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Updated over 5 years ago, 07/17/2019

Skylar Dejesus's profile image
Skylar Dejesus's profile image
Skylar Dejesus
  • from Johnson City, Tennessee
  • Member since Nov 17, 2014
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140
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133
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Skylar Dejesus's profile image
Skylar Dejesus's profile image
Skylar Dejesus
  • from Johnson City, Tennessee
  • Member since Nov 17, 2014
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Skylar Dejesus
  • Johnson City, TN
133
Votes |
140
Posts
Buying & Selling Real Estate

Tax appraisal significance?

Skylar Dejesus
  • Johnson City, TN
Posted

How significant is the tax appraisal of a property? I'm looking to flip a property and the comps for the area are showing properties of this type are selling for 55-65k but the tax appraisal on the property is 6700. How significant is this? Should I cross this property out as a flip? I'd be purchasing for 20k.

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