an auction house.  They'll take a cut, but you'll get the highest price.  Butterfields is good.  \n\nIf not so valuable, check out auction sites to see what kind of prices similar pieces are getting.
540719
Most appraisers in Texas charge about $300 for a residential appraisal.  In my opinion, given the amount of work that they do, it's a very fair price.  For commercial and raw land appraisals, the prices are much higher.
485060
Go to your assessor's office and ask for a copy of the assessment record. Then, ask for an explanation of the record, especially abbreviations and codes. Next, ask for an explanation of the assessed value. In some states, an assessed value is a percentage of market value. In others, it is market value. And in others, it is the market value of the property in the year of the last revaluation. Do not forget to ask about exemptions and tax credits. These can dramatically reduce your taxes. Also, ask when the filing period for a tax abatement begins and ends. \n\nExamine the record to determine if there are any factual errors. There may be an error in the measurement of your house, or there may be an error in the listing of your house's amenities. (I once encountered an assessment that showed a house had 15 bathrooms, instead of 1.5 baths). If there is a factual error, you should request a correction of the error in writing. If needed, file a formal tax abatement.\n\nIn some states, you can use assessments of other, similar houses to demonstrate you are being over-assessed. Make sure the other houses are similar in size, age, and location. Identify any variations in treatment of your house and the others. Typically, this demonstration is made with a formal abatement request.\n\nAn abatement request can be filed when you know the market value of your house, and the assessment (or "equalized assessment") exceeds the market value. Often, you can get a real estate agent to give you an opinion of value for free, that includes comparable sales and listings. An appraisal for a house can cost between $150 and $350, depending on the local appraisal market and the type of appraisal you order. If the agent's opinion or the appraisal opinion shows you are over-assessed, you should file a formal appeal and attach the opinion of value.\n\nIn states where assessments are a percent (ratio) of market value, you need to divide the assessment by the ratio to arrive at the assessed market value. For example, in CT, assessments are 70% of the market value. An assessment of $140,000 would indicate an assessed market value of $200,000. (AV / Ratio = MV).
389609
County Tax Assessors do not rely on appraisals nor current values to determine your tax basis.  The lenders rely on this information in order to gage the extent of the loan amount.  If your home is being taxed on a value of $200K, any increase to that amount will determine a new base.  If you're re-financing rate and term, your first mortgage shouldn't increase much, so there will be very little increase in taxes.  However, if you're cash-out refi-ing lets say, $200K more, your new base will be $400K.  I know as fact that HELOCS do increase your base because this second is recorded and its addition to your value is obvious. (Even if you don't draw from your line!) Appraising is not an exact science and we all would challenge anything Mr. Tax collector told us to be value.
91582
It means total market worth.. current stock price x number of shares outstanding...
322323
you should have the house inspected and appraised...make sure you're getting what you pay for...i'd recommend going thru a realtor though. oh, and you need a good title lawyer...gotta make sure the current owner has a clear title.
48568
The housing market in California is considered overvalued at the moment, however, for a specific house, Equifax.com has a great regression analysis tool to see if the house is over/under valued.
1052219
The tax valuation of a home, the value that the state gives you in order to decide how much you will pay in property taxes, often is inaccurate.  This value may be well below the real value of the home, so you shouldn't pay much attention to it.\n\nThe only problem would be if the state were valuing your property at more than it's really worth and taxing you based on that.
1111556
Call the propertys County Appraisal Districts office. They can tell you what last years property tax was. You can go by that but depending on IN state property tax laws this amount can vary each year depending on a number of factors. I know in the state of TX it is the law that each property be valued at market value: what properties are selling for.
1177391
We just sold a house.  We took $5,000 less than the listing price.  We couldn't afford to go any lower.  Our Realtor knew this, and would have rejected any offer less than that without even calling us. Be careful of making an offer that is too low.  \n\nWhen we made the offer on our new house our Realtor was able to guide us as to how much below the list price was a fair offer.  \n\nThere are many factors to consider.  Is the home reasonably priced to begin with?  Is there a mortgage balance?  Your Realtor should be able to answer your question better than people who have not seen the house and are not familiar with the market area.
938313
I am a professional appraiser.  Today appraisals are done by statistical approaches which is why they all spend only 15 min., they all take the parameters needed and leave.  In their offices they make the calculations based on statistics, end of story.  This means that if you consider a mass of appraisals as dots and plot them and compare them in time with real transactions, many dots will be above and below the "real selling price" curve, although as a whole the deviation will still be acceptable.  From a Government standpoint or a Corporation, this is sufficient.  From an individual standpoint where you are one of the dots, it is not acceptable because you are not interested in the mass mean values, you are interested in your particular, very private, and singular, property.  If you want an appraisal which comes closer to the "real expected selling price", perhaps the best approach is to get in touch with a real estate firm that specializes in selling the type of property you have.
713790
It depends.  It is really hard to say without more information.  I would say that it depends on other details about your house and your location.  It depends on how desirable fireplaces are in your market, especially in your subset of comparable homes.\n\nA fireplace in a home in Texas, for example, might not add any value if people wouldn't really pay extra for them.\n\nIf you have a fireplace in Minnesota, and most other comparable homes have a fireplace, then it might not add any value either.\n\nI am from New England, and when I conduct an appraisal, I might add 1,000 or 2,000 or so for a fireplace.  But an adjustment would have to be different for a $1,000,000 mansion than for a $180,000 single family home...