Using taxable values in offer prep

[John Blythe]

Hi, all.

I've seen that tax values on a property can be all over the place based on the locality. A few discussions had mentioned that they tend to be 80-90% of FMV—once more, assuming it's not in an area with a more idiosyncratic approach to the assessment.

I'd imagine it's dependent upon which area one finds themselves in, but are there any good rules of thumb to employ in using them while making offers on properties? FMV is tricky business for newbs like myself, so if something like the assessed tax value could be a guidepost it'd be very helpful.

Thanks for any insight!