Question:

How are assessments done on improved residential property?

by Guest740  |  11 years, 1 month(s) ago

0 LIKES UnLike

How are assessments done on improved residential property?

 Tags: assessments, improved, property, residential

   Report
Answer The Question I've Same Question Too

1 ANSWERS

Sort By: Date  |  Rating
  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.

You're reading: How are assessments done on improved residential property?

Question Stats

Latest activity: 11 years, 1 month(s) ago.
This question has been viewed 1060 time(s) and has 1 answer(s).

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now