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Updated about 6 years ago on . Most recent reply
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what does it mean when they have $0 improvement ?
Hi everyone!, what does it mean when the county property appraisal has $0 improvement on a property on their website? even though there's a house on the lot but the house been vacant for a while/abandoned, does it effect the ARV for the house if someone bought it to flip it since they have $0 improvement value for the house?
Most Popular Reply
It could mean a lot of things - but county data is notortiously incomplete and bad, and values for taxation very rarely track actual market value. You need to figure out the actual condition of the house, any recent work, and do your own comps analysis to determine ARV.