Assessed Value

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Does your county assessor assess value at purchase price or ARV?

In my state the assessed value at purchase determines the property taxes. I'm trying to refine a spreadsheet I use and want to make it as accurate as possible. Depending on the price point, discount and rehab time this can make a difference of one or two thousand dollars in property taxes paid.

For what it's worth, I haven't done a lot of rehabs but the ones I have done the assessor initially puts it at ARV (roughly) which is somewhat higher than the purchase price. I then have to do battle to get the assessed value reduced to purchase price, which they do finally but it is a minor battle.