The asking price of the house is $155k and the tax assessed value is $16k.

Currently, I’ve decided to use the calculator to teach myself about assessing property.

With that being said, we encourage our Agents to do so if they are working with serious buyers as they will have personal time invested, they will provide assessments and share knowledge with the buyer, they will have travel and wear and tear on their vehicle, etc. 

If you like that, then you can assess the value of what you received and determine if you wish to continue. 

Any insight is greatly appreciated and should go a long way in helping me assess where I can add value to those non-Ohioans looking to invest in my state.  

According to public records , his house is assessed at over 200k.

In true Arbitrage, you also furnish and remodeled to make it viable for the short term rental market.I don't find myself agreeing with that assessment, because as the buyer said he made some mistakes.

@Dean Letfus thanks for quick and comprehensive reply.

Best way to do it is to use it is to search by zipcode then narrow it down with the filters to get an accurate assessment of what houses sold for in a particular location.

When you provide any kind of extra service to guests it changes the taxable nature of the rental.Julie, I am really looking forward to your assessment on this.