A quick and easy formula to use that will keep you safe in this price range would be to identify the real ARV (after repair value) which has nothing to do with county assessed records, but sold comps in the area that were like kind and in move in great condition.

I'm going to purchase a investment property for 40k the tax assessment value is 130k.

Local friends that are pretty good at assessing house value have said it would be possible.

I don't know if they have 50 million dollars in reserved funds to deal with a cat 5 hurricane or if they actually have no money in the bank and there is a huge assessment coming.

I've looked up the records on the tax assessment website.

Make sure there are no big increases to the water usage rates coming soon from the water department or special assessments.

I am looking a property that is assessed by the county at a lower price than the seller is selling the property.1.

im running comps on on the property and the taxes check out but what she wants and what the estimated values is way off. county records assess the value as $134700. not zillow and trulia numbers are way off from each other and the county records value. zillows at $187143 an trulia is at $151400.my comps are coming in lower than what she's asking for which is 187,649. she said a realtor has helped her come up with this number. the price is negotiable but I doubt she will move much.does anyone think this is a deal worth working.

Hi AllI am thinking of transferring ownership of a property from one entity to another.Is it true that IRS will definitely NOT accept government assessed value for a property?

@Andrew Olson You probably need someone local whom you trust to take a look at the property and give you a real assessment of the condition and the area if you are not familiar with the area.