It isn't property assessment that's gross | Voices | nuvo.newsnirvana.com
Gross assessed value (GAV) may be the best indicator of economic progress for a neighborhood, city, county, or state. We donât have good numbers on the market value of real estate. Sales disclosure forms may not do the trick if they are not audited. The gross valuations of county assessors can be challenged by property owners. No one challenges when the assessments are too low. So these gross assessments are a minimal statement of value. The GAV of the property we own is listed with our property tax bills. It changes as the market value of homes in our neighborhoods changes if there are ...
Source: newsnirvana.com