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Updated about 10 years ago on . Most recent reply

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254
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John Matthews
  • Investor
  • San Diego, CA
56
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254
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Tax assessment for LTV

John Matthews
  • Investor
  • San Diego, CA
Posted

Does a properties tax assessment value = the appraisal value that the bank will loan against once it's seasoned?

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Nope.  Tax assessments are irrelevant to the value of the property.  They're set for collecting taxes.  The bank will do an appraisal and that's the value they will use.

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