What does it mean when you get a notice about an upcoming property tax re-appraisal? Every number of years, when property values on a town’s record keeping tax role seem to get out of line, a municipal-wide appraisal is made. It’s called a mass appraisal and usually is done every 7 to 15 years. Mass […]
Author Archives: admin
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Nov
Nov
Checking Property Tax Assessments Property tax assessments are troublesome for many people. They wonder how are they arrived at, what do they mean and by what means does one know that they are accurate. The assessment process revolves around understanding the sales ratio. This sales ratio is called by other names in other jurisdictions and […]
13
Oct
Oct
An appraisal is an opinion of value, an estimate of worth. The Federal National Mortgage (FNMA) states, “Market value is the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale,(whereby) the buyer and seller, each (are) acting prudently, knowledgeable and assuming the […]