Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

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
 

Loading replies...