Because of blanket real estate assessments, property tax over-assessments exist everywhere! The fact of someone hurried and flying through a neighborhood rendering an opinion of value for a property tax assessment can be wrong! Consider the limited amount of time spent on a blanket-based assessment. All too often previous assessments are simply rolled over. Even […]
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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 […]