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Updated over 6 years ago on . Most recent reply

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Greg Bohn
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27
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Public Property Records

Greg Bohn
Posted

I was looking through the public property records for an area that I'm looking to invest in, and when I was looking through the page it said that the "2018 Total Value/Taxable", was $79,000. Is this the appraised value for the house that the city has decided on? The house is currently on sale for $40,000, and was wondering if this was an indicator that this might be a good deal. What else should I be looking for in my county's public property records? Any info would help!

Most Popular Reply

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196
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Patrick Daniel
  • Rental Property Investor
  • Pensacola, FL
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196
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Patrick Daniel
  • Rental Property Investor
  • Pensacola, FL
Replied

Tax value is just one thing to look at. The public assessor records are good to ID what the permitted SQ. feet are, sometimes it will show the total bathrooms and bedrooms as well, depending on the county, as well as recent sales and what the yearly taxes are. 

To best identify true value, I would look on the MLS or utilize an agent to pull comps for current condition and ARV comps.

What are your goals for this property?

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