Sat.Feb 03, 2018 - Fri.Feb 09, 2018

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What makes a sale a comparable sale?

Padove Appraisal Service

Many are familiar with the use of comparable sales, or “comps” in residential real estate appraisals. In this blog entry, I will explain how this technique is used. A discussion of comparable sales begins with an explanation of why this approach is used in the valuation of real estate. Comparable sales reflect actual market reaction to similar residences, offering insight into anticipated market reaction to the property being appraised.

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What is Tax Assessed Value, Tax Appraised Value, and Market Assessed Value?

Zillow

Tax assessed value This figure varies throughout the U.S. since it is determined by the taxing authority of the city, county, or state where you live. Sometimes it is the same as the market assessed value and other times counties will multiply the market value by an assessment ratio to get the tax assessed value, which is often lower than the market assessed value.