Tax Assessed Value Model

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Derive an estimate of value by examining market values attributed to properties by the local taxing authorities. As a matter of local law and custom, the values reported by the taxing authorities often (but not always) vary from the current market value in some reasonably predictable manner. For example, some jurisdictions require the taxing authority to report the value at 25 percent of estimated market value. In others, values are reassessed only on an infrequent basis. Some jurisdictions report multiple values – Assessed, appraised, and market values. By examining local laws and customs with respect to how that value is derived, it is often possible to provide a general adjustment to values reported by taxing authorities to better approximate current market value.

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