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Question About Land Assessment
Posted on 10/7/12 at 2:44 pm
Posted on 10/7/12 at 2:44 pm
I have found a piece of property in a subdivision that is listed for $33K, all the property around it has an assessed value (not appraised) of 24K. Can I use that to get them down or is appraised and assessed completely different?
1
Posted on 10/7/12 at 3:21 pm to Franktowntiger7
The sale price will probably be your new assessment as soon as the assessor picks it up. Land is assessed at 10% of actual value, not 15%. There is no homestead exemption for vacant land.
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