Sat, Jul 04, 2009
|
Author |
Fair Market Value |
OKCInvestor
5 Posts
Member Since: 12/19/2002 Join OKCInvestor's Network
What's My Favorites Network? |
Posted: 16:55 on 12-19-2002
I am just starting to become a active investor. (wasted years reading and watching others),any way my question is this. I live in OKC, Ok and our Tax assessor has a web page that I can access. On it there is a listing for Market value as well as Tax Assessment. Is the Market value listed a good assumption of the value of the property.
Profile of OKCInvestor
 Edit/Delete Post
 Quote this Post
 Report this post
|
InActive_Account
-5 Posts
Member Since: 02/26/2002
AnyTown, NY
Join InActive_Account's Network
What's My Favorites Network? |
Posted: 19:26 on 12-19-2002
Quote:
|
Is the Market value listed a good assumption of the value of the property.
|
|
NO.
Profile of InActive_Account
Edit/Delete Post
Quote this Post
Report this post
|
InActive_Account
-5 Posts
Member Since: 02/26/2002
AnyTown, NY
Join InActive_Account's Network
What's My Favorites Network? |
Posted: 14:18 on 12-23-2002
I concur with lascashman. There are too many factors for that information to be plausible.
Use the tax rate assesment, use domania.com or something like it. Use the newspaper to get ' Comps' of like homes. I personally use domania.com, and a factor over our tax assesment.
Clint
Profile of InActive_Account
Edit/Delete Post
Quote this Post
Report this post
|
JohnMichael
1444 Posts
Member Since: 11/20/2002
Springfield, MO
Join JohnMichael's Network
What's My Favorites Network? |
Posted: 15:00 on 12-23-2002
OKCInvestor,
I am vary familiar with your market area and not to discredit lacashman or cmiller2. You can pull up comparable sales of your subject property from the Asser office online and yes you can determine market value form your Asser office.
The key is to make sure that you are comparing apples to apples and oranges to oranges. Not all areas of the US provide such great info as your area.
_________________
"What is necessary to change a person is to change his awareness of himself." By Abraham Maslow
Profile of JohnMichael
 JohnMichael's Products
Edit/Delete Post
Quote this Post
 JohnMichael's Group
Report this post
|
Vern
467 Posts
Member Since: 04/15/2002
Lexington, KY
Join Vern's Network
What's My Favorites Network? |
Posted: 15:00 on 12-23-2002
Hello OKC, Well if OKC is like LEX then, the tax assessment should be below fair market value. LEX's tax assessment is about 15 to 20% below fair market value. However, don't let this be the only guide to your offering price. Often times you can find property well below tax value. It all depends on the condition of the property and its location.
Profile of Vern
Edit/Delete Post
Quote this Post
Report this post
|
|
|
|
| |
|
