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SpiceGirl
Dream big
Member since 1/06 2486 total posts
Name:
j
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Assessed value of home
I called the Town of Islip to get the assessed value of a home we are currently interested in purchasing.
The women I spoke with said the assessed value is $44,400. Does anyone know the formula used to figure out the Market Value of the home?
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Posted 11/8/07 11:14 AM  |
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Prudential Douglas Elliman Real Estate
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mikeswife06
Drama Momma
Member since 9/06 9947 total posts
Name:
Anne
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Re: Assessed value of home
check www.zillow.com
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| Posted 11/8/07 8:07 PM |
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pnm1654
Mommy to 2 boys!
Member since 5/05 4565 total posts
Name:
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Re: Assessed value of home
Ooops,deleted msg. I'm a Queens girl and thought Islip was in Nassau
Message edited 11/9/2007 9:47:39 AM.
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| Posted 11/9/07 9:46 AM |
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SpiceGirl
Dream big
Member since 1/06 2486 total posts
Name:
j
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Re: Assessed value of home
Why is this such a mystery?! 
I'll call the Town of Islip again, maybe some kind soul will explain how to figure it out.
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| Posted 11/9/07 12:46 PM |
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NinaLemon
It's a boy!!!
Member since 10/07 6453 total posts
Name:
Jeannine
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Re: Assessed value of home
The assessed value of a home often has very little to do with the market value of a home. Each municipality comes up with it's own method to determine this, some use full value, others a percentage. The town I live in has not reassesed since the real estate boom because it would cause too drastic of an increase in property taxes, they are in the process of determining a new formula so property taxes don't increase 25% the way the market value of a home has.
The best way to figure out the market value is to talk to an appraiser. A real estate agent should be able to give you a good idea, if you have a seller's agent.
Good Luck 
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| Posted 11/9/07 12:54 PM |
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