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What is difference between government appraisal and landowner appraisal?
Wiki User
∙ 8y ago
The government - in the form of the local tax appraiser - comes up with a value (i.e. appraises) property so that the government knows how much tax to assess that property. Alternatively a landowner can hire a private appraiser to give the landowner an idea of how much the property might be worth or sell for, a value which could be useful in determining how much insurance to have, or whether to refinance, or estate planning reasons, etc.
Wiki User
∙ 8y ago
Wiki User
∙ 9y agoA government appraisal is done for the purpose of levying taxes, whereas the owner's appraisal is to establish a sale price or equity position. The latter is generally higher than the former.
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