Comments on: Real Estate Assessment http://www.mapgirl.net/mfc/2006/01/19/real-estate-assessment/ Just tidbits about money and finance. Thu, 04 Dec 2008 01:07:15 +0000 http://wordpress.org/?v=2.5 By: Tiara http://www.mapgirl.net/mfc/2006/01/19/real-estate-assessment/#comment-40 Tiara Wed, 25 Jan 2006 02:49:00 +0000 http://www.mapgirl.net/mfc/?p=38#comment-40 I'm not sure how to value my house for purposes of calculating my net worth either, and doing that calculation is something I want to do soon. I think what I'm going to do is sit down with local real estate sale prices (mailed to me by a local realtor in a quarterly newsletter) and average those for houses in my immediate neighborhood with the same or fewer bed/baths and same or slightly less house and lot sizes. I’m not sure how to value my house for purposes of calculating my net worth either, and doing that calculation is something I want to do soon. I think what I’m going to do is sit down with local real estate sale prices (mailed to me by a local realtor in a quarterly newsletter) and average those for houses in my immediate neighborhood with the same or fewer bed/baths and same or slightly less house and lot sizes.

]]> By: Rob Carlson http://www.mapgirl.net/mfc/2006/01/19/real-estate-assessment/#comment-39 Rob Carlson Fri, 20 Jan 2006 19:48:00 +0000 http://www.mapgirl.net/mfc/?p=38#comment-39 The bank's rule of thumb is that market value is roughly 10% higher than appraised value. At least that's what they used to give me my equity line. That's the number I use (generally) for my net worth, minus about $8,000 in improvements and fixes I would need to do to sell this place again (I'm something of slob). The bank’s rule of thumb is that market value is roughly 10% higher than appraised value. At least that’s what they used to give me my equity line. That’s the number I use (generally) for my net worth, minus about $8,000 in improvements and fixes I would need to do to sell this place again (I’m something of slob).

]]> By: mapgirl http://www.mapgirl.net/mfc/2006/01/19/real-estate-assessment/#comment-38 mapgirl Thu, 19 Jan 2006 21:04:00 +0000 http://www.mapgirl.net/mfc/?p=38#comment-38 The thing is that my county assesses everyone every 2 years and not just when a home gets sold. I have a feeling that my assessment is still under current market values for when the weather gets warm, but we'll see. Thanks for the link to your old company's site. I'll have to check it out later. The thing is that my county assesses everyone every 2 years and not just when a home gets sold. I have a feeling that my assessment is still under current market values for when the weather gets warm, but we’ll see.

Thanks for the link to your old company’s site. I’ll have to check it out later.

]]> By: Caitlin http://www.mapgirl.net/mfc/2006/01/19/real-estate-assessment/#comment-37 Caitlin Thu, 19 Jan 2006 19:40:00 +0000 http://www.mapgirl.net/mfc/?p=38#comment-37 Jim just <a HREF="http://www.bargaineering.com/articles/contesting-real-estate-tax-assessments.html" rel="nofollow">posted about this</A>, and check out my comment on his post...might be helpful. Jim just posted about this, and check out my comment on his post…might be helpful.

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