What percentage do you use when figuring home value from the tax roll figure?
Or how do you figure out your home's value - without doing a new appraisal?
Thanks in advance for all your answers!!!
YOUCANDOIT
Question on Home Value?????
May 4th, 2007 at 08:17 pm
May 4th, 2007 at 08:49 pm 1178308156
May 4th, 2007 at 09:28 pm 1178310537
May 4th, 2007 at 09:57 pm 1178312229
May 4th, 2007 at 11:33 pm 1178318006
May 5th, 2007 at 12:31 am 1178321465
If you're thinking of selling, by all means have a few realtors in to do some appraisals.
If you want to make sure you have enough homeowner's insurance, you can call your insurance company and they can walk you through a "replacement construction cost" calculation.
If it's for calculating your net worth, I'd start with what you paid for it originally, then adjust annually at the rate of inflation (since historically house values have tended to keep pace with inflation), and then deduct 8-10% for what it will cost you when you actually do sell (realtor's commissions, sales taxes, closing costs, etc, etc). The only exception to this formula would be if you live in a real estate market that has really boomed or busted; then you might have to spend some time researching your market to see what comparable homes have sold for.
May 6th, 2007 at 05:25 am 1178425542
We've expanded our home and also added a pool and this isn't on there.
I looked at an appraisal from a refinance a few years back and than pulled the tax roll to see what the percentage was. The market value is 15% higher than the assessed value(taxroll).