Jun
30
The Approaches to Establishing realestate ValueSales Comparison ApproachThe sales comparison approach is used at realestate tax hearings for houses, land and owner-occupied buildings. Cost ApproachThe cost approach is not typically used at realestate tax protest hearings except for new buildings. Appraisal districts often use the [...] After applying appropriate adjustments to the assessment comparables, calculate the median level of assessment for the assessment comparables. Then make adjustments for differences between the subject land and comparables. Inspect and photograph the comparable sales making detailed notes regarding differences between the comparable sales and your realestate.
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