Tax Value On MLS
How does the tax value compare to the retail sale price of homes listed on the mls. I have the MLS listing of some homes provided by my RE broker and in most cases the tax value is higher but not by much. Is this a good indication on what I will be able to sell the home for after it is repaired? Any insight on this will be appreciated.
Thanks
Don C
"Under tax value!"
Means your property taxes will be higher than on similarly priced properties that are below tax value.
Be ready to contest the assessment after you buy, if you can.
Or, it may also mean that you are picking up a rehab project at a good price... Gotta run comps.
I agree with cuttymc. Tax value is seldom a good gauge of selling price.
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