Tax Values

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I was wondering...I remember reading about in Florida that on average the tax value of a property is about 70% of the actual value.

Anybody know about other states?

Anybody know if it is generally true that a property is worth at LEAST the tax value - if the property is in decent shape?

I am thinking about buying a doublewide which is priced at 27K less than the tax value. (Less then 70% LTV if value is exactly tax value) We drove out to do a drive by and appears to be a pretty good neighborhood and house looks brand new from the outside - except for a handicap ramp and the evergrowing grass and weeds. This week are going to go look through the inside.

We are thinking about buying this for ourselves for now, but will be moving in near future (between a couple months to a couple years depending on if husband gets this new job or not) so we would be resale it.

We already know we can carry payments on it and a new place in the case it doesn't sell fast enough or we may owner finance it out or LO.

This area is not big enough to have comps - and yes I will be talking to some realtors. But looking at tax value compared to value - trying to get a hold on this.

Thanks for any info or opinions.