article thumbnail

Consider These Factors Before Buying Land In 2023

Cleveland Appraisal Blog

Photo by Antonio Quagliata on Pexels.com Additionally, consider the zoning laws and land-use regulations in the area and what category it might fall into based on its specific location. As a real property appraiser, I think these tips can really help if you’re looking to purchase land. What is it for?

article thumbnail

9 tips for homebuyers in non-disclosure states

Housing Wire

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Appeal Your Property Taxes in King County

Will Springer Realtor

The state requires that county assessors inspect every property at least every six years to maintain accurate information about the parcel and structures. Local governments are limited to a 1% annual increase in property tax revenue regardless of changes in property values – but there is a catch. overall increase.

article thumbnail

Why You Should Hire Professionals to Measure Your Home

Cleveland Appraisal Blog

Just in case you weren’t aware, real estate brokers in some states, like Ohio, are now required by law to show you the home’s interior living space. Your annual property taxes may go down if the value of your home is significantly lower than what it was initially estimated to be.

article thumbnail

A property tax reckoning is coming

Housing Wire

The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices. In Spokane, the average property tax bill has risen from about $2,500 in 2019 to about $3,000 in 2021, tax assessment data shows. No one knows how this will all play out.”.

article thumbnail

Opinion: More financing options for ADUs are needed

Housing Wire

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. One of the challenges is that appraisals for ADUs are often unrefined and idiosyncratic, as appraisers are still getting used to this asset type and good comps can be hard to assemble.

Finance 438
article thumbnail

How the Ohio COVID-19 Tax Relief Reduces Your Commercial Property Value

The Robert Weiler Company

Regular property tax contests are valued as of January 1 of the tax year in question. For instance, those contesting their property taxes for the tax year 2020 will be contesting their property’s value as it existed on January 1, 2020. Getting Started With The Ohio Property Tax Contest Process.