Question:

How are assessments done on improved residential property?

by Guest740  |  6 years, 5 month(s) ago

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How are assessments done on improved residential property?

 Tags: assessments, improved, property, residential

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  1. Guest740

     The assessed value of residential properties is determined by analyzing properties that have sold. Property characteristics for homes that have sold are compared to determine which characteristics are important and the extent to which they are important in explaining market sales. This is called the sales-comparison approach to market value.

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