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Updated almost 6 years ago,

User Stats

7
Posts
0
Votes
Juan Rivera
  • Rental Property Investor
  • Virginia Beach, VA
0
Votes |
7
Posts

County Assessment: Is it a good number to consider when comp'ing?

Juan Rivera
  • Rental Property Investor
  • Virginia Beach, VA
Posted

I'm pulling comps on a property that I'm looking to fix/flip. How important is the total value assessed (from official county website) when comp'ing a property? Offer price is $70K. Needs cosmetic and possible kitchen upgrade. Comps based on Zillow and Trulia is ~$100K. Below is what the county is assessing it at ($62,800K):

Assessment Year:2017
Building Value:$41,700
Other Improvements:$1,100
Total Land Value:$20,000
Total Taxable Value:$62,800
 

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