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To: bgill

Pay for your own, independent appraisal. Call several Real Estate agents to get recommendations on expert appraisers.


3 posted on 06/23/2013 6:54:58 AM PDT by upchuck (To the faceless, jack-booted government bureaucrat who just scanned this post: SCREW YOU!)
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To: upchuck

The first place to start is to get a handle on what other like properties or square footage is appraised at in your area. If everyone is appraised at ridicules levels, it will show you that a comparison approach will not work.

After that, determine what value your property is supposed to be assessed to...fmv; replacement values; costs plus yearly inflation or whatever.

That is how I would do it were it me. Our tax basis here is original sales price plus an allowed 2.5% per year for inflation assuming nothing changed like adding a pool or more sq footage. It works fine for owner occupied dwellings. Non owner occupied not so good.


6 posted on 06/23/2013 7:03:26 AM PDT by Mouton (108th MI Group.....68-71)
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